AgResource Weekly Newsletter, March 19
In this week’s newsletter we take a look at March 1st US wheat & soybean stocks.
In this week’s newsletter we take a look at March 1st US wheat & soybean stocks.
Spring wheat futures hit a new 4-week high on continued planting concerns. Flooding is historic and widespread, and still heavy snow cover persists across the Dakotas & MN, which account for a clear majority of US spring wheat acres. Winter wheat futures ended fractionally weaker. Funds in Chicago sold 2,000 wheat contracts. We do mention…
CME hog futures were back and forth around unchanged through Tuesday’s trade and slightly lower at the close, as the market took a break and consolidated recent gains. The cash market continues to gain with the index up $1.14 at $56.54, and we estimate another $1 higher for Wednesday. After a shaky start to 2019,…
CBOT corn futures settled unchanged as the USTR Trade team will be heading to Beijing next week with China’s trade negotiators heading to the US in the 1st week of April with a deal to be completed/signed by late April. The market lacked the clarity of a push to the finish line. Central Brazil will…
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