USDA’s December milk production for the week leading into Christmas showed a 1,000-head revision higher in the previous herd number and a further 1,000-head addition from October into November. This raises the national heard to a one-year high, up 38,000 heifers from November 2021. [...]
Futures activity After a 16-cent rally last Monday, soybean futures were quiet the rest of the week and traded virtually unchanged around $12.47 per bushel (Jan-22 futures). S&D and fundamental factors Soybean export shipments the week ending Oct. 21 were very strong at 88.4 [...]
Tropical Storm Isaias (the ninth named storm, a record this early into the North Atlantic hurricane season) combined with an oppressive heatwave across much of the eastern U.S. to slow EIA natural gas stock build to a nominal 26 billion cubic feet (bcf) build [...]
