Farmer aren’t the only ones feeling the pinch of lower grain and oilseed prices. Deere & Co., AGCO, and other large equipment manufacturers are seeing sales decline and profitability slip as farmers, in general, have less money to spend on new combines, t
Wheat futures declined overnight on lack of demand, corn and soybeans are seeing strong export sales, and the wet snow that the Southern Plains is seeing may be a benefit to the winter wheat crop.
Wheat was down overnight, yesterday's WASDE report hardly changed the markets but has farmers watching South America closely, and cold weather is coming for the Southern Plains.
Grain and soybeans were higher overnight, today's WASDE is expected to be uneventful, and the Pacific Northwest is throwing some wind, rain and snow at the Northern Plains.
The COT shows the number of contracts held by large speculators, small speculators, and hedgers on a weekly basis. While the report might not be as popular a topic at the coffee shop as grain production, its importance can’t be undervalued. By knowing how
Speculative investors reduced their net-short positions in corn by 22% and in soybeans by 41% in the week that ended on Dec. 1, the Commodity Futures Trading Commission said in a report today.
Corn and soybeans rose and wheat futures jumped Thursday as the value of the U.S. dollar declined sharply.
Corn futures gained while soybeans were little changed, reversing early losses, as the value of the U.S. dollar declined sharply in midday trading.
Corn and soybeans fell as export sales for both commodities declined.
Corn sales of 499,400 metric tons in the week that ended November 26 were down 50% from the prior four-week average, the U.S. Department of Agriculture said in a report today. Commitments to purchase from U.S. inventories since the start of the marketing year are down 25% from the same time frame a year earlier.
Corn futures were lower at the close amid a global grain glut that could lead to record stockpiles.