Date archive: September 2015

The wheat market lost all morning momentum yesterday as global economic issues and fail harvest progress preassured the market. Forecast for the 6-10 and 8-14 day ranges show better chances for precipitation across the Plains, with cooler temperatures on the front-end and warmer temperatures for the latter range. Export inspections outpaced estimates at 651 TMT…

Soybean values saw light gains overnight helping to recoup some of yesterday’s losses. Values trading weaker out of the gate yesterday as the USDA announced only 1 mmt of beans to China suggesting the remaining 12 mmt are only promised to be bought, not guarantee. Bean harvest is now 21% complete vs. last week 7%….

Corn continues to follow the bean market, closing 2 1/4 lower yesterday, while having 9 cent rage. Slow exports added to the weakness causing funds to sell 6,000 contracts. Harvest progress was out at 18% this week compared to 10% last week. Normal is 23% This number was dissapointing to the trade that was looking…

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