Not Seeing Any Significant Rain Threat in Midwest for Late August/Early September
Climate Impact Company updates the U.S. week 2-4 outlook
Canadian Crop Update
AgResource has further lowered Canadian wheat and canola production. What does this mean for exports there?
Soybeans Gain Through Thursday Trading
Soybeans were higher overnight and were able to add to gains through the day. Support came from a rally in soyoil and new crop export demand. Commodity fund traders were estimated buyers of; 6,000 soybeans and 3,000 soyoil contracts. With just 3 reporting weeks left in the 16/17 US marketing year there remains 5…
Liquidation In Hogs Continues Through Thursday
October hogs were lower at the open on Thursday and selling continued into late in the day. October fell back under both the 50 and 100 day moving averages, before finding support under the contract’s 200 day moving average. Funds began liquidating their hog position in mid July, and selling has increased this week as…
Corn Probes for Bottom; Modest Fund Selling Continues
Corn futures continue to drift lower, as so far bottom-picking has been lackluster. There’s just been no push back against the post-USDA decline in US grain futures, and Dec looks to target its previous contract lows at $3.59. ARC maintains a strategy of patience, as more evidence suggests NASS’s first guess at national yield is…
