CBOT futures are largely unchanged from the overnight session though beans have extended their rally to the tune of 7-9 cents. Macro markets are lending a hand, with US factory growth in December 1.1% on the year, the biggest jump since February of 2017. The Dow is up 280 points. Crude is up $1.60 at…
Summary: Next week ’s soybean export inspections are expected to be 1,300,000 MT (47.8 Mil Bu). If this is correct, that would be up 20% from the previous week’s. This week’s ship lineup is 859,000 MT. That is down 35% from last week. This week’s lineup is 35% smaller than a year ago. There were 52 vessels to-be-nominated (TBN). That is up from last week and is the largest…
AgResource Daily Cattle Analysis: Cattle futures closed lower on Thursday, and a steady outlook is offered for early trade this morning. Following a 3-day (and nearly $3) rally in the first half of the week, Feb cattle corrected some of those gains through Thursday. However, losses were pared back by late buying ahead of the…
6:30 AM CBOT Futures: Mar soybeans are up 5.75 cents at $9.135, Mar corn is up 1.5 cents at $3.815 while Mar Chi wheat is up 2.75 cents at $5.205. Good Morning! The CBOT has a firm tone at the end of the week It’s generally more of the same, with adverse weather to continue…
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