Corn, soybeans, and wheat prices are up with cotton prices down for the shortened Thanksgiving trading week. The U.S. Dollar Index closed at 80.24, down 1.07 for the week. The Dow Jones Industrial Average closed at 13,010 up 422 points for the week. Crude Oil closed at 88.28 a barrel, up 1.30 a barrel for the week. Commodity prices with the exception of cotton responded well to strong export sales and a weaker dollar at the end of the week. Trading volume was thin due to the Thanksgiving Holiday. Continue reading →

Cotton prices are up with corn, soybeans, and wheat prices down for the week. The U.S. Dollar Index traded at 81.23 before the close, up 0.13 for the week. The Dow Jones Industrial Average before the close was 12,589 down 226 points for the week. Crude Oil was trading at 87.06 a barrel, up 0.51 a barrel for the week. Better weather in South America has put pressure on prices as the market deals with the bearish November 9 USDA report. Continue reading →

Wheat prices are up with corn, cotton and soybean prices down for the week. The U.S. Dollar Index traded at 81.09 before the close, up 0.41 for the week. The Dow Jones Industrial Average before the close was 12,793 down 300 points for the week. Crude Oil was trading at 86.08 a barrel, up 1.22 a barrel for the week. USDA released a bearish monthly supply and demand report today. A stronger Dollar and weak stock market also played into the overall negative effect on commodities. Continue reading →

Corn

In today’s report, a few adjustments were made to the old crop numbers more or less squaring them up as ending stocks were left at 988 million bushels. For the current marketing year of 2012/13, planted and harvested acreage were unchanged as adjustments there will be made in the January 11, 2013 report. There is some speculation that harvested acreage will be reduced to reflect corn that went to silage. Continue reading →