Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.
Corn closed lower for the day and the week. The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the week, but HRS was up on the day and week. Livestock had a better Friday than the results of the week as a whole.
The larger stories coming out of this first week of November included the following:
It was the sixth straight week lower for the hog market. It has now been four weeks lower for cattle. The soybean market has closed higher for three straight weeks. After three weeks of rising prices, the corn market had a loser.&n...
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...
