Trading volumes today were down 40-50 percent in some commodities, but the bottom line was some exiting and losses from the week before an extended holiday period. The story line no doubt is improved weather in Brazil and the U.S. Midwest, transportation hurdles, and stiff competition from both Russia and South America. For the week, March corn lost 10 cents, January soybeans were down 25.25 cents, March HRW lost 17.75 cents, March SRW was off 13 cents, and March HRS gave up 16.5 cents.
Prices for corn and the soybean complex strengthened later in the session after the Union Pacific Railroad announced that it would reopen the critical El Paso and Eagle Pass interchanges with Mexico. The critical economic and grain linkage had an un...
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...
