U.S. Month 1-3 Ahead Outlook
After a briefly drier and warmer June wet and cool weather return to the Midwest States for mid-to-late summer.
After a briefly drier and warmer June wet and cool weather return to the Midwest States for mid-to-late summer.
The outlook highlights Western Russia as a possible developing drought area during the summer season,.
“Slower” trade developed in the hog market through Wednesday, that left futures mostly lower at the close. Wednesday’s trading range was just a shadow of Tuesday, yet June hogs still marked a low-to-high range of $2.825. The volatility in hog futures is still tremendous. The lean hog index was down $.19 at $82.63, and…
CME wheat ended fractionally lower. Ramadan will keep major importers in N Africa and the Mid-East absent from the market into June 4th. Little other breaking news is available. Disease risk in the US is expanding. Last week’s Fusarium map kept elevated risk confined to the Eastern Midwest. This week’s map shows risk spreading…
US & Chinese negotiators have roughly 12 hours to reach a deal before US tariffs on Chinese goods rise to 25%. It’s “deal or no deal” on Friday that will determine longer term potential of the CBOT. Friday is a big day! CONAB will update its Brazilian production estimates Thursday AM. The average trade…
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