After a steady start to the day, selling in the hog market resumed and futures were off $.40-.875 through April. October marked the lowest close since late April at just under $64 and December briefly traded at a new low for 2017. The hog index was down $.84 at $82.35 and is projected to be…
US Pattern Little Changed through Sep; Tropical Storm Risks Elevated: The graphic at left displays 30-day % of normal rainfall, and clearly recent moisture across the Plains and far Western IA has been a blessing for producers there. But quietly severe dryness has been established across the Eastern Corn Belt, and the concern heading into…
The meteorological autumn U.S. climate forecast is based on persistence, analogs and the NCEP CFS V2 and ECMWF models.
AgResource Daily Farm Marketing Advice for Tuesday: 1/ No new advice. The morning CBOT trade again features weaker grain markets and steady/higher oilseeds. US and European wheat contracts continue to reel from Black Sea harvest data, which in Russia points to a final crop size of 80-82 MMTs, which in turn will send end stocks…
Bottom Line: Brazil’s corn export “commitments” were estimated to be 12.96 MMT as of Aug 18. That’s up 73% from a year ago and is a record (for this week). Ship lineups indicate that 6.18 MMT could be shipped in August vs last year’s shipments of 3.08 MMT and Brazil’s SECEX “official” August 2016 shipments…
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