World Wheat Trade Flows
Global wheat demand lacks growth, but which major exporting countries get the bulk of world trade is the critical issue.
Afternoon Weather Update
Midwest Dry, South Very Wet; Harvey Strengthens: This week’s drought monitor showed widespread improvement in ND, NE and much of Western IA following recent precip. However, drought and abnormal dryness has by no means been eliminated. And amid a severe lack of moisture in the next 10 days, ARC expects conditions to be little changed…
Wheat Rallies Modestly; Bottom Likely
US wheat futures ended higher, EU futures ended steady, and chart action suggests a seasonal bottom was scored this week – and certainly the time is right. US export sales were in line with trade estimates, though over time ARC looks for a decent boost in demand, and amid strength in the euro today…
Corn Stabilizes; Crop Tour & Fund Position Awaited
Fresh news is again absent, and the market anxiously awaits Farm Journal’s official US yield forecast, which ARC has noted is a fairly good indicator of NASS yield changes in September. Export sales were unexcited, though we do mention that as South American exporters find record demand, basis there continues to inch higher, and…
Hogs Bounce On Oversold Conditions
Early selling took October hogs to new lows, but the break found good support that carried prices higher into the close. The hog index was $1.04 lower at $80.49 and projected another $1.09 lower for Friday, and will be under $80 for the first time since early June. The Actual Slaughter report with data…
