** AgResource Daily Cattle Analysis: Cattle futures ended last week lower, and a steady/weaker outlook is offered for early trade this morning. Cattle and feeder cattle markets were lower at the end of last week’s trading despite steady cash trends; though the December Cattle on Feed report is viewed as bearish, which looks to pressure…
** Pre 8:30 AM CST CBOT Price Calls Are; Soybeans 1-3 cents higher, corn steady to 1 cent higher with wheat called 1-2 cents higher. ** AgResource AM Grain & Oilseed Comment: Good Morning! Welcome back from the Christmas Holiday and the final days of 2017. The CBOT was closed overnight for Christmas Day and…
Extreme cold moves into the U.S. this week affecting the northern Plains, Midwest and NY/New England in the most harsh manor and extending into the 6-10 day period. Moderation is forecast to follow.
AgResource breaks down the week in ag commodities.
Our point estimate for next week’s export inspections is 1.60 MMT (59 Mil Bu). If this is correct, that would be down 175,000 MT (10%) from last week. In addition, this week’s ship lineup is 2.057 MMT. That’s down 21% from last week and below last year’s 2.373 MMT. There were 5 vessels to-be-nominated (TBN). That is…
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