There was higher volume in SRW, HRW and lean hogs but overall volumes remained modest, and the export wire is quiet. The latter perhaps influenced by a strong dollar. This leaves ample room for bearish weather news to ricochet around the market. Thus far in this abbreviated first trading week of the new year, March corn is down 4.75 cents, March soybeans are down 30.5 cents, and March SRW has lost 14.5 cents after today’s claw back of half the losses from Tuesday and Wednesday.
Weather conditions have improved in Brazil, the U.S., and Europe. Heavy rains in central Brazil will continue through most of next week. There will also be a return to seasonal rainfall in southern Brazil. Argentina has frequent crop boosting showers...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
