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Sulfur prices have surged more than fivefold, threatening phosphate fertilizer production. With global supply tightening, farmers could face higher prices, or even fertilizer shortages, heading into the months ahead.
Cattle futures surge amid impressive gains in cash.
Bill Watts, Lane Akre and Spencer Langford break down USDA’s September Crop Production and WASDE Reports and what they mean for markets as harvest season gets under way.
U.S. diesel prices have reached record highs, up 61% from the prior year, just as farmers prepare for the fuel-intensive fall harvest, putting additional pressure on already strained crop-farm margins.
Corn, soybeans and wheat are each favoring the upside this morning but have not moved much outside Friday’s ranges
Grain markets look for fresh spark after USDA crop production and supply-and-demand reports...
WTI crude oil futures push above $102 a barrel
Despite the reduction in corn, production still came in slightly above trade expectations
USDA pegged the national corn yield at 178.5 bu. per acre, while the soybean yield was increased 0.1 bu. to 52.8 bu. per acre.
Corn, soybeans and wheat each gave up some of Thursday’s gain overnight.
U.S. average diesel price rises above $6 a gallon
Grains favored a risk-on tone overnight with corn and wheat rebounding from recent losses.
Rains further north helped soil moisture remain stable despite high temperatures
China steps up U.S. soybean buys ahead of Xi visit
Pre-report estimates signal another yield reduction for corn and steady prospects for soybeans as objective data comes into focus.
Corn futures continue to lead weakness, falling below technical support in overnight trade.