There has been a great deal of chatter about the possible impact that the frenzied commodity speculation in China may have had on U.S. futures markets.It was another week for the record books. Well, sort of. The markets did not run out of gas despite numerous day-to-day technical trading reversals, and they also didn’t break through the previous highs. The bull/bear discussion continues to roll back and forth, although there is now a bull side to the story for the first time in a quite a while. Following are a few other observations:
The bears are still bears, but the bulls seem to be getting somewhat bolder. Funds continue to expand their long positions in the soy complex. Now almost back to even in corn, they are still big shorts in wh...
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...
