AgResource Wheat Comment and Analysis
Wheat Ends Firm; Minneapolis Paces Recovery on Concerning Canadian Weather: Wheat futures ended worldwide as two-week forecasts in Canada stay arid as India’s talk of banning rice exports suggests grain stocks are not abundant globally. ARC maintains that exporter production is likely to be trimmed another 2-4 MMTs. Recall USDA nearly every year understates global…
AgResource Soybean Comment and Analysis
Soybeans Futures Recover Midweek Losses: Wednesday’s decline in soybean prices uncovered good demand on Thursday, which carried old and new crop prices higher into the close. August soybean gained 40.5 cents, and November was up 42 cents for the day. Soy product markets also saw strong gains, with August meal gaining $11.40/ton to close above…
AgResource Corn Comment and Analysis
CBOT Corn Recovers on Flood of Bullish Input: CBOT corn ended sharply higher as ongoing drought and threatening forecasts across the northern Corn Belt collided with concern over regional food security. India hinting it would ban rice exports is a big deal, and indeed grain prices in India have not followed other markets lower in…