Support For Cool Climate But Mostly Dry Climate Midwest
Chance of excessive rainfall in Iowa tomorrow and then its dry for awhile.
Weekend Commodity Wrap Up
Commodity Index The CRB/CCI index declined and confirmed a more bearish technical profile as prior week lows were exceeded. In fact, the drop below the July low argues for a retest of the June bottom when spot crude oil futures tested $40.00 support. ARC doubts that crude on this break can fall too far under…
Pro Farmer Crop Tour History
One of the largest private crop tours in the United States kicks off on Monday. The tour, organized by agricultural newsletter Pro Farmer, deploys teams of volunteer scouts to survey hundreds of corn and soybean fields across a seven state area of the Midwest. There is both eastern and western leg of the tour.…
Selling In Hogs Continued Through Friday’s Trade
Hog futures were lower at the open and traded weaker through Friday. At the low, October hogs were $5.90 under Wednesday’s high, and closed under the contract’s 200-day moving average. The hog index was down $.33 at $83.70 and projected $.51 lower for Monday. The afternoon hog report showed negotiated trade for Friday was down…
Wheat Finally Stabilizes; Fund Short Position Expands
US wheat futures stabilized on weakness in the US dollar and ahead of Pro Farmer’s tour of the Central US next week. The forecast in Canada through the end of August is nearly completely lacking in rainfall, which will aid protein but result in yet lower tonnages. Stats Canada releases its crop report on August…
