World Wheat Markets Soar on Need to Slow Consumption; Importer Demand Intact: US, European and Black Sea futures ended sharply higher on Friday, with new contract or multi-year highs scored in KC, Minneapolis and Paris milling wheat futures. The market must assess whether importers opt to cover winter supply needs at current prices, but AgResource’s…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. Managed funds were net long 327,000 contracts of corn, soy, CBT wheat, cattle and hogs combined. This position was down 25,000 contracts from the previous week as the selling continued in corn, wheat, soy, and hog markets. AgResource highlights that managed money was short a…
The October Cattle on Feed report is mildly bullish and supportive to cash trade next week. The trade had been prepared for a September placement rate of 101%. However, NASS reported actual placements at 97%. The smaller than expected placement rate resulted in a slightly lower than expected October 1st feedlot inventory. Cattle on feed…
CBT futures are mixed at midday with KC wheat futures pushing to new contract highs while soybeans sag on the weakness in soyoil. Corn is caught in between. Early CBT volume totals were active, but they have been sliding at midday as Europe/Asia head into their weekends. World wheat futures are the bullish stalwart while…
