Agriculture News
HRS and HRW futures led the rebound from last Friday’s sharp losses as concerns with the new Omicrop strain of Covid eased.
Below, you’ll find an update to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Winter wheat futures surged to new contract highs overnight, while spring wheat sharply rebounded from last week’s losses amid tight global supplies of high-quality wheat.
Market impact should be very limited and focus for cattle futures will remain on the cash market.
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Grain and soy complex futures traded both sides of unchanged overnight but have softened to a weaker tone and session lows this morning amid a rise in Covid concerns.
Monthly banker survey finds strong farmland values
While there are lysine shortages, the price rally is likely as much speculative-driven as it has to do with fundamentals.
The NWS forecast calls for above-normal temps and below-normal precip over most of the Southern Plains from December through February.
Drier weather in the southwestern United States, western Great Plains, and Southeast led to drought conditions developing or worsening for parts of these regions.
Weekly soyoil sales were strong and much higher than expected.