Corn futures settled 3-4 cents higher amid supportive outside markets (energy, currencies, equities), while next week’s May WASDE report is expected to include modest cuts to US and world corn ending stocks. Most interesting next week will be the USDA’s ideas on 2017/18 global grain demand growth? The US weather pattern through the…
US & European wheat ended the day slightly higher. Little fresh news is available, but more should be known about S Plains production potential by next week, as temps there already have reached into the 60s, 70s and low 80s. Outside markets were a bit more supportive, as the US dollar ended weak and settled…
US Forecast Cold in East; Normal Precip Indicated Through mid-May: Excessive rain is not indicated through the next two weeks, and a normal spring precip pattern will exist. Lite/moderate events will sweep through the Plains and Midwest every few days into May 20th, favoring the Central Plains and W Midwest. The forecast has also extended…
After a steady start to the day hog futures pushed to new highs in the first half of the day, and turned back down on profit taking in the last half. At the close, June and July were slightly weaker and the rest of the market higher. The hog index was $1.10 higher on Friday…
Soybeans were higher at the start on Friday and traded up for much of the day, with support coming from chart related buying as well as a surprising daily export sales announcement. However, selling developed midday that took soybeans off the highs and left prices mixed at the close. Commodity fund traders sold 3,000 soybean…
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