** 6:30 AM CDT CBOT Prices: January soybeans are up 1.00 cent at $9.7525, Dec corn is down .75 of a cent at $3.4175, while Dec Chi wheat is down .5 of a cent at $4.2375. ** AgResource AM Grain & Oilseed Comment: Good Morning! Mixed and rather average volume has been the CBOT overnight.…
Hog futures were back and forth at the start of the week, but finished little changed as neither rallies or breaks were able to get much traction. The cash hog market continues to trade softer as packers try to widen out margins. The hog index was down $.47 at $67.47, and the weekend slaughter data…
The Russian ruble found new lows for the recent move, and as such lowered the cost of replacement in interior markets across the country. Russian fob offers this evening are unchanged, but the market seemed to have slowed demand above $196/MT, basis spot, and so we expect both rallies and breaks to struggle into the…
Weaker major exporting currencies and a lack of fresh export news sent corn to minor losses, though Dec managed to hold above prior lows. The market lacks a story on both sides for now, and until more is known about the duration of Argentine dryness, and whether it persists into December, both the bulls and…
Brazilian Forecast Wetter; Argentina Dry Next 10 Days: The EU and GFS model are in good agreement on a much more expansive pattern of rainfall impacting Brazil in the 6-15 day period. Both also agree that little or no rain will fall across key Argentine crop areas in the next 10 days. Better rain chances…
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