Traders must have gotten some cash in their Christmas stockings because there was a slight buying mood in the market today. Except for bean oil and pork, most contracts turned higher today. The reopening of the southern border and exports late on Friday no doubt flushed out one bearish pressure.
There was no overnight trading to foretell the mood and while beef opened lower it turned around whereas lean hogs stayed in the hole. Volumes were generally lighter, but not as featherweight as Friday before the holiday. The SRW contract and lean hogs saw strong volumes. Whether Monday’s mood is sustainable the rest of the week is uncertain, but it wouldn’t be hard to outbid last week. Of the 72 market prices tracked by...
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...
