Recent Livestock Analysis
Summary of Futures
Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close. Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close. Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...
Market Commentary
Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...
Livestock Roundup
Broilers Under Short Term Pressure Meat demand remains steady with production. USDA’s forecast ending stocks for the fourth quarter of 2019 remains relative unchanged from the ending stocks in 2018 though beef production is up 0.1 percent, broiler production is up 3 percent and pork produ...
Market Commentary
The futures market ended the day with weakness where there had been strength as in lean hogs and soyoil, and strength where there had been weakness, such as corn. It had opened higher as predicted, though it might not have been for all the right reasons. There continues to be a lot of ent...
Summary of Futures
Dec 19 Corn closed at $3.9475/bushel, up $0.03 from yesterday's close. Dec 19 Wheat closed at $5.255/bushel, up $0.1225 from yesterday's close. Nov 19 Soybeans closed at $9.315/bushel, up $0.035 from yesterday's close. Dec 19 Soymeal closed at $306.8/short ton, up $2 from yest...
Better than it Was
The year 2019 has been difficult for cow-calf producers with heavy winter snowstorms that reduced calf survival rates, massive spring flooding, and the summer weakness in cattle prices. Now, producers are racing to get calves to market before another early snowstorm hits and reduces their chanc...
Market Commentary
The CBOT was mixed with little conviction. Corn and soybeans headed lower while wheat managed to find support on spread trading and technical buying. The market is waiting for better news from the U.S.-China trade front as well as signals of improving demand. Reports suggest that China ma...
Summary of Futures
Dec 19 Corn closed at $3.9175/bushel, down $0.015 from yesterday's close. Dec 19 Wheat closed at $5.1325/bushel, up $0.0625 from yesterday's close. Nov 19 Soybeans closed at $9.28/bushel, down $0.06 from yesterday's close. Dec 19 Soymeal closed at $304.8/short ton, down $3 fro...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...
China In-Country Analysis
Macroeconomics China’s Monthly Food Inflation Highest in Eight Years The sharp rise in live hog prices along with increases in the costs of poultry and seafood, pushed up food inflation in September to its highest level since October 2011. Back in 2011, China was going through a maj...
Market Commentary
The CBOT started lower today with corn, the soy complex, and wheat all moving into the red overnight. Corn finished the overnight down 4 cents and soybeans down 5 ¼, which was not an insignificant move. Yesterday’s poor technical close in corn and two-sided trade in soybeans...
Summary of Futures
Dec 19 Corn closed at $3.9325/bushel, down $0.045 from yesterday's close. Dec 19 Wheat closed at $5.07/bushel, down $0.04 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, down $0.065 from yesterday's close. Dec 19 Soymeal closed at $307.8/short ton, down $3.1 fr...
Summary of Futures
Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close. Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close. Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...
Market Commentary
Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...
Livestock Roundup
Broilers Under Short Term Pressure Meat demand remains steady with production. USDA’s forecast ending stocks for the fourth quarter of 2019 remains relative unchanged from the ending stocks in 2018 though beef production is up 0.1 percent, broiler production is up 3 percent and pork produ...
Market Commentary
The futures market ended the day with weakness where there had been strength as in lean hogs and soyoil, and strength where there had been weakness, such as corn. It had opened higher as predicted, though it might not have been for all the right reasons. There continues to be a lot of ent...
Summary of Futures
Dec 19 Corn closed at $3.9475/bushel, up $0.03 from yesterday's close. Dec 19 Wheat closed at $5.255/bushel, up $0.1225 from yesterday's close. Nov 19 Soybeans closed at $9.315/bushel, up $0.035 from yesterday's close. Dec 19 Soymeal closed at $306.8/short ton, up $2 from yest...
Better than it Was
The year 2019 has been difficult for cow-calf producers with heavy winter snowstorms that reduced calf survival rates, massive spring flooding, and the summer weakness in cattle prices. Now, producers are racing to get calves to market before another early snowstorm hits and reduces their chanc...
Market Commentary
The CBOT was mixed with little conviction. Corn and soybeans headed lower while wheat managed to find support on spread trading and technical buying. The market is waiting for better news from the U.S.-China trade front as well as signals of improving demand. Reports suggest that China ma...
Summary of Futures
Dec 19 Corn closed at $3.9175/bushel, down $0.015 from yesterday's close. Dec 19 Wheat closed at $5.1325/bushel, up $0.0625 from yesterday's close. Nov 19 Soybeans closed at $9.28/bushel, down $0.06 from yesterday's close. Dec 19 Soymeal closed at $304.8/short ton, down $3 fro...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 October 2019 Domestic Russian grain (including corn) prices kept growing due to active demand from both domestic buyers and foreign importers. Milling wheat export prices and feed barley average export price grew to $182/MT FOB Black Sea while average purchase price...
China In-Country Analysis
Macroeconomics China’s Monthly Food Inflation Highest in Eight Years The sharp rise in live hog prices along with increases in the costs of poultry and seafood, pushed up food inflation in September to its highest level since October 2011. Back in 2011, China was going through a maj...
Market Commentary
The CBOT started lower today with corn, the soy complex, and wheat all moving into the red overnight. Corn finished the overnight down 4 cents and soybeans down 5 ¼, which was not an insignificant move. Yesterday’s poor technical close in corn and two-sided trade in soybeans...
Summary of Futures
Dec 19 Corn closed at $3.9325/bushel, down $0.045 from yesterday's close. Dec 19 Wheat closed at $5.07/bushel, down $0.04 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, down $0.065 from yesterday's close. Dec 19 Soymeal closed at $307.8/short ton, down $3.1 fr...