** AgResource Daily Cattle Analysis: Cattle futures closed with strong gains on Monday as the market adjusted to last week’s sharply higher cash trade. October cattle are trading without price limits and were $4.20 higher while December traded to, but closed nearly $.50 under the daily $3 limit. All months from December forward, traded to…
** 6:30 AM CDT CBOT Prices: January soybeans are up 2.25 cents at $9.865, Dec corn is down .25 of a cent at $3.485, while Dec Chi wheat is up .5 of a cent at $4.25. ** AgResource AM Grain & Oilseed Comment: Good Morning! Reduced volume and mixed has been the overnight CBOT trade with corn, soybeans…
** 6:30 AM CDT CBOT Prices: January soybeans are up 2.25 cents at $9.865, Dec corn is down .25 of a cent at $3.485, while Dec Chi wheat is up .5 of a cent at $4.25. ** AgResource AM Grain & Oilseed Comment: Good Morning! Reduced volume and mixed has been the overnight CBOT trade…
Elevated sorghum potential will certainly help the gap left by reduced wheat production eastern Australia’s feed market.
Brazilian Forecast Still Wet; Regular Rains Needed: The major forecasting models maintain an expansion in seasonal rainfall over the next two weeks. Should the forecast verify, Brazilian soybean seeding and germination will be accelerating rather quickly into mid-Nov, but we do mention rainfall to date in C Brazil remains spotty, and a steady pattern of…
