General Comments Today was a very strange trading day for a number of reasons:
The superstorm now blitzing the East Coast has closed most of the government in Washington, DC. USDA was mostly closed. The weekly Export Inspections report was released, but the weekly Crop Progress report will not be released. Odds are high Washington might also be closed tomorrow. The New York financial markets were closed today and will be closed again tomorrow. The CME has traded normally, although trading volume today was light and that will probably be the case again tomorrow.
Soybeans were weak overnight and totally collapsed today on light volume. Corn and wheat were less affected and were actually trading slightly higher until the soy comp...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
