midday market report
Speculative investors reduced their net-short positions in corn and wheat while increasing bets against price gains in soybeans in the week that ended Dec. 15, the Commodity Futures Trading Commission said in a report today.
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