General Comments Grain and soy futures market closes across the board are red, but not by large amounts. The losses are generally single digits. Traders were looking at a complicated series of market inputs that made price action rather choppy. However, trading volume was fairly heavy at times. Here are some of the things facing traders today:
There is no change in the weather outlook. It calls for extreme heat for portions of the Corn Belt during the next couple of days with only limited rainfall in the north, then continued hot and dry weather beyond the 4 July holiday. Tomorrow is the first day for delivery intentions. No deliveries of soybeans, corn or soymeal are expected, but moderate deliveries of wheat and large deliveries o...
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 €...
