AgResource Pre Opening Sunday CBOT Calls Are; Â Soybeans 3-8 cents higher, corn 2-4 cents higher with wheat 1-3 cents higher. Sunday Weather & CBOT Market Discussion: Opening week CBT calls are slightly higher. The USDA will release their July Crop report Monday at 11 AM CT. The July report is less important than the August\September…
Western heat wave shifts to North-central U.S. in the extended-range. Canadian Prairies drought worsens/North-central U.S. drought expands.
CRB Index The CRB index finished lower as US ag markets declined with corn the downside price leader. Energy and metal prices rallied, helping to offset the losses in CBT values and cattle, but week ended with modest losses. The attached chart clearly shows that the reflation/CRB bull market remains firmly intact. Spot WTI crude…
AgResource Farm Marketing Advice for Monday: 1/ No new advice. Index fund buying has paused after three months of steady long positioning. US dollar strength amid concern over new Covid variants is noted – safety is being sought as the market debates the acceleration of global economic growth. Yet, liquidation is also absent, and amid…
North American Forecast Consistent with Prior Runs; Late July Pattern Change Still Probable: The North American climate forecast into late July is little changed to end the week. Needed soaking rains impact Iowa over the weekend, while additional boosts in soil moisture occur across the entirety of the Eastern Midwest and mid-South. Temps stay at…
