Limited changes likely before June 30 acreage & quarterly stocks reports. Market analysis report from Senior Grain Strategist Jerry Gidel. View report by clicking here (PDF). Jerry Gidel 141 West Jackson Blvd., Suite 1340A, Chicago, Illinois 60604
312 264 4369 (Direct) | 800 769 7021 (Main) | 312 264 4399 (Fax)
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[Gillian Rich, Investor’s Business Daily] Oil futures fell hard Wednesday toward 2017 lows as the Energy Department reported a surprise jump in U.S. crude stockpiles. The Energy Information Administration said U.S. stockpiles jumped by 3.3 million barrels last week. Analysts expected a 3.5 million barrel decline in inventories. Gasoline inventories increased by 3.3 million barrels. Late Tuesday, the American […]Continue Reading →
DJ 2017-18 U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017-18 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Friday.
2017-18 WHEAT PRODUCTION
Average Range USDA May USDA 2016-17
General Comments: Cotton was a little lower and closed near the lows of the day. USDA showed good crop progress and improving crop conditions in its reports this week, and it looks like the better weather is continuing. Warmer and drier weather is expected this week in most production areas. The charts show […]
An active night for global markets including a terror attack in Iran, the takeover of Banco Popular in Spain, not to mention the American Petroleum Institute Report that showed a big drop in crude supply but big increases in gasoline and distillates. Fox News reports that ISIS has claimed its first attack in Iran after […]Continue Reading →
Today we have EIA Gas Storage at 9:30 A.M., Consumer Confidence and Dairy Product Sales at 2:00 P.M. On the Corn front tomorrow we will have Export Sales and on Friday we will have Crop Production USDA Supply/Demand and weather is increasingly becoming a different kind of factor with several weather modules forecasting a hotter […]Continue Reading →
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