This mornings export inspections report was better than expected in corn, soybeans and wheat. Corn exports were reported at 47.98 million bushels, we now need to average 35.4 million bushels per week to reach the USDA yearly total.
The grain trade is lower today mostly based upon improved weather forecasts for the 6-10 and 8-14 day time period. The forecasts look for rain to fall over 85-90% of the grain belt with .5 to 2
After observing modest gains for most of last week and the first day and a half of trading this week the market closed down on all open cattle contracts. Feeder Cattle finished limit down in all 2017
Lower markets as we begin trading following the long holiday weekend. July soybeans traded to the lowest level since March 2016. Nearby corn futures remain sideways to lower as traders contemplate wet conditions in the ECB versus favorable conditions in
The cattle market slid into the holiday weekend, June cattle finished the day down 1.225 to settle at 122.700. All back months finished over 2 down on the day. This is reflected in the weekly picture as