The US weather pattern is still too cold across the Eastern Corn Belt, but elsewhere conditions will be very close to normal. Wheat’s ongoing correction is not helpful in finding summer feed consumption, and some position squaring is noted ahead of Wednesday’s USDA May report – in which the trade expects a very modest decline…
US wheat futures fell moderately after the CFTC on Friday revealed smaller than expected net short position in Chicago. However, US crop conditions fell with July CME having filled an open chart gap left after last week’s Monday gap higher rally. A bearish outlook is not advised. New crop world wheat ending stocks in Wednesday’s…
Mostly Normal Climate Projected; Eastern Midwest Still Cold: A more normal pattern of rainfall and temps lies in the offing for a majority of the Central US through the later part of May. The Eastern Corn Belt, however, will remain much cooler than normal through the next 10 days, which despite relative dryness moving forward…
The hog market was generally higher at the open on Monday and able to build on last week’s strength, for a higher close. The hog index started the week $1.31 higher at $63.55, while the weekend slaughter data projects $1.24 higher for Tuesday. The load lineup for this week showed 1.96 million head scheduled…
The Commitment of Traders report showed that managed money funds are still holding a huge short positions in Chicago wheat, corn and soybeans worth 356,935 contracts, a reduction from the previous week – a record 407,000 contracts. Managed funds as of last Friday held a combined short position in corn, wheat, soybeans and soy oil worth 386,323 contracts –…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
