[Brian L. Milne, DTN Refined Fuels Editor] Nearest delivered oil futures traded on the New York Mercantile Exchange and Brent crude on the IntercontinentalExchange were little changed early Friday, trading on either side of Thursday’s settlements as they continue to consolidate at the low end of this week’s trade range. Overnight, West Texas Intermediate, Brent, […]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 higher on buying before the USDA reports today. The reports are expected to show about unchanged ending stocks estimates when compared to last month. Warmer and drier weather is expected nest week in most production areas, but a few showers are possible this weekend. The charts show that July […]
This morning we have Wholesale Trade at 7:30 A.M. and in the big picture Crop Production USDA Supply/Demand at 11:00 A.M. followed by Cherry Production at 2:00 P.M. On the Corn front Mother Nature once again changed the dynamics to this market with weak prices and who can say oversold. But as expected any kind […]Continue Reading →
Earth shattering politics seem to be the norm for global markets to digest as it is getting harder to shock anybody. UK Prime Minter Theresa May’s move to call for a snap election to shore up support for Brexit negations backfired, big time, leaving a hung parliament losing seats for the conservative because of the […]Continue Reading →
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