Grains try to recover midday with help from the reversal in outside markets. LC mixed with bullish hopes for the USDA Cattle Inventory Report. Hogs lower. Scott Varilek of Kooima Kooima Varilek has details.
Today's recap of corn, soybeans, wheat, cattle & hogs.
Corn: 7 to 12 cents lower.
Soybeans: 4 cents lower to 7 cents higher.
Weaker cash cattle trade set a negative tone . . .
Recapping today's market prices.
Wheat futures fell overnight following a report on the potential for the restoration of Ukraine grain shipments.
Since corrections tend to come in three-day waves, today’s price action could be critical. . .
July corn fell, soybeans & wheat surge.
Cargill unveiled plans to build a new soybean processing facility located in Pemiscot Co., Missouri . . .
Planting progress for top 12 corn production states.
Corn, soybeans & wheat all higher.
Wheat inspected for export.
Morning grain calls & general comments.
Record NOPA crush report expected.
Weather-delayed fieldwork and reduced yield prospects are limiting selling. . .
Morning grain calls.
Comments from USDA Secretary Tom Vilsack at Tuesday's Senate Ag Appropriations Subcommittee hearing
Corn, soybeans and wheat finish higher.
Concerns over slow planting progress continue to support new-crop soybean futures.
Morning soybean analysis.
overnight market recap
Wheat futures rose in a corrective bounce from sharp declines yesterday . . .
Nearby corn futures’ technicals weakened Monday as funds sold an estimated 14,000 contracts. . .
Morning Grain Calls
Soybean planting increased only four percentage points over the past week to 12% done, half of the five-year average.
Recaps of today's corn, soybeans & wheat market action.
The manage money net long in soybean futures and options fell 20,224 contracts. . .
China imported 8.1 MMT of soybeans last month. . .
Corn, soybeans & wheat overnight recap.
The European Union has agreed on a 7% cap for food-based biofuels. Germany is seeking to reduce that figure further.
History strongly suggests retailers will be buying beef quite strongly over the next six weeks.
Farmers in Canada are struggling to plant crops in fields that are either too wet or too dry in the Prairie provinces.
One of Brazil’s largest farmers plans to reduce fertilizer use by a quarter next season, relying on more precise applications and soil testing to maintain crop yields, Bloomberg reported.
U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply-chain limitations.