As of Feb. 1, U.S. cattle on feed totaled just over 12.1 million head, the second highest February total since reporting began in 1996. Inventory was up 1 percent from January and up about 1 percent YOY, slightly above industry expectations. The high number [...]
Corn prices traded in a relatively narrow range of about $0.10 per bushel last week. Traders were also positioning ahead of what is expected to be a fairly bullish WASDE report tomorrow as the market foresees the potential for additional declines to ending stocks [...]
In the week after the November WASDE, we saw corn inch up and close the week up 13 cents, rising from $4.10 to $4.23 per bushel on the nearby contract. The modest rally was fueled by another strong week for demand, South American weather, [...]
Typically, this time of year we see pressure on corn prices and seasonal lows from late August into early September. This has been especially true over the last four years. This year, we are seeing an August rally fueled by uncertainty over production, drier [...]
On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]
Lower corn prices continue attracting demand, with exports starting the year on a strong note. Demand from the other major use sectors also remains higher than prior years. However, the crop harvest should help pressure prices even in the face of this robust demand. [...]
Tariffs between the U.S. and China have caused soybean prices to fall relative to corn prices. This depreciation brought down the U.S. soybean-corn ratio, which is currently at levels not seen since 2012. If the trade dispute is not resolved by the time farmers [...]
