Russia Week 2-4 Outlook: Warm and dry initially, wet pattern follows.
A warm and dry pattern week 2 ahead followed by wetter and less warm conditions into early October.
A warm and dry pattern week 2 ahead followed by wetter and less warm conditions into early October.
Hog Futures Slow Against Key Resistance: CME hog futures marked a 2-month high on Thursday and closed mostly higher. October was the exception and closed lower after testing $68. The rest of the hog market saw modest to good gains, with 2nd quarter contracts marking the best closes for the day. ERS released their calculations…
Soybeans Fall Despite China Optimism: Soybean futures traded lower on Thursday and were down 12-14 cents at the close. News that US and China trade negotiators had scheduled face-to-face talks in October lifted US financial and other commodity markets. But soybeans – the market with the most to gain from a China deal – traded…
Brazilian soybean exports for the month of August were reported earlier this week at 5.4 MMTs. The figure was down 2.8 MMTs from last year and the lowest July export figure in 3 years. While Brazil continues to capture a larger share of Chinese demand, total exports are suffering as China’s import demand remains in…
US Wheat Extends Recovery; Southern Hemisphere Dryness Being Watched: Dec CBOT wheat rallied another 5.5 cents. Lite fund buying is noted after reaching deeply oversold conditions on Tuesday. Argentina and Australia will both face a lasting period of dryness into the second half of September. And though it’s premature to begin trimming production estimates there,…
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