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: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
