Hogs were higher at the open on Friday and marked higher closes for both the day and this week, with the strong gain noted in July which had the best weekly finish since early February. Technical demand in summer futures developed after the markets held key levels on Thursday, while cash prices continue to gain.…
Friday was another slower/lower day that left both old and new crop futures slightly weaker at the close. The soy product markets were mixed, with soyoil marking strong gains while meal prices slumped lower. Commodity fund traders were estimated sellers of 1,500 soybean and 1,000 soymeal contracts, while buying 2,500 contract of soyoil. Better…
For about a year now, China’s Ministry of Agriculture (MOA) to form analogues of USDA inter-agency committees and put out a WASDE-like report. Below is the first projections for the 2017/18 year published by the China Agriculture Outlook Committee (CAOC). For comparison, we’ve provided the USDA’s S&D (published by the World Agricultural Outlook Board – WAOB).…
** “Boring/drab” best explains Friday’s CBOT trade with corn, soybeans and wheat trading either side of unchanged. Soy futures are slightly lower on the weakness in soymeal and on oil/meal spreading. There was a modest pick up in cash related soy selling from Argentina, but otherwise, Brazilian movement is slow. May CBOT futures expire today…
AgResource tracks the lineup of vessels at US ports in order to gauge the intensity of nearby soybean export demand. The table below shows the total tonnage of vessels waiting to load soybeans over the past four months. Also shown is USDA ‘s soybean export inspections for each week. Ship Lineup Data & Inspections…
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