Soybean and wheat export sales were solid the week ended Feb. 4, and cotton export sales were strong. Get more details.
Soybeans lead today’s gains, finishing around 10 cents higher, with corn steady to 1 cent lower. Wheat favored a weaker tone on a mixed close. Cattle were sharply lower and hogs were stronger.
Corn and wheat futures are slightly higher, with soybeans posting stronger gains. Cattle are lower and hogs are firmer.
A strong El Niño lingers, with readings in the eastern Pacific declining while others were nearly unchanged.
The U.S. ag attache in China says the country has not articulated when or how it will deal with bulging supplies.
Crop insurance indemnities total $5.482 billion as of Feb. 8, 2016, up about $600 million over the past month, but still the smallest payouts since the 2010 crop year, according to Risk Management Agency (RMA) data.
Corn and soybeans closed marginally lower today, with SRW wheat closing 2 to 3 cents higher. HRW futures ended mixed and HRS was 1 to 2 cents lower. Cattle closed higher and lean hogs were mostly lower.
Pro Farmer's Chip Flory discusses the struggles wheat producers are facing.
The CME says during 2015, roughly 87% of daily livestock futures and options trade occurred during the proposed hours.
This contrasts with cold, breezy conditions for the Midwest, South and East. Get more weather details.
Attache pegs the Argentine corn crop at 24 MMT and the wheat crop at 10.8 MMT.
As of Friday, February 12
Feels Like 12°