Bottom Line: Last week, Brazil shipped 776,000 MMT of soybeans. That’s down from the previous week but 520,000 MT more than a year ago. Brazil’s export “commitments” are a record 59.5 MMT, up 20% from last year. USDA is projecting annual exports to rise 21%. Export commitments are now almost at the pace that “on…
** AgResource Daily Cattle Analysis: Cattle futures closed higher last week, and a steady outlook is offered for early trade this week. The August Cattle on Feed report did not offer any significant surprises, with placements at 103% of year ago (expectations of 106%), marketings were at 103% (expectations of 105%), while August 1st feed…
** 6:30 AM CDT CBOT Prices: Nov soybeans are unchanged at $9.445, Dec corn is down .75 of a cent at $3.5275 while Dec Chi wheat is down 4.25 cents at $4.31. ** AgResource AM Grain & Oilseed Comment: Good Morning! Moderate volume and mixed has been the theme of CBOT trade to start the week.…
Historic rainfall and flooding woes plague Houston all week.
** AgResource Pre Opening Sunday Market Calls: Soybeans 1-3 cents higher, corn steady to 1 cent higher with wheat called steady to 2 cents higher. ** Sunday Weather & Market Comment Discussion: Opening week CBOT calls are steady to higher. There is still around 22-23% of the Midwest that is in rather dire need of…
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