Weekly export sales report eyed. Cash online business sales rose to 388 bales on The Seam. Fifty-two new May delivery notices issued. Cotton futures ticked modestly lower in wary early dealings Wednesday ahead of the U.S. weekly export sales-shipments report.
The cattle complex should open higher thanks to follow-though buying and firming carcass value. Similarly, lean hog contracts seem likely to trade moderately higher in the early going with the help of spillover buying and short-covering. Cattle: Steady-$2 HR Futures:
6:00 a.m. CME Globex: July corn was 1 cent higher, July soybeans were 1 cent lower, and July Kansas City (HRW) wheat was 1 cent higher. CME Globex Recap: Grain markets were relatively quiet early Wednesday, as if still snoozing
USDA’s planting progress reports had grains lower overnight, but corn and wheat were able to rally to decent gains. Heavy rains in the Midwest forecast raises concerns of delays in corn planting and a possible switch to higher soybean acres.
Triple-digit gains dominated the lean hog trade with summer issues blasting back into the low 70s. The cattle complex staged a decent recovery in the wake of Monday’s post-report crash. Midday: Active buying continues to develop in lean hog
Over the past 25 years, there have been shifts in crops planted in the United States. Overall, acres in feed grain crops decreased while acres in oilseed crops increased. Feed grain crops losing acres were wheat, oats, barley, and sorghum.
Tightening availability of current supplies continued to vie for attention with prospects for increased plantings. Chances for showers forecast for the Texas High Plains. Cotton futures rallied from a morning sinking spell to close higher in the front four contracts
In our recent meetings with farm groups, one topic that regularly came up was farm operating loans. Nearly everyone had a story to tell. Some knew of neighbors who were unable to get financing for the 2017 crop. Others heard
After a two week break, lawmakers returned to Washington, D.C. this week to face a variety of issues, including a Senate confirmation vote for Sonny Perdue to be the new Secretary of Agriculture, as well as a looming federal budget deadline
One day after soybeans closed higher while corn and wheat stayed mixed, the latter two took a turn higher on Tuesday with emerging concerns about cold and wet weather in the forecast. Soybeans gave back part of Monday’s gain after
New Holland’s CR8.90 combine has set a new World Record, harvesting 16,157 bushels of soybeans in eight hours. The record-breaking performance took place in the Brazilian state Bahia and was