US & World Cotton Supply and Demand
AgResource discusses this year’s rally in cotton, and also what’s likely to happen in the next several months.
Afternoon Weather Update
US Forecast Somewhat Drier 8-15 Day Period; Climate Forecast Cooler into late June: The details of this weekend’s system have been fine-tuned, and the outlook through the middle of next week has trended wetter in the Central and Eastern Midwest. A much cooler pattern is still scheduled to begin by early next week, and looks…
Wheat Extends Rally; Trades Above 20-Day Moving Average
July CME wheat rallied 10 cents, with slightly better gains noted at other exchanges. Crude oil also rallied sharply, thereby supporting currencies in Russia, Canada and Australia, and the US market remains very competitive for early summer export demand. ARC also mentions that managed funds through Tuesday increased their net short Chicago wheat position to…
Corn Rebounds with Brazilian Real; Soaking Rain Working Across Midwest
The Brazilian real captured roughly half of Thursday’s loss, and in general it was a much better day for raw materials. Crude rallied $1/barrel, with ethanol margins rising slightly. Prevailing trends still include much cheaper South American offers beginning in July, but also a falling US dollar and cool/wet Central US weather, and as such…
Hogs Extend Weekly Gains Ahead of The Weekend
An early break in the hog market again found good demand that carried hogs higher into the close on Friday. July again marked the best gain for the day, settled at a new contract high, and was above $80. The hog index was up $.78 at $74.92 and projected $.63 higher for Monday. A year…
