When the close is not too far off the open, the trading range is small and the volume is light, the price must be right. Markets continued their quotidian march generally lower but in a modest way.
This no doubt reflects a weather forecast that spells recovery from an otherwise dismal July situation. Farmers everywhere elsewhere in the world wishing for a summer-long U.S. drought had hopes for higher prices dashed. Two troughs on each side of the Midwest and a disintegrating ridge in between is cooking up some rain. This is especially helping the eastern side of the Corn Belt, but a new wave of showers will also hit the Northern Plains and the southern Corn Belt. The bonus is cooler temperatures. Farmer confidence is o...
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Plantings estimates and a larger-than-expected increase in corn area. The Grain Stocks report offered relatively few surprises, but quarterly d...
On Monday, the Trump Administration suspended the countervailing duties (CVDs) on phosphate fertilizer imports from Morocco via Executive Order. The CVDs were imposed in 2021 by the Biden Administration and were subject to a routine five-year sunset review. According to the Agricultural and Foo...
Key Takeaways: High oleic soybeans produce oil containing 70–80 percent oleic acid, improving stability and eliminating the need for partial hydrogenation, which eliminates trans fats. There are three primary varieties of high oleic soybeans available commercially: Plenish, Vistive Gold,...
