Author: Amy

Wheat Weekly Comments August 29

To start the week wheat opened the session steady to lower in all of the wheat exchanges, except for KC which opened higher. Early selling was tied to thin light trading as traders looked for news to give the market direction. Losses were trimmed and wheat managed to bounce higher in the day session with […]

Corn Weekly Comments August 29

Corn started the week by opening the session higher and then extended gains throughout the night. Early support came from the Pro Farmer final yield estimate which came in at 182.7 bus vs USDA’s Aug estimate of 188.8 bus. Strong export demand for US corn added support as once again last week’s export inspections estimate […]

Soybean Weekly Comments August 29

Soybeans started the week by trading on both sides of unchanged overnight. The market saw its session highs at the start of the day session but then fell lower for the rest of the session and closed with double-digit losses. Pro Farmer released their national yield estimates after the close on Friday but that didn’t […]

Cattle Weekly Comments August 29

Cattle traded in a mixed fashion this week with the deferred cattle contracts seeing gains in half the sessions for the week ending Thursday. The front month Aug contracts expired this week and saw their activity tied to the cash trade. Cattle started the week off on the defense with early selling tied to Friday’s […]

Export Sales Report August 28

Last week’s wheat export sales pace was estimated at 21.3 MB. After 12 weeks, wheat sales were at 51% of USDA’s expectations vs. 44% last year. With 40 weeks left in wheat’s export marketing year, sales need to average 10.8 MB to make USDA’s projection of 875 MB. Last week’s corn export sales pace was […]