Soybeans continue to lead the markets higher on the continuing treat of hot, dry weather encompassing more of the northern Plains and Corn Belt. Corn, though, is reluctant to embrace a weather market. General Comments Markets opened with strong gains Sunday evening as corn and soybean futures traded at their highest levels since June 2016, and the session’s trading volume was quite large. Weekend weather updates continued to show the hot, dry weather eventually pushing even farther to the east than was expected last Friday. The western Dakotas, Nebraska and Kansas were solidly above 100°F over the weekend.The market also has the 12 July USDA reports to deal with, and there are a few related items to consider:
Planted acres will be adju...
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...
