Recent Livestock Analysis
Summary of Futures
May 19 Corn closed at $3.4675/bushel, down $0.045 from yesterday's close. Jul 19 Wheat closed at $4.385/bushel, down $0.065 from yesterday's close. May 19 Soybeans closed at $8.5525/bushel, down $0.0675 from yesterday's close. May 19 Soymeal closed at $300.4/short ton, down $0...
Market Commentary
Grain and soy prices chopped slightly around either side of unchanged in overnight trade, giving rise to thoughts that those markets might be able to muster up a Turnaround Tuesday. However, it was not to be. Renewed fund selling of corn and soybean contracts kept prices under pressure througho...
Summary of Futures
May 19 Corn closed at $3.5125/bushel, down $0.035 from yesterday's close. Jul 19 Wheat closed at $4.45/bushel, up $0.0325 from yesterday's close. May 19 Soybeans closed at $8.62/bushel, down $0.15 from yesterday's close. May 19 Soymeal closed at $301/short ton, down $1.5 from...
Market Commentary
Grain and oilseed markets came back from the long Easter holiday weekend in a slightly bearish mode overnight and today with wheat the weakest. Weather forecasts are starting to look better as May approaches. If they prove to be accurate, corn and soybean planting should catch up quickly. That...
Summary of Futures
May 19 Corn closed at $3.5475/bushel, down $0.0375 from yesterday's close. Jul 19 Wheat closed at $4.4175/bushel, down $0.065 from yesterday's close. May 19 Soybeans closed at $8.77/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $302.5/short ton, down $0...
Cattle on Feed at Record Level for April
USDA released the monthly Cattle on Feed (COF) report for 1 April on Thursday, which was a day early because of the Good Friday holiday. The mostly neutral-to-slightly bearish report was in line with industry expectations. The total inventory of cattle on feed in feedlots of 1,000 head or larg...
Market Commentary
Note: CME grain and soy markets are closed tomorrow (Friday) and will re-open Easter Sunday evening. U.S. government offices will be open tomorrow, however, and regularly scheduled reports such as the CFTC’s Commitment of Traders (COT) report will be released then. U.S trade negotiators a...
Cattle on Feed
April 1 2019 Cattle on Feed totaled 12.0 million head; 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996. The inventory included 7.45 million steers and steer calves, down 1 percent from the previous year. This group accounted for 62 percent of...
Summary of Futures
May 19 Corn closed at $3.585/bushel, up $0.0025 from yesterday's close. May 19 Wheat closed at $4.4425/bushel, down $0.0275 from yesterday's close. May 19 Soybeans closed at $8.805/bushel, up $0.015 from yesterday's close. May 19 Soymeal closed at $303.2/short ton, down $0.7 f...
Oilseed Highlights: U.S. Soy Export Sales; Chinese Soy Demand
U.S. Soy Export Sales Highlights Today’s USDA export sales report for the week ending 11 April indicated U.S. soybean sales were up from the previous week. However, they were far below what is needed to reach USDA’s forecast for 2018/19. Net soybean exports sales for shipment in 201...
Cattle on Feed Pre-Report
With the Good Friday holiday tomorrow, USDA will release the monthly Cattle on Feed report, detailing the number on feed as of 1 April, today after the markets close. Pre-report forecasts peg the total inventory in feedlots of 1,000 head capacity at 101.8 percent of last year. Note that the pre...
Market Commentary
After yesterday’s lashing, the grain and soy futures markets tried to rally during the overnight session. Corn and soybeans gained a few cents, and wheat, which took the worst beating, regained several cents. However, the rally effort was not able to generate any momentum, and it had fade...
Summary of Futures
May 19 Corn closed at $3.4675/bushel, down $0.045 from yesterday's close. Jul 19 Wheat closed at $4.385/bushel, down $0.065 from yesterday's close. May 19 Soybeans closed at $8.5525/bushel, down $0.0675 from yesterday's close. May 19 Soymeal closed at $300.4/short ton, down $0...
Market Commentary
Grain and soy prices chopped slightly around either side of unchanged in overnight trade, giving rise to thoughts that those markets might be able to muster up a Turnaround Tuesday. However, it was not to be. Renewed fund selling of corn and soybean contracts kept prices under pressure througho...
Summary of Futures
May 19 Corn closed at $3.5125/bushel, down $0.035 from yesterday's close. Jul 19 Wheat closed at $4.45/bushel, up $0.0325 from yesterday's close. May 19 Soybeans closed at $8.62/bushel, down $0.15 from yesterday's close. May 19 Soymeal closed at $301/short ton, down $1.5 from...
Market Commentary
Grain and oilseed markets came back from the long Easter holiday weekend in a slightly bearish mode overnight and today with wheat the weakest. Weather forecasts are starting to look better as May approaches. If they prove to be accurate, corn and soybean planting should catch up quickly. That...
Summary of Futures
May 19 Corn closed at $3.5475/bushel, down $0.0375 from yesterday's close. Jul 19 Wheat closed at $4.4175/bushel, down $0.065 from yesterday's close. May 19 Soybeans closed at $8.77/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $302.5/short ton, down $0...
Cattle on Feed at Record Level for April
USDA released the monthly Cattle on Feed (COF) report for 1 April on Thursday, which was a day early because of the Good Friday holiday. The mostly neutral-to-slightly bearish report was in line with industry expectations. The total inventory of cattle on feed in feedlots of 1,000 head or larg...
Market Commentary
Note: CME grain and soy markets are closed tomorrow (Friday) and will re-open Easter Sunday evening. U.S. government offices will be open tomorrow, however, and regularly scheduled reports such as the CFTC’s Commitment of Traders (COT) report will be released then. U.S trade negotiators a...
Cattle on Feed
April 1 2019 Cattle on Feed totaled 12.0 million head; 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996. The inventory included 7.45 million steers and steer calves, down 1 percent from the previous year. This group accounted for 62 percent of...
Summary of Futures
May 19 Corn closed at $3.585/bushel, up $0.0025 from yesterday's close. May 19 Wheat closed at $4.4425/bushel, down $0.0275 from yesterday's close. May 19 Soybeans closed at $8.805/bushel, up $0.015 from yesterday's close. May 19 Soymeal closed at $303.2/short ton, down $0.7 f...
Oilseed Highlights: U.S. Soy Export Sales; Chinese Soy Demand
U.S. Soy Export Sales Highlights Today’s USDA export sales report for the week ending 11 April indicated U.S. soybean sales were up from the previous week. However, they were far below what is needed to reach USDA’s forecast for 2018/19. Net soybean exports sales for shipment in 201...
Cattle on Feed Pre-Report
With the Good Friday holiday tomorrow, USDA will release the monthly Cattle on Feed report, detailing the number on feed as of 1 April, today after the markets close. Pre-report forecasts peg the total inventory in feedlots of 1,000 head capacity at 101.8 percent of last year. Note that the pre...
Market Commentary
After yesterday’s lashing, the grain and soy futures markets tried to rally during the overnight session. Corn and soybeans gained a few cents, and wheat, which took the worst beating, regained several cents. However, the rally effort was not able to generate any momentum, and it had fade...