The markets have been a but quieter this week, mostly due to the fact they will be closed Thursday for the 4th of July holiday. So, Mark Oppold takes time to look back at how some of the agricultural commodities have performed the first half of this year.
Watching Weather Events
Many traders continue to keep an eye on various weather events taking place across the major growing areas. Mark Oppold has more details.
Hoping for a Rebound in the Grain Trade
The recent sell-off in the grain trade has many hoping a rebound is in the works. Mark Oppold looks at what analysts are hoping will take place.
Three Year Lows in Corn and Soybean Futures
We are seeing three year lows in both corn and soybean futures. Mark Oppold looks at how history shows this is normal for this time of the year.
Hog Futures Looking for Support
Hog futures have not seen a lot to talk about as of late. As Mark Oppold reports, they have been in a free-fall and are looking for some support.
Cotton, Peanut Condition Update
Cotton and peanut crops across the Southeast continue to grow. And according to USDA Chief Meteorologist Mark Brusberg, the nation’s cotton crop is improving. According to the USDA National Agricultural Statics Service (NASS), this is where cotton and peanut condition ratings across the Southeast stood as of this past Sunday: In Alabama, cotton condition is rated as 2 percent excellent, 67 percent good, …
No Real Movement in the Grain Trade
New condition ratings reports have not been a factor thus farm in this week’s grain trade. Mark Oppold has more details.
Farmers Holding Large Corn and Soybean Stocks
After stockpiling crops for much of this season due to low commodity prices, many U.S. farmers continue to turn away buyers despite few signs that prices will improve. Farm Policy News says grain supplies are ample, and early ratings of summer crops are good. While USDA will update on-farm corn and bean stocks numbers at the end of June, a …
Possible Erratic Trade this Week
Beings this is the last week of the month, Mark Oppold notes we could see erratic trading taking place throughout the week.
Monthly Cattle on Feed Report Coming this Afternoon
The June Cattle on Feed Report is scheduled to come out this afternoon. Mark Oppold looks at what some are expecting and what is not included in these reports.