Corn futures are holding up well in the face of increased harvest activity and showed little net change this week, while soybeans posted slight weekly losses.
Pro Farmer's Chip Flory and Brian Grete provide expectations ahead of the October Crop Production and Supply & Demand Reports.
A pair of storms will lead to showery weather for the western half of the U.S. next week.
Disappointing employment data has weakened the U.S. dollar, but corn, soybeans and wheat were slightly lower overnight. Traders in the livestock markets are focused on evening positions ahead of the weekend.
The report data, however, will have a limited impact on the market. Trade sentiment going into the data release -- whatever the published number, cereal and oilseed production will be perceived to be higher still.
The continuation chart for live cattle futures shows prices plunged into a former support range seen in 2012-13. Grains may see a bit of pre-weekend harvest pressure, but trends are up for corn and wheat.
Soybeans posted double-digit losses amid profit-taking, with winter wheat ending 4 to 5 cents higher on a weaker tone in the dollar index. Nearby corn was higher on spillover from wheat. Livestock futures were mostly lower.
From a scientific standpoint, the safety of eating GMOs is a settled question. Anybody who claims otherwise is either ignorant or misinformed-or is peddling lies because phony panics over food safety improve television ratings.
Leader of agency defends WOTUS regulations and reaffirms commitment to implementation.
This week's National Drought Monitor reflects expansion of drought across the South, as well as an increase in drought intensity.
On top of strong wheat export sales for soybeans, USDA announced a daily soybean sale to China for 120,000 MT for 2015-16.
As of Sunday, October 4
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