General Comments Instead (or in addition to) being worried about Sunday's Greek election and weekend weather updates, today's corn, soybean and wheat markets were dominated by two other stories:
Rumors that a few cargoes of corn from Brazil might be imported to the U.S. East Coast, and Informa's revised corn, spring wheat and soybean acreage estimates.
The Brazil corn rumor could be factual, and it crushed the N/Z corn spread that had made significant gains the first four days of this week. Informa's 900,000-acre increase in corn plantings and 2.1 million-acre increase in soybeans didn't seem to jolt the markets too badly; they were in the expected range.There were some good rains across the dry parts of southeast Nebraska overni...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
