Weekend Commodity Wrap Up
AgResource breaks down the week in ag commodities.
US Soybean Crush in November
NOPA reported a soybean crush total of 164 Mil Bu for the month of November, which was down slightly from last month but 3 Mil Bu larger than a year ago. Based on the NOPA data, we estimate a total US November crush rate of 174 Mil Bu. The chart also reflects month estimates needed…
Hogs Extend Late Week Gains Through Friday
A lower start to the morning found good demand, and hog futures moved higher into late in the day. February marked the best close for the day and was up $.90, while June hogs closed back above the 50 day moving average. The lean hog index was down $.22 at $64.64. IA State…
Soybeans End Near Unchanged For Friday
Soybeans traded both sides of unchang on Friday and ended near unchanged at the close. Overnight and early morning strength gave way to selling following the NOPA report, while concerns for the extended Argentine weather forecast offered late day support. Fund traders were estimated sellers of; 5,000 soybean, 2,500 soymeal, and 4,000 soyoil contracts. …
A Warm Bias To U.S. Winter From La Nina
So far, despite brief periods of cold the U.S. is super warm for December 2017. The second half of the month according to the midday operational GFS (model) as depicted by Storm Vista Weather Models indicates eastern Canada turns frigid but most of the U.S. remains warmer than normal. What climate factor is the leading cause of the warm start to winter?
