General Comments There were all sorts of factors affecting the grain and oilseed markets today, none of which were supportive. The worries included:
The approaching "fiscal cliff"; Turmoil in Gaza; More losses in financial markets early, although they did rally late to close slightly higher; China saying it canceled 10 cargoes of soybean purchases; Low river levels; and, Fund liquidation.
The soy complex was at the epicenter of the liquidation that began after last week's USDA reports were released. Funds are getting out of long positions in a big way, and that is dragging corn and wheat lower as well. Crude oil was slightly higher and the dollar was also firm.Next week will be a short trading week for U.S. markets. All marke...
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...
