Uncertainty abounds with respect to US high protein wheat production – and it’s this uncertainty that’s triggered this week’s volatility. It’s difficult – or impossible – to measure the extent of damage cause by last week’s frigid temps and heavy snows across the W Plains. In the tables above, AgResource presents HRS & HRW balance…
US Weather Highly Variable into Late May: The Central US pattern through May 17th lacks additional excessive rainfall, but does include lite/moderate events every few days. Noticeable temperature swings also lie in the offing. Generally, conditions will be much more conducive to planting across the whole of the Plains and Western Midwest in the days…
Global wheat markets ended widely mixed, as the trade continues to speculate yield loss across the Western Plains. Day 2 of the KS wheat tour offered little insight, and as expected yield measurements couldn’t be taken due to snow cover and it’s noted that recovery will simply hinge upon weather through the rest of the…
Corn futures settled 2 cents higher today as additional rain works across the Delta and Southern Midwest, assuring that widespread replanting will be necessary. ARC also mentions Mato Grosso and Goias in Central Brazil will be in a rather dry pattern over the next 10-12 days. There are some hints of better moisture in Mato…
Hog futures were higher at the open on Wednesday, and quickly moved to strong gains. The hog index was up $.41 on Wednesday and projected another $.85 higher for Thursday. Additionally, the negotiated market continues to gain momentum and jumped $2.97 on Wednesday. Over the last several months on average, the average daily slaughter…
