Following lower overnight trade, the soybean market continued lower in a mix of technical trading and selling in the soyoil market. Commodity fund traders sold; 7,000 soybean, 2,000 soymeal, and 9,000 soyoil contracts. The EPA on Tuesday said that will seek comments on potential reductions to both biodiesel and the advanced biofuel RFS targets for…
In the annual Land Values report last month, NASS reported a modest increase in US farm real estate values in 2017. The data is survey based, and collected in the first 2 weeks of June when NASS enumerators collect data for the June Area Survey. NASS reported that the average price of 1 acre of…
US wheat futures ended marginally lower, EU & Black Sea cash prices are unchanged, overall the wheat market was rather listless today. Funds in Chicago sold a net 1,000 contracts, and are estimated to be short a net 74,000 this evening. We do highlight the recent bounce in spring wheat’s premium to other…
The EU & GFS models continue to pull a Brazilian pattern change further into the nearby time period, and confidence is rising with respect to soil moisture being replenished in Central Brazil over the next 10 days. The US dollar has recovered well from early Sep’s low, and ARC mentions US interior basis has been…
US Forecast Drier in Midwest; EU & GFS in Better Agreement: The GFS model cut its forecast for rainfall in the Central Plains & Western Midwest next week, and so a lasting period of dryness is most likely across the principle Corn Belt. The US Weekly Drought Monitor into mid-Oct will show further expansion of…
