By: Dan Hueber – Had one only used the closes for yesterday’s grain and soy markets, it might have been easy to assume that the figures released by the USDA were neutral at best and possibly even a bit negative. Of course, we all know what can happen when we…
Commentary
Overnight Market Update
By: Kelley Fornoff – Grain and soy markets are having a negative reaction despite yesterday’s report. At the break, July corn is 3’2 lower at 398’6 and July soybeans are 8’4 lower at 1012’6. July Chicago wheat is 5’4 lower at 501’0, Kansas City is 4’6 lower at 522’2, and Minneapolis…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed after the surprise USDA report earlier today. There were a few shocks, so let’s start with US numbers and then move on to the world figures. The biggest domestic surprise was new crop soybean ending stocks. Against an average estimate of 535 million bushels…
Free Commentary
By: Dan Hueber – This will have been a week of production estimates as in addition to the USDA numbers to be released later this morning, the Chinese Ag ministry has updated estimates for grain/soy production as has Brazil’s CONAB. South America first. CONAB now projects that the safrinha corn…