This week, the grain markets have taken over the role of the bullish performers for the ag-sector. In, they have been about the only positive performance. As it stands right now, for the week, beans are down 27-cents, cotton has lost 30 points, cattle are 250 points lower, and hogs…
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With no additional bank failures overnight, we can get back to focusing on other news, but unfortunately, there is little of that which would really be considered market critical. Strategie Grain did update estimates for 2023/24 EU crops. Corn production was left unchanged at 63.4 MMT, soft wheat was trimmed…
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Corn and wheat were ultimately unable to sustain strength yesterday but did little more than retrace a few of the steps they had climbed on Friday while the bean market descended a few more. The grains appear to have stabilized overnight, but beans have slipped a bit more, and bears…
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Without question, the principal news story this morning originates from the macro/financial world. After failing to secure a takeover by another financial institution, Treasury Secretary Janet Yellen announced that the FDIC would be fully protecting deposits at the failed Silicon Valley Bank, SVB, of Santa Clara, California. This was the…