** AgResource Daily Cattle Analysis: Cattle futures gave back almost all of Monday’s gains through Tuesday’s trading, and steady outlook is offered for early trade at midweek. A higher start to the morning found limited demand on Tuesday, prices fell sharply through the first half of the morning. At the close August was off $3.25,…
** 6:30 AM CT CBOT Prices: November soybeans are up 1.50 cents at $9.19, December corn is up .75 of a cent at $3.7825 while September Chi wheat is up 1.50 cents at $4.705. ** AgResource AM Grain & Oilseed Comment: Good Morning! The overnight CBOT trading session has been a waiting game! Traders are…
There are many differences in supply & demand between this year and last, but the price outlook is the same.
In this week’s newsletter, we take a look at quarterly US wheat stocks, as well as the pace of new crop US export sales to date. US yield models are also updated to reflect NASS’s latest condition reports. Download Report
US Forecast Cooler Next Week; Longer Term Pattern Uncertain: The EU and GFS end the day in good agreement, and both have trended a bit cooler across a bulk of the Central US in the 6-10 day period. High pressure Ridging is still forecast to expand beginning Sun/Monday, but it’s no longer forecast to be…
