Although the soy complex and wheat opened lower, there was confidence in the corn number and by late morning most major contracts were in the green, aided by shorts that were selling at the end of the month to book profits. December HRS printed a new contract low today. There was high volume trading corn, as demand is good at the same time dry weather in the east and disease may chink some of the yield. Overall, it was a tough week for soyoil and a good week for lean hogs. Some of the milestones include:
It was a sixth straight week lower for HRW. Cattle have traded higher for nine weeks in a row. SRW, corn and lean hogs have now traded higher for two weeks. HRW had three days striking new contract lows; Paris also saw ne...
What You Need to Know Today: Wheat prices surged after Ukrainian strikes on Russian vessels and infrastructure disrupted grain shipments, halting traffic through the Sea of Azov, Kerch Strait, and Black Sea. The July WASDE report offered a modestly supportive outlook for corn, wheat, and soybe...
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months of relative stability, the trade deficit widened in May. The increase in the deficit for the month was due to both a rise in imports, which...
Every June combines begin their annual sweep across the winter wheat fields of Texas, Oklahoma, and Kansas. At the same time, USDA releases its Acreage and Crop Progress reports, providing the first comprehensive look at the size and condition of the crop. Most years the reports simply confirm...
