U.S. March, April and May Outlook
Climate Impact Company updates the meteorological spring 2018 outlook.
Climate Impact Company updates the meteorological spring 2018 outlook.
Hogs rallied through Thursday trading, and at the close April hogs were back above the 200 day moving average and June was barely over it’s 50 day average. The cash index continues to work lower and was down $.63 at $70.78, while Friday’s projection is another $.60 lower. This puts the weekly loss at $3.31.…
It was a quieter day of trade in the Chicago soy markets, with both soybean and meal marking narrow inside trading day before closing slightly lower. The Buenos Aires Grain Exchange lowered their soybean production estimate by 3 MMTs from last week, in their weekly crop report to 47 MMTs. The Exchange noted that…
Wheat futures ended modestly higher amid limited news, though we mention the US dollar continues to struggle on rallies and yet to change its longer term bear trend. US wheat is still in no position to boost its share of world trade, but the market is getting guidance from rising world prices, including Russia, where…
March corn found support just above its 20-day moving average, and ended slightly higher amid a stream of mostly positive news. Ethanol production rebounded, Argentine crop estimates have been revised lower this week, and export sales Friday AM should again be in a range of 50-80 Mil Bu – well above the pace needed to…
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