** 6:30 AM CST CBOT Prices: July soybeans are down 19.75 cents at $9.56, July corn is down 6.50 cents at $3.65 while July wheat is down 4.00 cents at $4.23. ** AgResource AM Grain & Oilseed Comment: Good Morning! “Problems for Presidents” can best explain CBOT grain price action in the past few days.…
Hogs were higher to start the morning, but quiet back and forth trading through the day led to liquidation ahead of the close. June finished just above unchanged and other hog contracts closed the day mixed. The hog index gained $1.07 to $73.01 and is projected $1.13 higher for Thursday. The pork cutout was $2.50…
US Forecast Wetter Nearby; Wet/Cool Pattern Possible through Mid-June: The major forecasting models have trended just a bit wetter through early next week, with cumulative totals now estimated in a range of 2-4” across OK, KS, MO, NE, IA and W IL through next Mon/Tues. Otherwise the outlook is little changed, and a shift to…
July corn rallied 4 cents on fund short covering, a decent boost in weekly ethanol production and as Egypt’s tender results today triggered widespread uncertainty over the availability of Black Sea grain in the next 30-45 days. Active planting in the E Midwest through the next 48 hours (and all of this week) tempered the…
US & European wheat futures rallied to modest gains, but ended off session highs amid a lack of follow through interest. Planting will accelerate in Canada, and still there are no signs of lasting heat or dryness in Europe and Russia. However, Egypt’s tender results at midday confirmed just how competitive US Gulf wheat is…
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