Wheat futures ended marginally weaker in a session lacking news and activity of any kind. EU markets followed, and global fob offers for Jun-Jul are unchanged. Managed funds as of May 9th held a net short position worth 108,000 contracts, down 17,000 from the prior week and down 54,000 in two weeks. Fund short liquidation…
July corn ended a penny higher amid limited news. Planting progress was active this week across the Plains & Western Corn Belt, and should be very active across the Eastern Corn Belt this weekend and early next week. The highlight today, though, is a much greater than expected fund net short position as of Tuesday,…
The recovery in Malaysian palm oil supplies continues to happen, but very slowly.
US Forecast Wet through end of May; Also Warmer: The US weather pattern through the very end of the month is little changed from prior runs. Active precip will be featured over the next 10-12 days – and likely beyond – and the risk of flooding in the near term will be centered on the…
Hogs were higher at the open on Friday and marked higher closes for both the day and this week, with the strong gain noted in July which had the best weekly finish since early February. Technical demand in summer futures developed after the markets held key levels on Thursday, while cash prices continue to gain.…
