Author: Derel

Wheat Weekly Comments Oct 3

The Small Grains Summary was also negative wheat due to a larger than expected increase in production. All wheat production was estimated at 1.985 BB, 60 MB above expectations and 58 MB above last month. Winter wheat production was estimated at 1.4 BB, 48 MB above expectations and 47 MB above last month. Other spring […]

Corn Weekly Comments Oct 3

Corn started the week lower. Early selling was tied to harvest pressure as weekend weather was ideal and should show good harvest progress in this afternoon’s crop progress report. Light selling was tied to the evening of positions ahead of month end and end of quarter. Reports that China starts Golden Week Oct 1 through […]

Soybeans Weekly Comments Oct 3

Soybeans started the week lower. Early selling was tied to harvest pressure as most regions in the US saw good weather conditions that should have helped advance harvest progress. Light selling was tied to reports that China is going to be on Golden Week starting Oct 1 to Oct 8, which means there will be […]

Canola/Sunflower Weekly Comments Oct 3

Canola started the week like soybeans, under pressure. Early selling pressure spilled over from a lower US soybean complex. An overall lower world veg oil market added pressure. Ideal weather conditions which helped harvest activity advance added pressure. Friday Stats Canada estimate Canada’s canola production at 20.03 MMT vs expectations of 21 MMT. Canola will […]

Cattle Weekly Comments Oct 3

Cattle lost ground in three out of the four sessions for the week ending Thursday. Cash has been king and has helped pull cattle to unprecedent levels this fall, but this week marks the third week in a row that cash live cattle prices have closed lower, which in turn is pressuring the cattle market. […]