The September Hogs and Pigs report once did not offer any major surprises, and relative to pre report estimates is viewed as neutral for hog futures. However, the report did confirm the largest September 1st hog herd on record since NASS began reporting the data back in 1973. The US breeding herd was at 101%…
Bottom Line: The range in trade expectations for the 2017 September Stocks Report’s wheat estimate is much larger than average. This suggests that the actual stocks figure will fall within the range of trade expectations. Even if the wheat figure is a “surprise” and falls outside of the range of expectations, the correlation between Stocks…
Climate Impact Company updates the North America week 2-4 outlook.
AgResource Daily Farm Marketing Advice for Thursday: 1/ No new advice. It’s been a mostly lower but mostly dull session in Chicago this AM. Corn, wheat and soybeans are down 2-5 cents, as grain export sales were near to below expectations, and even record weekly soybean demand couldn’t spark any meaningful fund beyond. Key USDA…
AgResource Daily Cattle Analysis: Cattle futures closed with strong gains on Wednesday and a firm outlook is offered for early trade this morning. December cattle were higher at the open and had gained $1.425 at the close. Feeder futures marked even stronger gains, though a similar chart gap in October is still another $2 higher.…
