Seasonal Weather Forecast in Plains; Wet Pattern Continues in East: The GFS trended a bit drier across the Central US in the 6-10 day period, but AgResource doubts a lasting period of dryness lies in the offing. Already, showers are forecast to impact areas east of the MS River June 3-6, and soaking precip…
NASS is expected to report initial national crop condition ratings for the 2017 corn crop next week. Individual state crop reports have included ratings as the information has been available, but so far the results have been sharply mixed. GD/EX ratings across the Delta and Southern states have so far been higher to sharply higher,…
It was a mixed day of trading in the hog market that left futures unchanged or higher. June marked the strongest gain and closed over $80 for the first time, and stopped just short of the contract high reached back in October. July was down a tick for the day while the rest of the…
Early morning strength quickly found selling, that kept soybean and product markets under pressure into the close, with weaker S American currencies thought to be freeing up Southern Hemisphere supplies. The Argentine Peso this week has slipped to a new all time low, while the Brazilian Real holds at a 5 month low. Commodity fund…
** CBOT grain and soy values are weaker in continued slow volume. Monday’s buyers are Tuesday’s sellers as market choppiness prevails. The AM bearishness is tied to the ability of US farmers to seed around frequent heavy rains and keep up with the 5 year average planting dates. The ’17 seeding progress has been surprisingly…
