** USDA December Report Analysis: The USDA December Crop Report was seen as mixed to slightly bearish with WASDE deciding to cut US wheat and soybean exports in the 2017/18 crop year, while raising ethanol demand in corn by 50 Mil Bu. In aggregate, the December WASDE report is unlikely to alter prevailing CBOT sideways…
A stratospheric warming event forecast just before Christmas causes arctic air generation in Canada likely to seep southward into the Midwest U.S. spreading east toward New England.
Bottom Line: Brazil exported 1.05 MMT of corn last week. In comparison, US inspections were just 658,000 MT and Argentina’s exports were 414,000 MT. Brazil’s corn exports are up from the previous week and eleven times more than what was exported in the same period last year. Brazil’s corn export “commitments” were estimated to be…
** AgResource Daily Cattle Analysis: Cattle futures closed lower at the start of the week, and a steady outlook is offered for early trade this morning. Live cattle traded a broad range around unchanged through the day, and closed lower on late day selling. Feeder futures were on both sides of unchanged through…
** 6:30 AM CST CBOT Prices: January soybeans are down 1.00 cent at $9.815, March corn is up .50 of a cent at $3.495, and March Chi wheat is up 1.0 cent at $4.145. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mixed and little changed is the CBOT following a back and forth…
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