China Rumors (Return) for US corn; Cash Markets Suggest Some Demand May Be Occurring From A Large Buyer
** Its been another morning of choppiness with wheat futures failing to carry through to the upside, while corn futures surge on China demand rumors. Structural grain trends are hard to find with the US/China starting a new round of face-to-face trade talks and USDA reports due out on March 29th. Neither the…
CME Cattle Awaits This Weeks Cash Trade; South American Forecast Dry for S Brazil/Argentina
** AgResource Daily Cattle Analysis: Cattle futures closed higher on Wednesday, and a firm outlook is offered for early trade this morning. Cattle futures marked an inside day of trading, while the feeder cattle market marked another day of strong gains. Cash markets stayed quiet through midweek. Meaningful packer bids have yet to surface…
U.S. Medium-range Report
The U.S. medium-range report trends less cool Central U.S. with West to Upper Midwest arc of wet weather.