Soybeans End Mixed on Friday, Higher for the Week: Soybean futures held firm on Friday despite weakness in the corn market and were still higher for the week. August closed above $15.00 and November was just over $14.00. Once again, it was soyoil that led the CBOT soy complex higher with August marking the strongest…
CBOT Corn Drops as Models Add Rain to E Midwest in 9-12 Day Period: CBOT corn futures ended weak in lower volume as traders move to the sidelines ahead of elevated geopolitical risk and uncertain Central US weather beyond August 1st. No longer is complete dryness indicated longer term, with regional showers possible in eastern…
CBOT Wheat Ends Lower on Hope or UN/Russian Corridor Talks; Other Input Stays Bullish: Wheat futures ended sharply lower, and there will be no small price moving forward as the trade contends with either regional shortages or adequate supplies daily. There’s talk that the UN and Turkey are scrambling to negotiate with Russia to reimplement…
The July Cattle on Feed report is viewed as neutral relative to expectations. The June placement rate was slightly larger than estimates, but the July 1st feedlot inventory was right expectations of 98% of last year. The report is not expected to have a large impact on CME futures next week. However, the on feed…
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