What You Need to Know Today:
The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Middle East peace/war dynamics and oil influence, but Wall Street is happy.
What You Need to Know About the Week:
Corn, beans, and wheat saw gains, except HRW, which lost some weather premium. It was the first week higher for corn and soybeans after two prior weeks of losses. After three weeks higher, soymeal lost ground this week. After two lower weeks, soyoil squeaked out a small gain. It was a second straight week of gains for SRW and HRS. Basis le...
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...
