Overnight strength in soybeans faded just after the morning open and technical selling kept the market lower into late in the day. Soybean export inspections hit a marketing year high of 48 Mil Bu, and the USDA announced sales of 120,000 MTs to unknown destinations, all of which had no noticeable affect on the CBOT…
CBOT corn futures ended fractionally lower amid limited corn-specific news. US harvest progress as of Sunday reached 63% complete, a bit below the longer term average but compared to 52% on this week a year ago. Another week of active fieldwork lies ahead for Plains, but delays return to the Southern and Eastern Midwest. Harvest…
US Forecast Again Adds Rainfall to Eastern Midwest: The 7-day forecast is little changed and includes moderate to heavy rainfall east of the MS River. Totals upwards of 3-4” are offered to TN, KY, S IN and OH. The extended range forecast now suggests this pattern will be stuck into the early part of November,…
December hogs opened higher on Monday and finished the day close to $1 higher, while the rest of the market reluctantly followed. The lean hog index continues to work lower amid record slaughter totals and was down $.42 to $64.61. Based on the weekend kill data, we estimate another $.45 lower for Tuesday. …
US wheat futures moved little in either direction. Egypt’s buying of US wheat last week confirmed that a secondary bottom has been posted, while a further surge in value requires better export demand on a weekly basis. Gulf HRW this evening if offered at parity with Russian for Dec arrival, basis fob. We expect the…
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?
