March corn rallied another 2 cents, driven by another week of enlarged ethanol production, competitive offers at the Gulf and an otherwise lack of fresh news. The models are coming into agreement on Argentina’s weather pattern, and while regional showers of .25-.75” are probable in Cordoba, the remainder of the country looks to face another…
The pigs were stronger at the open on Wednesday and February managed to recover all of the early week losses by the close. It was another day of thin trade with the preliminary volume count showing just over 23,000 hog futures contracts changing hands through Wednesday, down slightly from the previous day, and again the…
Thin demand ahead of the holidays/end of year, and scattered storms across Argentina left CBOT soy prices drifting lower into midweek. Preliminary volume data showed just over 233,000 contracts traded through Wednesday, which is the thinnest day of trade for the month. Commodity funds were estimated sellers of 5,000 soybean and 4,500 soyoil contracts, and…
The Climate Impact Company quarter 1 through 3 of 2018 climate outlooks are issued and feature a warm winter, wet east/southeast Europe regime into spring followed by a hot summer of 2018.
** CBOT Midday Market Comment: ** Mixed with improved volume has been the AM CBOT trade with corn, soybeans and wheat trading either side of unchanged. Early selling was noted in soybeans and soyoil with end users taking a more proactive position on covering their forward soymeal needs. And fund managers – staring at record…
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