Markets started the week slightly easier Sunday evening on very limited trading volume with Minneapolis March at just 200 contracts. Meanwhile, March corn and Chicago wheat traded 8,000-10,000 contracts. What started as a marginally “red” day gradually turned into more solid losses for corn, wheat and soybeans as fund selling increased throughout the morning. USDA will release an important series of reports this Friday that will include:
Final 2017 U.S. corn and soybean production estimates U.S. and world supply/demand revisions (WASDE) Quarterly stocks estimates U.S. winter wheat planting intentions
The only one of these reports that is expected to show any bullish trend is the winter wheat planting estimate. While la...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
