What You Need to Know Today:
This time of year, grain markets are often just one weather forecast away from a sharp rally, and today's hotter, drier outlook provided the catalyst for significant gains in corn and soybean futures. Livestock markets were relatively quiet by comparison, with most hog and cattle futures finishing just marginally changed from the previous close. Today's rally was not driven solely by weather, as a wave of fund buying added fuel to an already heated market. Corn conditions remained at 67 percent good/excellent, while soybean conditions declined by 1 percent to 64 percent good/excellent. The winter wheat harvest is now 59 percent complete. Export inspections were mixed, with wheat down 66 percent from the previou...
The final reading for real GDP growth in Q1 was revised upward to a 2.1 percent rate from a prior estimate of 1.6 percent, but the underlying details show a weaker mix. The stronger headline reflected a large upward revision to net exports, along with smaller upward adjustments to inventories a...
Corn Argentina Argentina's corn harvest has reached 52.9 percent of the national harvestable area, with an average yield of 8.15 MT/ha. Harvest continues at a moderate pace because of high grain and field moisture, particularly across central and southern Buenos Aires Province. Over the past se...
