Note: Grain and soy futures markets (and WPI) are closed tomorrow, 29 March, for the Good Friday holiday. They will reopen Sunday evening.
General Comments Traders generally approached today's quarterly stocks and planting intentions reports with a bullish bias, but USDA's reports were distinctly bearish. A detailed analysis of the report numbers was not required to reach bearish conclusions. The reports were issued at 12 p.m. EDT. As soon as 1 March corn stocks of 5.4 billion bushels flashed across screens a nano-second later, electronic sell orders flooded into the market, pushing corn prices down the 40-cent daily trading limit within seconds. The "get me out" mentality was overwhelming. Corn stocks that were about 400 million bu...
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...
