Mostly Drier Than Normal in The Great Plains for September
Given the likely topical influences bringing wet weather risk to the Gulf region and East Coast the Central U.S. is mostly dry in September.
Steady as She Goes in Cattle; Midwest and Plains Weather Dry into September 14th
** AgResource Daily Cattle Analysis: Cattle futures marked modest gains at the end of Wednesday’s trading, and a steady outlook is offered for early trade this morning. Selling after the open had October cattle test last week’s low, where the market found good demand that carried the cattle market higher into the close. October settled…
CBOT Awaits Stats Canada Production Report; Midwest Weather Arid into September 14th
** 6:30 AM CDT CBOT Prices: November soybeans are up .5 of a cent at $9.3375, Dec corn is steady at $3.455 while Dec Chi wheat is up 1.25 cents at $4.31. ** AgResource AM Grain & Oilseed Comment: Good Morning! Low volume and mixed has been the last overnight CBOT trade in August. Just over…
Hogs Bounce On Short Covering/Oversold Conditions
Wednesday was an inside day of trading in the hog market, that left futures higher at the close. Fundamentally, there is nothing new to report with cash trends still pointing lower. However, the CME caught support on limited selling interest and very oversold conditions. The hog index was down $1.08 at $75.68 and projected $1.09…
Soybeans Again Grind Lower Through Midweek
It was another dull day of trade in the soy complex at midweek that left futures 3-4 cents lower at the close. Meal was $1-2/ton lower, while soyoil bounced back in technical trade after closing a chart gap on Tuesday. Commodity fund traders were estimated sellers of 3,000 soybean & 2,000 meal contracts, while buying…
