** 6:30 AM CST CBOT Prices: July soybeans are up 1.75 cents at $9.145, July corn is up 4.00 cents at $3.71 while July Chi wheat is up 3.25 cents at $4.3275. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mostly higher as been the overnight CBOT trade as the markets react to the…
** Soybean Acres Tend To Increase In June Report: With the summer row crop planting season winding down, and the USDA’s June acreage survey approaching, the market focus will increasingly turn to expectations for the June acreage report. The chart plots the historical changes in acreage estimates between the March Prospective Plantings report and the…
After a steady start to the week, hog futures quickly turned South, and traded lower through the day on Tuesday. June marked the largest loss and was off more than $1, July was down $.90, while December gained a nickel. The hog index was up $.09 at $76.34, and the weekend slaughter data projects 10…
Somewhat expectedly, CBOT futures start the summer season lower on a modestly improved US forecast. Additional soaking rain is absent through the next 10 days, and temps will eventually reach into the mid/upper 70s across much of the Corn Belt by mid-July. Planting and emergence dates continue to track close to normal, though crop conditions…
Wheat futures followed corn & soybeans to moderate losses, though as the US dollar weakens Gulf wheat remains rather competitive in the world market for spot delivery. Russian cash prices have rallied slightly and origination issues persist, and Gulf SRW is not only the world’s cheapest origin, but also holds a sizeable discount to EU…
