2017 US Corn Pollination by State
With the US corn crop now 50% emerged, AgResource forecasts pollination dates in each major corn producing state.
Afternoon Weather Update
US Favorably Drier Nearby; Little Change in Overall Climate, However: The EU & GFS models still lack agreement on the near term forecast, but NOAA’s latest QPF, which has trended slightly drier, still suggests yet more heavy rainfall across the wettest areas of the Midwest on the weekend. Thereafter, a favorable mix of rain and…
US, European Wheat Markets End Steady; Egypt Again Interesting
Wheat futures across the world ended steady to higher, led again by contracts in Minneapolis as the majority of the N Plains will remain parched through the next 10 days. Recall abnormal dryness reappeared across the Dakotas and E Montana in last week’s drought monitor. This looks to expand in the next 10 days, if…
Corn Adds Premium Following US Crop Condition Rating
NASS’s first nationwide corn crop rating came in noticeably below expectations. Early season yield models suggest a national yield no better than trend, and the market added a bit of weather premium. July corn is yet again testing the upper end of technical resistance against $3.80. We note that near term, US weather will…
Hogs End Strong At Midweek On Technical Buying
Hog futures were higher at the open, and rallied to strong gains on Wednesday. Summer prices finished at new contract highs, while December broke out of a month long trading range and marked the best close since March. The hog index was 11 cents higher at $76.45 and projected 8 cents better for Thursday, and…
