Dec corn rallied very slightly, but again traded in just a three-cent range. End user demand continues on breaks as cattle prices inch higher, barge freight declines and spot ethanol production margins are still decent – though have fallen some $.30/gal in the last two weeks. The very latest weather model runs still lack…
US Forecast A Bit Wetter in 8-15 day Period: Heavy showers are expected across much of the Central US in the next 2-3 days, and confidence is rising with respect to some measure of follow up precip in mid-October. NOAA’s 8-14 day outlook is at left, and the precip forecast in particular has trended much…
After a steady start to the morning, hog prices turned down at midday and technical selling kept futures lower into the close. October and December were each off more than $1 for the day, but still higher for the week. The CME’s lean hog index was up $.36 on Friday at $55.33, and will be…
Soybean prices eased overnight on profit taking, but firm grain prices and improving cash basis supported higher trade through Friday. At the close, November was up 4 cents for the day and 5 cents higher for the week. Funds bought 4,000 soybean and 2,500 soymeal contracts, and sold 1,500 in the soyoil market. The…
Pork exports in August totaled 418 million pounds, up 3 million from a year ago and the largest August export figure since 2012. August exports increased were unchanged or higher to nearly every major destination, with the exception of Japan, where exports were at 91% of a year ago. However slower exports to Japan were…
