Cotton prices are up and corn, soybean and wheat prices are down for the week. The September U.S. Dollar Index was trading before the close at 77.24, up 2.42 since last Friday. The Dow Jones Industrial Average was trading down 293 points for the week at 10,947. It was down 349 points today before the close. Crude Oil was trading before the close at 87.26 a barrel, up 0.69 a barrel since last Friday.  Europe’s debt crisis continues to weigh heavy on the stock market and has led to a stronger dollar which generally has a negative effect on commodity prices. The resignation of a key official of the European Central Bank signaled a deepening disagreement over how to solve Europe’s economic problems and overshadowed President Obama’s plan to revive the U.S. job’s market. Continue reading →

Corn and wheat prices are down with cotton and soybean prices up for the week. The September U.S. Dollar Index was trading before the close at 74.77, up 1.00 since last Friday. The Dow Jones Industrial Average was trading down 40 points for the week at 11,245. It was down 243 points at midday. Crude Oil was trading before the close at 86.63 a barrel, up 0.84 a barrel since last Friday.  The jobs report came in today flat with no new net jobs created and unemployment left at 9.1%. An increase in jobs was expected with this report creating some concern that the economy may suffer a setback and could be at an increasing risk of recession. Continue reading →

Corn, soybean and wheat prices are up with cotton prices down for the week. The Pro Farmer Midwest Tour reports came in after the market closed with shocking corn results and soybean potential that will need a strong finish to achieve yields. November soybean prices blasted through the $14 sticking point. The September U.S. Dollar Index was trading before the close at 73.85, down 0.25 since last Friday. The Dow Jones Industrial Average was trading up 448 points for the week at 11,266. Continue reading →

Corn, cotton, soybean and wheat prices are all up for the week. The September U.S. Dollar Index was trading before the close at 74.10, down 0.65 since last Friday. The Dow Jones Industrial Average was trading down 401 points for the week at 10,868. Crude Oil was trading before the close at 82.35 a barrel, down 3.03 a barrel since last Friday. The U.S. Drought Monitor (http://drought.unl.edu/dm/monitor.html) continues to show expanded dryness and beginning drought condition, particularly in the Eastern Midwest. Continue reading →

Corn and wheat prices are up while cotton and soybean prices are down for the week. The September U.S. Dollar Index was trading before the close at 74.75, down 0.07 since last Friday. The Dow Jones Industrial Average has whipsawed all week in some extreme moves and while up 111 points today before the close looks to finish the week down 189 points at 11,255. Crude Oil was trading before the close at 85.38 a barrel, down 1.18 a barrel since last Friday. Dryness as measured by the U.S. Drought Monitor (http://drought.unl.edu/dm/monitor.html) continues to expand in the Midwest and was more or less a backdrop for this month’s USDA reports as projected yields were cut in corn and soybeans. Continue reading →

Corn

USDA in this month’s report raised ending stocks 60 million bushels from July to 940 million bushels for the 2010/11 marketing year on 20 million bushel increase in food and seed, a 30 million bushel decrease in corn for ethanol, and a 50 million bushel reduction in exports. The season average price for 2010/11 is forecast to range from $5.20 – $5.30, an increase of 5 cents on the lower end and decrease of 5 cents on the top. Continue reading →

Corn and wheat prices are up while cotton and soybean prices are down for the week. The September U.S. Dollar Index was trading before the close at 74.82, up 0.78 since last Friday but down 0.54 for the day. The Dow Jones Industrial Average traded before the close at 11,410; down 733 points for the week but up for the day. Crude Oil was trading before the close at 86.56 a barrel, down 9.14 a barrel since last Friday. Grains rallied early in the week on a corn weather market, but are struggling to hang on as overall fear and uncertainty have gripped the financial and commodity markets. Continue reading →

Prices and comments are through Wednesday, July 27, 2011. Corn, cotton, and wheat prices are up and soybeans down for the week through Wednesday. The September U.S. Dollar Index was trading before the close at 74.29, down 0.11 since last Friday. The Dow Jones Industrial Average closed at 12,303; down 378 points through Wednesday. Crude Oil was trading before the close at 97.43 a barrel, down 2.28 a barrel since last Friday. The cotton market rebounded from a 10 month low early in the week on an overdue correction. The grain and soybean markets continue to focus on the weather which is drawing interest from the funds. Continue reading →