As expected, limited changes before June 30 acreage & 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)
www.pricegroup.com Member […]
DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
WASHINGTON–The following are key numbers from USDA’s crop report Friday
and how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. 2017 Corn, Soybean Production, Yield (million bushels, bushels per acre)
Estimate Average […]
General Comments: Cotton was lower in reaction to the USDA reports. The reports showed unchanged ending stocks estimates when compared to last month for the current marketing year. This was about as expected. Export demand for the next marketing year was cut and ending stocks were increased, and this was a bearish signal […]
Saudi energy minister, Khalid Al-Falih, was touring Russia over the weekend and suggested that there could be a further cut in oil production if oil inventories did not start to drop dramatically. While Al-Falih believes we will start to see inventory tightening accelerate in the coming weeks, he said that if we don’t see inventory […]Continue Reading →
The weather has changed and we can expect to be hot and dry, even if we have some rain creating some moisture, the heat is on. With a bumper crop expected in South America U.S. farmers will sell into any type of rally pressuring the basis. And for now the market has a bearish fundamental […]Continue Reading →
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