Hogs finished mostly lower on Monday, with the exception of October which was supported by cash market strength. October was just above unchanged, while the rest of the market finished $1+ lower. The lean hog index jumped $1.77 on Monday to $51.85, and based on the weekend slaughter data, we estimate another $1.64 for higher…
It was a lower start to the week with futures focused on the deepening Trump trade dispute with China and the onset of a record large US soybean harvest. Funds were estimated sellers of 4,500 soybeans, and 3,000 each in the soy products. US soybeans are quickly maturing. NASS reported that 67% of the…
Heavy Rain Pulled into Nearby Forecast; Tropics Quieter: The EU & GFS models are in broad agreement on the 10-day pattern. The dominant feature includes new rounds of excessive rain across the bulk of the US Corn Belt with cumulative rains of 2-5.00” NOAA’s 7-day forecast reflects the coming shift to wet Central US weather. …
NOPA reported an August soybean crush rate of 159 Mil Bu, which was right in-line with the USDA’s September WASDE projection. The August crush total was 12% larger than a year ago, the largest August NOPA crush figure on record. Processors had readily available old crop supplies thanks to last year’s big harvest, and the…
Dec corn fell another 4 cents on concern the US and China will maximize trade tariffs. This more directly impacts soybeans, but worsening rhetoric raises the odds that some 4-6+ Mil Acres of beans will be switched to grain production in 2019. And assuming NASS’s Sep yield, a simple linear trend yield in 2019 will…
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?
