General Comments Following yesterday's steep losses in every contract except nearby soybeans, the markets generally traded close to the vest overnight and during the first half of this morning. It was also the day of the USDA supply and demand revisions that were released at 12 p.m. ET.Weather remains an important issue, at least in Argentina, and the forecast for that country looked somewhat drier today than it did yesterday. The problem is the forecasts for rain always have been in the extended period (11- to-15 days), but they never seem to happen. The forecasts for some rain across the parched U.S. Southern Plains also turned out to be mostly a non-event with the driest (western) areas getting nothing. Weather also was making news ac...
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Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...