Bottom Line: Since China’s auctions began on May 3, a total of 23.3 MMT (917 Mil Bu) of corn has been sold. Auction prices are substantially lower than last year. However, the price of corn at Guangzhou (in the feed-deficit southern part of the country) is much higher than the cost of imported feed…
** AgResource Daily Cattle Analysis: Cattle futures were mostly firm on Thursday, and a steady outlook is offered for early trade this morning. Following a weaker start to the morning, August cattle traded down and found support under the 50 day moving average and were just below unchanged at the close. The beef market is…
** 6:30 AM CST CBOT Prices: July soybeans are up 3.00 cents at $9.3775, July corn is down .50 of a cent at $3.79 while July Chi wheat is down 4.00 cents at $4.575. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mixed has been the overnight CBOT as traders prepare for the weekend.…
Bottom Line: ARC suspects that total EU feed demand may be less than what the USDA currently projects and/or that feed wheat may account for a larger share of total grain feeding. Another possibility is that quantity of grain and meal fed to livestock in the EU will be smaller than projected. The USDA is…
GFS Drier into July 1st; Models in Better Agreement: The GFS trended drier in the 6-15 day period, while the EU trended a bit wetter, and so the models are in much better agreement. The theme of the next two weeks is that some areas will benefit from upwards of 1-3” of rainfall – which…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
