Friday was a quieter trading day that left soybean prices 4-5 cents lower, but still up more than 20 cents for the week. Meal finished slightly weaker, while December soyoil marked the 2nd consecutive close over the contract’s 200 day moving average. Commodity fund traders were estimated sellers of 7,000 soybean contracts, and 2,000 contracts…
AgResource has discussed how the Western Corn Belt is now “ground zero” for US corn yield changes, and overnight precip was a bit widespread across C IA than expected. Additional precip will linger across N IA, MN, WI and N IL in the next 24 hours, but a major North American weather pattern shift is…
Overnight rain across pockets of the Western Corn Belt triggered profit taking/new selling in US grain futures, and wheat was not immune. Harvest in Europe & the Black Sea is ongoing, and we do mention yields reported in Ukraine have improved. Otherwise, world cash markets this evening are little changed, mostly due to even newer…
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** The CBOT is mixed in rather tame volume with the summer row crops weaker, while the wheat market is firmer. The AM selling has taken back a portion of Thursday’s gain. However, for the week, September corn is up 7 cents, September soybeans are up 7 cents while September Chi wheat is down 4…
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