Author: Amy

Corn Weekly Comments April 2

To start the week corn gapped higher at the start of the overnight session and then slowly drifted lower for the rest of the overnight and day session to close with losses. Pressure came from positioning ahead of Tuesday’s report. Private estimates for planted corn acres based on farmer surveys are coming in about 2 […]

Soybean Weekly Comments April 2

In Monday’s session soybeans saw 6 cent gains at the start of the overnight session and traded very choppily after that. The market faded late in the day session to close around unchanged. Early support spilled over from the sharply higher soybean oil market on news that Indonesia is moving from a B40 biodiesel blend […]

Canola/Sunflower Weekly Comments April 2

To start the week canola jumped about $6.00 higher at the start of the overnight session and then traded in a choppy fashion for the rest of the session but still closed with strong gains. Early support spilled over from the sharply higher soybean oil and Malaysian palm oil markets on news that Indonesia is […]

Cattle Weekly Comments April 2

Cattle pushed higher this week with most of the support coming from a lower crude oil market and higher Dow Jones. Technical buying added support as the deferred live cattle months traded to new contract highs while feeder cattle pushed to close half of the gap that was created Mid Oct. It was impressive to […]

Export Sales Report April 2

Last week’s wheat export sales pace was estimated at 865,000 bu. After 43 weeks, wheat sales were at 98% of USDA’s expectations vs. 93% last year. With 9 weeks left in wheat’s export marketing year, sales need to average 1.6 MB to make USDA’s projection of 900 MB. Last week’s corn export sales pace was […]

Export Sales Report April 2

Last week’s wheat export sales pace was estimated at 865,000 bu. After 43 weeks, wheat sales were at 98% of USDA’s expectations vs. 93% last year. With 9 weeks left in wheat’s export marketing year, sales need to average 1.6 MB to make USDA’s projection of 900 MB. Last week’s corn export sales pace was […]