Corn bucked off a stronger US dollar and unchanged South American cash markets, and settled 1-2 cents higher. US yield data so far suggest NASS’s Sep estimate is relatively accurate, or at least within 1-3 Bu of final. Export sales on Thursday will no doubt be unexcited. But ARC in recent days has mentioned the…
Pacific influence causes a milder adjustment to the quarter 4 of 2017 U.S. climate forecast.
Hogs were firm at the open and continued higher through Wednesday’s trading, with December leading the way higher and extending the lead against both October and the cash market. At the close, December had gained $1.55 for the day, while the lean hog index was down $.68 at $56.98 and is projected $.73 lower for…
Early selling in November soybeans found good demand under the 100 day moving average, and soybeans traded up into late in the day to close 2 cents higher. In the soy product markets, meal end firm while liquidation kept soyoil prices lower. Commodity funds were estimated buyers of 3,000 soybean and 1,500 soymeal contracts, and…
Bottom Line: US ethanol production was down 3.5% this week vs last. Stocks were lower too but above a year ago. ++++++++++++++++++++++++++++++++++++++++ US ethanol plants produced an average of 996k gals per day, vs. 1,033k week ago and 989k year ago. The week’s production was 293 Mil Gal, vs. 304 Mil week ago vs. 291…
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