AgResource Corn Comment and Analysis
CBOT Corn Recovers Ahead Tour Result; Pro Farmer Pegs US Yield at 168.1 BPA: CBOT corn futures are again testing major chart-based resistance on the addition of supply premium. Pro Farmer’s final US yield estimate of 168.1 Bu/Acre validates this week’s rally and upside risk remains present into the release of the USDA’s Sep Crop…
AgResource Soybean Comment and Analysis
Soybeans Rally on Tight Old Crop Supplies: Soybean futures rallied to end the week. September soybean paced the rally ahead of next week’s first notice day and gained 52.75 cents to close above $16 and at a new contract high. November soybeans marked the best weekly close in four weeks. Late week CBT strength comes…
Q1 2023 Livestock Outlooks
Hog and cattle markets have benefited from unprecedented red meat demand and record high retail meat prices over the last two years. So far, retail beef and pork prices have yet to show any sign of slowing down, though consumption trends through the summer have started to ebb. However, the underlying fundamental outlooks for the…