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…

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By: Kelley Fornoff – The grain and soy markets were fairly quiet overnight ahead of this morning’s USDA supply and demand report. At the break, July corn is 0’2 lower at 402’4 and July soybeans are 3’4 higher at 1019’2. For wheat, July Chicago wheat is 1’2 lower at 509’2,…

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By: Patrick McRae – Grain markets played both sides of the board throughout the overnight and into the day session. Corn, beans, and wheat all traded lower during the majority of the day but wound up closing well off their lows in corn and soybeans and to a lesser extent in…

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By: Dan Hueber – After the conclusion of the biofuels meeting at the White House yesterday, Texas Senator Ted Cruz exhorted that it was a “win-win for everybody.” Iowa Senator Chuck Grassley was a bit more cautious but did praise the prospect of allowing E-15 to be sold year around…

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