Global wheat futures ended lower today, with HRW contracts now leading the way to the downside on a higher than expected KS wheat estimate from this weeks’ tour. Crude fell sharply, with triggered a massive correction in Russia’s currency, which in turn boosts Russia’s export potential, and forecast in the Black Sea in recent days…
Corn futures followed other markets to sharp losses, and fresh input today is mostly negative. ARC doubts that a lasting period of warmth will develop across the Eastern Corn Belt, PA and New England until the second half of the month, but otherwise a more seasonal US weather pattern lies in the offing. Argentine harvest…
US Weather Pattern More Normal Mid/Late May; Drought Nearly Eliminated: Excessive and unwanted rain will continue to work across the Eastern Midwest & New England over the next 24 hours, but otherwise a more normal spring climate lies in the offing. Cool temps will also persist into the middle of next week across the Eastern…
AgResource takes a look at how US export shipments to date compare to the USDA’s annual forecasts.
Soybean prices at the CME were just below unchanged at the end of mixed trading on Thursday as the grain markets sank. The meal market traded inside was just below unchanged at the close, while bean oil marked a 5 week high and then settled lower. Commodity fund traders were estimated as net buyers of…
