Corn, cotton, soybeans, and wheat prices are mixed for the week. The September U.S. Dollar Index was trading before the close at 74.40, down 0.13 since last Friday. The Dow Jones Industrial Average before the close was 12,684; up 204 points for the week. Crude Oil was trading before the close at 99.71 a barrel, up 2.10 a barrel since last Friday. The grain and soybean markets focused on the weather this week while the cotton market languished on weak demand. Continue reading
Corn, soybean, and wheat prices are up with cotton prices down since last Friday. The September U.S. Dollar Index was trading before the close at 75.52, about even since last Friday. The Dow Jones Industrial Average before the close was 12,476; down 128 points for the week. Crude Oil was trading before the close at 97.31 a barrel, up 1.00 a barrel since last Friday. Continue reading
Corn
USDA in this month’s report raised ending stocks 150 million bushels from June to 880 million bushels for the 2010/11 marketing year on 145 million bushel decrease in usage and a 5 million bushel increase in imports. Feed and residual use was lowered 150 million bushels, corn for sweeteners was reduced 20 million bushels, exports lowered 25 million bushels and corn for ethanol was raised 50 million bushels. Continue reading
As reported by NASS on July 11, 2011
SCATTERED SHOWERS PROVIDED SOME MUCH NEEDED RAINS
A stalled cold front covered much of the state early in the week providing the conditions for scattered showers. A second cold front mid-week brought additional showers. However, by week’s end much of the state had returned to dry weather and hot temperatures. Most areas received enough rain to keep soil moisture levels healthy while still providing farmers with enough dry time to conduct fieldwork. The majority of Tennessee’s crops are rated in good condition. This year’s corn crop is doing quite well, with over a third of the crop rated in excellent condition. Wheat harvest is nearly complete and yields are excellent. Almost all of the soybeans are planted and emerged with over a quarter of the crop already blooming.
Corn, soybean, and wheat prices are up with cotton prices down since last Friday. The September U.S. Dollar Index was trading before the close at 75.51, up 0.93 since last Friday. The Dow Jones Industrial Average before the close was 12,620; down 100 points today but up 37 points for the week. Crude Oil was Continue reading
Corn, cotton, and wheat prices are down with soybean prices up since last Friday. Markets will be closed Monday in observance of 4th of July. The September U.S. Dollar Index was trading before the close at 74.68, down 1.44 since last Friday. The Dow Jones Industrial Average before the close was 12,557; up 623 points for the week. Crude Oil was trading before the close at 95.25 a barrel, up 4.09 a barrel since last Friday. Continue reading
USDA released the June 30 Acreage Report and Quarterly Grain Stocks Report today. Both of these reports are based on conditions as of June 1.The acreage report has been called bearish for corn, cotton, and wheat and neutral to bullish for soybeans. At least from an initial glance, there were several surprises in this report. Corn acreage at 92.3 million acres was 1.6 million acres higher than the average trade guess and higher than the highest estimate, but close to the March 31 planting intentions. This would be the second highest acreage since 1944, only 2007 would be higher. Continue reading
Cotton prices are mixed with corn, soybean, and wheat prices down since last Friday. The September U.S. Dollar Index was trading before the close at 76.13, up .66 since last Friday. The Dow Jones Industrial Average before the close was 11,960; down 94 points for the week. Crude Oil was trading at 90.59 a barrel, down 2.81 a barrel since last Friday. A strengthening dollar and concerns over the world’s general economic picture have weighed heavy on the market this past week. Continue reading