Corn
USDA in this month’s report raised ending stocks 55 million bushels from April to 730 million bushels for the 2010/11 marketing year, compared to the average trade guess of 665 million bushels. Changes made in the U.S. numbers include a 5 million bushel increase in imports and a 50 million bushel reduction in exports. The stocks to use ratio is still at a tight 5.4%. Continue reading
Corn, cotton, soybeans, and wheat prices are all down for the week as a broad based commodity selloff led by metals and oil were accelerated by strength in the Dollar. The June U.S. Dollar Index was trading mid day at 75.09, up 1.99 for the week as influenced by the European Central Bank decision to leave interest rates at their current level. Continue reading
Corn prices are up; soybeans mixed with cotton and wheat prices down for the week. The June U.S. Dollar Index was trading mid day at 73.16, down 1.16 for the week and at its lowest since July, 2008. A weaker dollar continues to be supportive for commodity prices. Continue reading
Soybean and wheat prices are up with corn and cotton prices mixed for this holiday shortened week. Markets are closed on Friday in observance of Good Friday. The June U.S. Dollar Index was trading mid day at 74.32, down .70 for the week and at its lowest since August, 2008. Continue reading
Corn, cotton, soybeans and wheat prices are all down for the week. The June U.S. Dollar Index was trading mid day at 75.02, down .25 for the week. The Dow Jones Industrial Average traded before the close at 12,352; down 28 points for the week. Continue reading
Corn, cotton, and wheat prices are up with soybean prices mixed for the week. The June U.S. Dollar Index was trading mid day at 75.25, down .91 for the week. The Dow Jones Industrial Average traded before the close at 12,368; about unchanged for the week. Continue reading
USDA released their monthly supply & demand projection today with more market reaction coming from outside influences such as a lower dollar and higher crude oil than from the report. Continue reading
Corn, soybean, and wheat prices are up with cotton prices mixed for the week. Continue reading