** AgResource Pre-Opening Sunday Calls: Soybeans 2 cents higher to 1 cent lower, corn steady to 1 cent higher with wheat called 1 cent lower to 1 cent higher. ** Weekend Weather & CBOT Market Discussion: Opening week CBOT price calls are mixed to slightly higher. US President Trump late Friday confirmed that “great progress”…
Commodity Index The US dollar recovered on the week with the US Central Bank likely to lower interest rates for the final time in 2019 in the week ahead. The diminished tensions of the US/China trade war and hope that China will become a much larger buyer of US ag goods sent most raw material…
The October Cattle on Feed report lacked either a bullish or bearish surprise. All key statistics fell right in line with trade estimates, with placements and marketings above last year, while the October 1st cattle on feed figure was below a year ago for the 2nd consecutive month. The report is not expected to produce…
Soybeans Fall on Technical Weakness: Following a lower start to the morning, CBOT soybean futures had resistance against unchanged and fell to deeper losses ahead of the close. A winter storm will bear down on the Midwest next week, with snow to start falling across NE and KS on Monday, while much of IA, WI,…
CBOT Corn Ends Flat Again; Uncertainty Prevails: Dec CBOT corn ended unchanged amid competing input. Argentine soil moisture will improve further into early next week. A lasting period of US dryness lies ahead beyond the weekend, with harvest to accelerate during the 1st half of Nov. Yet, whether China comes to the US market for…
