Early selling in soybeans, found good demand that put soybean prices 4-6 cents higher at the close. Soyoil led the complex higher on Friday and recovered all of Thursday losses, while soymeal held above unchanged. Funds were estimated buyers of; 4,000 contracts each in soybeans and soyoil and 1,000 contracts in soymeal. The…
February hogs marked slight gains in the last day of 2017, while the rest of the market was slightly weaker. Summer hog contracts all pushed to new contract highs at midday, and all were lower at the close on, while the cash hog index was down a penny. The chart plots the 160 day…
A moist fetch around the South Atlantic semi-permanent high pressure zone ignites a wet pattern for Argentina while Brazil turns drier in the week 2-4 ahead outlook.
** CBOT Midday Market Comment: The AM has been slightly lower in thin volume at the CBOT. Fund managers may want to push their profit cause and protect their heady large net short positions with new CBOT sales into the close. Managed money is going to go into the New Year with their largest…
Our point estimate for next week’s export inspections is 1.0 MMT (37 Mil Bu). If this is correct, that would be down 283,000 MT (22%) from last week. In addition, this week’s ship lineup is 2.008 MMT. That’s down 2% from last week and below last year’s 2.448 MMT. There were 12 vessels to-be-nominated (TBN). That is 7 more than last week but less than last year’s 22…
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