The CBOT followed the higher trend it established earlier this week with still more bullish news emerging to close the week. First off, the weather remains challenging for the U.S., South America, and Europe and, secondly, Russia’s 2024 wheat crop and exports saw another downward revision...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Circling the Corral Florida now bans the marketing of cultivated meat. Florida Governor Ron DeSantis said lab-grown meat was a threat to the state’s beef cattle industry, the ninth largest in the country. The National Cattlemen’s Beef Association has limited its demands to just have...
Jul 24 Corn closed at $4.6025/bushel, up $0.005 from yesterday's close. Jul 24 Wheat closed at $6.225/bushel, up $0.1825 from yesterday's close. Jul 24 Soybeans closed at $12.15/bushel, up $0.16 from yesterday's close. Jul 24 Soymeal closed at $372.2/short ton, up $7.3 from ye...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Circling the Corral Florida now bans the marketing of cultivated meat. Florida Governor Ron DeSantis said lab-grown meat was a threat to the state’s beef cattle industry, the ninth largest in the country. The National Cattlemen’s Beef Association has limited its demands to just have...
Jul 24 Corn closed at $4.6025/bushel, up $0.005 from yesterday's close. Jul 24 Wheat closed at $6.225/bushel, up $0.1825 from yesterday's close. Jul 24 Soybeans closed at $12.15/bushel, up $0.16 from yesterday's close. Jul 24 Soymeal closed at $372.2/short ton, up $7.3 from ye...
As the implications of California’s Proposition 12 and Massachusetts’ Question 3 play out in the marketplace, yet another animal welfare ballot initiative will be put to voters in Denver this November. It reads, Should the voters of the City and County of Denver adopt an ordin...
The Market For the week, the July soybean contract added 37.75 cents (3.2 percent) in value. November soybeans closed out Friday’s trading at $12.01/bushel, the highest close in over a month above the 100-day moving average for the first time this year. July soymeal moved $27.5 (7.9 perce...
As the implications of California’s Proposition 12 and Massachusetts’ Question 3 play out in the marketplace, yet another animal welfare ballot initiative will be put to voters in Denver this November. It reads, Should the voters of the City and County of Denver adopt an ordin...
Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...
Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...
After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents. USDA’s Export Sales report showed old crop washouts and lower actual expor...
Live cattle and feeder cattle futures rallied today after feeling the pressure of news and speculation about HPAI. As WPI reported previously, USDA announced on Tuesday it would be testing ground beef in states where dairy cattle herds had tested positive for the H5N1 strain of bird flu. The sa...
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