Corn tried to tag along with wheat, but never got better than 8-9 higher and actually faded slightly at the close. General Comments Three weekend events pushed the wheat market sharply higher overnight.
The driest portions of the U.S. hard red winter wheat region again missed any beneficial rain. Portions of the same region will see freezing temperatures the next two nights that will cause some damage. Weekend news from the Black Sea region created more uncertainty. A French analytical group lowered its estimates of 2014 Black Sea wheat and corn production because of dryness and political unrest.
Corn and soybeans tried to follow wheat, but with limited success. Trading volume was heavy in wheat, while moderate in corn and soybean...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
