Two congressional appearances by Fed Chairwoman Janet Yellen, release of President Obama’s Fiscal Year 2017 budget proposals on Tuesday, and a batch of monthly USDA reports on Tuesday are the highlights of the week ahead in Washington.
Corn, soybean and wheat futures are under pressure to start the week. Cattle are sharply to limit lower and hogs are mixed.
Wheat export sales were also a bit stronger than anticipated, though expectations were admittedly light.
U.S. cotton producers intend to plant 9.1 million cotton acres this spring, up 6.2 percent from 2015, according to the National Cotton Council's 35th Annual Early Season Planting Intentions Survey.
Winter wheat futures ended mostly around 6 cents lower, with corn down around 2 cents and soybeans down mostly around 6 cents. Cattle were lower and hogs favored a weaker tone in mixed trade.
USDA's Feb. 9 Supply & Demand Report should be a yawner. But the price reaction to the report and price action the rest of the month is important to farmers. Here's why...
Wheat futures faced the most price pressure as grain and soy futures softened this week.
Cool, showery and breezy conditions are expected for the Midwest in the days ahead.
Below-expectations result on payroll increase.
Buying in the grain and soybean markets likely to be limited this morning as the dollar firms after this week’s sharp decline.
As of Monday, February 8
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