2018 Total US Wheat Supply & Demand
AgResource takes a look at US wheat supply & demand in 2018 using various yield scenarios.
Afternoon Weather Update
Argentine Forecast OK; La Nina Still an Issue: The graphic below displays 7-day rainfall accumulation in South America. Coverage in Argentina so far has been generally below prior expectations, though two frontal systems are projected into the later part of next week. Climate models, overall, maintain drier than normal weather there and in Northern Brazil…
Soy Futures Close Down To Start The Week
Following a higher start to the morning, soybeans quickly turned down, shrugging off the morning’s export sales announcement and inspections data. Soymeal is where funds still hold the largest position, and it was the meal market that lead prices lower. Commodity fund traders were estimated sellers of; 8,000 soybean, 3,500 soymeal, and 2,000 soyoil contracts.…
Hogs Turn Lower To Start The Week
A higher open and early market strength was short lived on Monday. February hogs were back below unchanged at midday, and more than $1 lower at the close on chart related selling and liquidation ahead of Friday’s USDA report. The hog index was down $.53 at $64.11, and projected another $.93 lower for Tuesday. …
Wheat Maintains Strength; Bearish News Digested
US & European wheat futures ended slightly higher, mostly amid a noticeable lack of new selling. As of last Tuesday managed funds were short a near-record 158,000 contracts in Chicago – and were short a record 32,000 contracts in KC. Meanwhile, HRW basis levels continue to strengthen and there are hints that a much colder…
