** 6:30 AM CST CBOT Prices: January soybeans are up 2.50 cents at $9.78, March corn is up .75 of a cent at $3.485, and March Chi wheat is up 1.50 cents at $4.125. ** AgResource AM Grain & Oilseed Comment: Good Morning! Moderate volume and slightly higher has been the overnight CBOT trade. Corn,…
The winter 2017-18 climate pattern for the U.S. is locking in with a cold bias near the U.S./Canada border and warmer than normal in the South.
Summary: Surprises in the December report were confined to WASDE sharply raising its use of US soyoil in the production of biodiesel. WASDE raised their estimate of US soyoil to be used for biodiesel to 7,500 Mil pounds (up 500 Mil pounds from November and up 1,300 Mil pounds more than a year ago). Understanding…
Hogs were lower at the open on Tuesday and continued lower into late in the day. It was a grind lower with the day’s trade developing in a narrow $.575 range, before ending near the lows of the day. At the close, February hogs were under the 100 day moving average and just above the…
Bottom Line: For the first time in the last nine tenders, Egypt’s GASC bought some wheat from an origin other than Russia. GASC bought 60,000 MT from Romania and 235,000 MT from Russia. On a FOB basis, the average price paid was $193.29/MT, up $0.14 from the last tender (on Nov 28). The CIF price was…
