Diverging markets on Wednesday. EU grain and oilseed prices eased about 1% across the board. US markets were mixed, as corn prices tested modest gains, soybean posted double-digit losses, down more than 1pc. Wheat prices were lightly mixed ranging from -0.2% to +0.63%. Both WTI and Brent benchmarks plunged more than 3%, after U.S. government […]
Daily Market Wire – February 2, 2023 Leggi tutto »
Good morning Farmer Family … US farm markets saw another mixed round yesterday. Corn prices attempted to move higher, but ultimately failed, closing with 0.59% losses. Soybeans were slightly more firm closing 0.18% higher, with soymeal settled 0.92% in the red, while bean oil prices rallied by 1.65%. Wheat prices rallied off the overnight weakness, and ultimately the
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Oilseeds and wheats pushed higher on Tuesday, while corn faded moderately lower. Oil prices gained more than 1% in both NY and London benchmark’s, and stocks on Wall St. also settled higher more than 1% on Fed-friendly U.S. economic reports. Notably, Chicago wheat Mar contract was up US8.6 cents to 761.2c/bu; Kansas wheat Mar contract
Daily Market Wire – February 1, 2023 Leggi tutto »
Good morning Farmer Family … US farm markets were mixed but mostly higher to start the week. Soybeans were back in the spotlight, tracking 1.71% higher. Soymeal led the way with 3.21% gains and new contract highs. Soybean oil prices also traded up by 1.15%. Corn prices attempted to follow soybeans higher, but failed to gather
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Oilseeds markets gained around 2pc to start the week. Corn and winter wheat prices also firm. Oil markets fell more than 2pc ahead of the Fed meeting, along with a strengthened USD. On Wall St. the main indexes slipped on weakness in tech and energy stocks. Notably, Chicago wheat Mar contract was up US2.4 cents
Daily Market Wire – January 31, 2023 Leggi tutto »
Good morning Farmer Family … US farm markets ended mixed on Friday. Corn market was mostly flat during the end week session. However, corn prices managed to edge higher, at the bell, on hopes for stepped-up demand on the export market. Thus, the March corn contract ended with a fractional gain of 0.07%. The soybean complex
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Markets ended mixed on Friday. Corn was mostly flat, the soybean complex fell, wheat contracts were some weaker, some firmer. Notably, Chicago wheat Mar contract was down US2.4 cents to 750c/bu; Kansas wheat Mar contract was up 4.4c/bu to 869.2c/bu; Minneapolis wheat Mar contract up 3.4c/bu to 921.4c/bu; MATIF wheat Mar contract was down €2.75/t
Daily Market Wire – January 30, 2023 Leggi tutto »
Good morning Farmer Family … US farm markets ended mixed on Friday. The soybean complex fell in all three markets, on expectations that recent rains in Argentina boosted crop potential there. Weakness in the crude oil market made an additional pressure. The wheat complex, was mixed, with Chicago soft red winter wheat contract sagged on profit
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Good morning Farmer Family … US farm markets jumped on Thursday. Corn prices ended 1.15% gains. Soybean prices closed up by 1.4%. The soymeal market led the way to soy strength as prices were 2.49% higher for the session. Soy oil prices closed up 0.41%. The wheat markets saw the most upside, led by the Kansas
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Grain prices surged in both US & EU markets on Thursday. Strong export demand for all three US commodities, underpinned markets. Notably, Chicago wheat Mar contract was up US11.2 cents to 752.4c/bu; Kansas wheat Mar contract was up 21.4c/bu to 864.6c/bu; Minneapolis wheat Mar contract up 8.4c/bu to 918c/bu; MATIF wheat Mar contract was up
Daily Market Wire – January 27, 2023 Leggi tutto »
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