Corn Rallies Out of Reports
Barchart6 minutes ago
Corn futures shot higher after NASS released data near midday. Current prices are working at or near their highs for the day with double digit gains of as much as 17 ¼ cents. NASS data showed corn stocks were counted at 8.347 bbu as pf March 1st, including 5.079 bbu...
Beans Back to Mixed for Midday
Barchart6 minutes ago
Soybeans were fading into the reports, before rallying out of the release. Current quotes are back to mixed as the new crop futures are holding fractional to 4 cent gains and old crop prices are back to 2 cents in the red. Midday Soymeal futures are trading $2 in the...
Wheat Futures Up Double Digits
Barchart6 minutes ago
Midday wheat futures are gaining double digits for midday, with prices ~5 cents off their highs. Chicago is up by as much as 2.9% for midday. KC wheat is gaining 8 to 11 cents so far. Spring wheat futures were slow to join the rally with futures near their highs...
Hogs Pushing Upside into NASS Data
Barchart6 minutes ago
Lean hog futures are trading near to 70 cents under the session high for midday wit 40 to 8- cent gains on the board. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back up by 21 cents....
Cotton Mostly Higher with Low Acreage Reported
Barchart6 minutes ago
Cotton futures are 70 points off their session highs into midday, following a strong surge out of the NASS data. New crop futures are also up by 21 to 43 points for midday. FAS data showed cotton bookings were 98.2k RBs for the week that ended 3/21. That was up...
Cattle Mostly Higher so far
Barchart6 minutes ago
Live cattle futures are trading with midday gains of as much as $1.80 across the front months. Feeders are also in the black with gains of as much as 80 cents. USDA confirmed some light cash trade on Wednesday mostly near $185, or $3 below last week. The 3/26 CME...
Cattle Mostly Higher so far
Barchart6 minutes ago
Live cattle futures are trading with midday gains of as much as $1.80 across the front months. Feeders are also in the black with gains of as much as 80 cents. USDA confirmed some light cash trade on Wednesday mostly near $185, or $3 below last week. The 3/26 CME...
Hogs Pushing Upside into NASS Data
Barchart6 minutes ago
Lean hog futures are trading near to 70 cents under the session high for midday wit 40 to 8- cent gains on the board. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back up by 21 cents....
Quarterly stocks mostly up on year
Brownfield Ag News12 minutes ago
U.S. corn stocks on March 1st were a little bit tighter than what analysts were expecting, while soybeans and wheat topped estimates. The USDA says corn stocks halfway through the marketing year were 8.347 billion bushels, just under the average pre-report guess, but still up 13% on the year, partially...
Opportunities for U.S. corn in SE Asia
Brownfield Ag News12 minutes ago
An Illinois farmer says a recent trade mission to southeast Asia highlighted export opportunities for U.S. corn. Dan Meyer, who farms in east-central Illinois, tells Brownfield Vietnam’s aquaponics industry is a prime example… “The biggest thing is fish farms and shrimp and the focus on that.” He says, “The opportunity...