This growing season’s major crops were already looking good, and now weather conditions are improving. If that doesn’t spell bearish, how about new contract lows this week for corn, soybeans, soyoil, plus SRW HRW wheats. New lows were hit today for corn and soybeans. USDA’s Agricultural Prices report released after the market closed showed grain farmers in June receiving substantially less than a year before, and prices have dropped 10 percent or more since June. Only livestock producers are in better shape this year.
Making lemonade out of lemons, U.S. crops are increasingly competitive. USDA reported a corn sale today, SRW is the lowest priced on an FOB basis, and the Chinese are rumored to be interested...
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...
