US farm markets saw all ag commodities moving sharply lower again, on Wednesday. Corn prices tumbled 5.30%. Soybeans lost 2.94%. The rest of the soy complex also faced noticeable cuts, as soymeal were down 1.35%, while soyoil trended 1.54% lower. Wheat prices also saw severe cuts once again, with Chicago SRW falling 4.27%, Kansas City […]
Daily Market Wire – June 29, 2023 Read More »
Good morning, Farmer Family … US farm markets were slashed, on Tuesday. Corn prices dropped 1.66%. Soybean prices crumbled by 3.05%, with soymeal eroding 2.39% lower, while soyoil was slashed 5.37%. Wheat prices also took a sharp turn lower, with Chicago SRW falling by 4.06%, Kansas City HRW tumbling 4.33%, and MGEX spring wheat prices losing
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Good morning, Farmer Family … US farm markets rose sharply last Friday, on increasing concerns that Russia may not renew the Black Sea grain deal set to expire on May 18, after a fist fight broke out during latest negotiations. These worries sparked another round of buying, which saw wheat prices capturing double digit gains. Thus,
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Good morning, Farmer Family … US farm markets were mixed but mostly higher on Wednesday, as traders returned to focusing on South American production trends and weather forecasts in the USA. Corn prices indeed closed with 0.77% gains. Soybean tracked 0.47% higher, with soymeal firming by0.52%, while soyoil stumbled more than 1.6% lower. Wheat prices were
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Global markets eased on Thursday. Corn, soybeans and wheat followed a broad set of other commodities lower. Notably, Chicago wheat Mar contract was down US7.4 cents to 757.2c/bu; Kansas wheat Mar contract was down 17c/bu to 879c/bu; Minneapolis wheat Mar contract down 9c/bu to 917.2c/bu; MATIF wheat Mar contract was down €3/t to €291.75/t; Black
Daily Market Wire – February 10, 2023 Read More »
Good morning Farmer Family … US farm markets made moderate inroads on Wednesday. Corn prices settled up by 0.67%. Soybeans were 0.3% higher. Soybean meal also bounced, ending up by 0.1%. Soybean oil prices, in contrast, gave back 0.51%. Chicago SRW wheat prices rallied double digits, posting 2% gains. Kansas City wheat prices settled up
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Good morning Farmer Family … US farm markets ended mixed but mostly lower on Friday, as a broad sell-off affected stock, energy and other commodity prices. Corn prices, indeed, trended 0.33% higher during the end week session, but soybeans eased by 0.15%. The soymeal market rallied to new contract highs, up 0.96%, meanwhile soybean oil faded
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US farm markets ended mixed but mostly lower, on Friday. A broad sell-off affected stock, energy and other commodity prices. Oil prices fell to over three-week lows, with Brent down 2.7%, and WTI 3.3% weaker for the session. Both benchmark posted a weekly drop as much as 7.9%. Global bond yields surged, undercutting stock prices,
Daily Market Wire – February 6, 2023 Read More »
US farm markets were mixed once again on Thursday. Corn prices faded about 1% lower. Soybeans rebounded nearly 1%, posting double-digit gains. Chicago wheat prices were slightly firm, while other wheat contracts suffered moderate losses. Both WTI and Brent benchmarks extended their losses. So far this week, Brent has dropped more than 5%, extending a
Daily Market Wire – February 3, 2023 Read More »
Good morning Farmer Family … US farm markets were mixed on Wednesday. Corn price settled with modest gains, as was up 0.18% on the session. Soybean prices took a double-digit tumble, closing 1.15% lower. Soymeal found afternoon strength and closed in the black with modest gains of 0.1%. Bean oil, meantime, was the weak link of
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