Weekend Commodity Wrap Up
AgResource breaks down the week in ag commodities.
Ukraine Corn Supply & Demand
Yield data in Ukraine so far has been pretty disappointing.
Afternoon Weather Update
Forecast Maintains Heavy Rain in Brazil; Argentina Favorably Drier 8-15 Day Period: The South American pattern over the next two weeks is little changed from prior runs. The forecast, overall, is viewed as non-threatening, though issues surrounding wheat quality and the pace of corn planting will persist. The GFS model’s projected 7-day change in soil…
Soybeans Rise Despite Funds Reducing Their Short Position
Old-crop soybean futures contract clawed back the 4 cents they lost yesterday. Soymeal futures managed to pick up 20-30 cents after losing more than $3 yesterday. The Dec contract is down over $16 from the high set 11 days ago. However, the Dec soyoil contract rose 0.33 of a cent after rising .25 of a…
Dec Corn Ends Weak Again; Fund Short Enlarged Further
Corn futures ended just slightly lower, and some soy-corn spreading is likely. Otherwise, there’s again a dearth of fresh news. South American weather, should the 15-day forecast verify, does appear favorable, and ARC expects yet more choppy, range bound trade next week. New selling will be lacking, though. Managed funds as of Tuesday were…
