US wheat futures ended modestly lower, as Russian harvest updates suggest yet further upward revisions to crop size. ARC is dubious of a Russian crop size of more than 80-81 MMTs, but data does suggest the USDA is still too low with its (record) 77.5 MMT estimate. We also mention that higher estimates will simply…
Dec corn fell another 3 cents on additional rains fell across IA in the last 24 hours, and as fresh demand news is still lacking – something typical of mid-August. Crop conditions were unchanged, and the entirety of the market awaits Pro Farmer’s yield result on Thursday evening. The results so far been highly variable…
Heavy Rains Benefit IA; Limited Follow Up Moisture Projected: Heavy isolated rainfall worth upwards of 3-4” has fallen across the drier areas of western and southern IA in the last 24 hours. This system diminished rather quickly as it moved east, and diminished amounts are indicated across the E Midwest through the week ahead. The…
Selling in the hog market resumed at Monday’s open, taking October and December contracts back towards lows traded at the start of the month. The hog index was down $.51 at $83.19, and is projected another $.83 lower for Tuesday. The USDA called negotiated trade for Monday down $1.51, as packers have no problem finding…
November was an inside day of trading for November soybeans, that left the market just below unchanged at the close. The USDA announced export sales of 661,000 MTs of new crop soybeans that are likely from last week’s signing ceremony, while export inspections were above expectations at 25 Mil Bu. Commodity fund traders were estimated…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
