Markets were all lower overnight, and that pattern accelerated throughout today’s session with wheat, corn and soybeans all suffering big losses at the close. The two primary factors in today’s markets are the following:
Corn Belt weather looks wet for the first half of this week. The latest forecasts indicate that heat and dryness will follow but not continue for a prolonged period. China’s president made comments over the weekend indicating that country is ready for a trade fight. The 6 July deadline for implementation of the proposed tariffs is now little more than a week away.
U.S. equity markets were also getting smashed today. Crude oil and the U.S. dollar were lower as well.
Corn FUTURES Corn can...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
