Export Shipments Report March 20

Last week’s wheat export shipments pace was estimated at 13.8 MB. After 42 weeks, wheat shipments were at 77% of USDA’s expectations vs. 76% last year. With 10 weeks left in wheat’s export marketing year, shipments need to average 17.7 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was […]

March Cattle On Feed Report

March’s COF report was generally as expected and a 6-year low. On Feed: 96% (96% expected), Placed: 93% (94% expected), and Marketed: 95% (96% expected).

Wheat Weekly Comments

Wheat started the week by opening higher across the board but slipped into the red by the end of the night session. Early support came from technical buying. Wheat is oversold and in need of a correction. Wheat has become uncompetitive against the other grains and if wheat wants to hold onto acreage, it needs […]