Current chart patterns could encourage technical traders to test the wheat, corn and soy contracts for additional price weakness during the remainder of this week. If so, they are presumably creating a short-term buying opportunity, particularly in the soy complex. General Comments Farm Service Agency (FSA) updates were published this morning and had the expected influence on grain prices, which was nothing. There was a bit of an unfortunate mix-up in the initial release of the data, but such events are understandable as this agency is not well practiced in publishing material that is actively utilized by the general public.The greatest price weakness today was displayed by wheat and then corn contracts. Soybean and soymeal contracts also...
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...
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