By: Dan Hueber – The March supply/demand report is now but a distant memory. The numbers themselves did not produce anything shocking, but nevertheless, all leaned to the negative side, providing the bears with enough ammunition to drive grain and soy prices into lower lows before finishing the week. It…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed after today’s WASDE. Let’s get right into the numbers. Starting with corn, the USDA cut ethanol usage to 5.55 billion bushels. That makes perfect sense given the poor margins we’ve talked about in the past. Given those margins we’ve seen a slowdown in…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and wheat lower and soybeans higher. The story in the wheat market is simply that of selling begets selling. Seasonally that market tends to decline through the end of the month. With soft wheat trading at a premium to hard winter…