This afternoon’s cattle on feed report could at least stabilize cattle futures at recent lower levels. As if the extended heat were not enough for cattlemen to battle across the country, open interest in live cattle futures has plunged to the lowest level of the year. Feeder cattle index is now the lowest since mid-January. Heavy selling reappeared around midweek, …
Temperatures to Rise Soon
Grain traders have shown reluctance to build additional weather premium into futures at this point, but temperatures returning to 100 degrees or more this weekend and into next week can certainly change that. Bottom line analysts say December corn needs consecutive closing over $4.76 to keep the upward momentum in place. August is soybean month, but another forecaster is holding …
Grain Trade Seeing Lower Lows At Harvest
Bottom Line grain analysts wonder if the grain trade is getting a little ahead of itself here in early June. Corn, soybean, wheat futures all seeing lower lows on a regular basis. Wheat in fact is lower 10 sessions in a row, even with conditions here at harvest the lowest in 37 years. Harvest pressure is here, combines rolling in …
Returning to the New Era Corn Price Mid-Point
The agricultural economists at the University of Illinois have been championing a new era for grain prices since the rise of ethanol as a major player in the U.S. corn market. Scott Irwin is an agricultural economist from the University of Illinois. He and his colleagues believe grain prices have achieved a new higher plateau era. An era that started …



