The USDA’s June reports are viewed as neutral to slightly bearish, in that US and world wheat and soybean end stocks were raised. US Corn stocks held steady despite the trade calling for a very modest decline, and some initial selling pressure was noted just after the data was released. However, markets at midday are…
The climate predictors are now more in-line as confidence increases that a hotter than normal summer regime across the U.S. is ahead.
AgResource Daily Cattle Analysis: Cattle futures were lightly mixed, but little changed at the close on Thursday, and a steady outlook is offered for early trade this morning. Cattle futures traded on both sides of unchanged through Thursday with an early rally finding limited follow through while breaks later in the day found support under…
Funds await new balance sheets, as well as extended weather forecasts, before establishing new position.
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