From the daily archives: Wednesday, August 9, 2017

Illinois Crop Tour 2017!

On August 9, 2017 - 3:05 PM By

Each year Price Group’s Grain Specialists Jack Scoville and Jerry Gidel take a summer tour of the crop conditions in Central Illinois and produce an update on the conditions they find. Below is a summary and link to their report! This year’s corn yields are highly variable ranging from 140s to near 240 bu. with […]

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[Daniel J. Graeber, UPI] The price of oil moved lower late Tuesday on what was seen as a bearish report on U.S. oil and gasoline inventories. Crude oil prices were on solid black territory in early Wednesday trading as geopolitical tensions escalated between the United States and North Korea. Crude oil prices drifted into negative […]

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[By Wallace Witkowski, Fox Business News] The American Petroleum Institute reported Tuesday that U.S. crude inventories declined while gasoline inventories increased for the week ended Aug. 4. API data showed that crude inventories declined 7.8 million barrels, while gasoline inventories increased 1.5 million barrels, according to sources. “Another big draw on crude suggests that market […]

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Morning Grains. 08/09/17

On August 9, 2017 - 9:51 AM By

DJ U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release […]

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Morning Softs. 08/09/17

On August 9, 2017 - 9:47 AM By

COTTON
General Comments: Cotton was higher on follow through buying. USDA showed mixed conditions on Monday, with some crops showing improvement and other crops showing deterioration. The progress remains a little behind the five-year average. The market thinks USDA could cut production estimates slightly due to earlier stressful weather, and also notes very good […]

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This morning we jumpstart the day with Wholesale Trade at 7:30 A.M., EIA Energy Stocks at 9:30 A.M. and Dairy Product Sales at 2:00 P.M. On the Grain front all was quiet on the western front ahead of tomorrow’s Crop Production USDA Supply/Demand data. Where investors are concerned we may have a surprise number. In […]

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Oil prices sold off after President Donald Trump’s fire and fury comments in response to the rising threat from North Korea. Reports that North Korea has created a small nuclear war head and now is threatening Guam is increasing the odds of a major conflict. Concerns that rising tensions may inhibit growth saw oil fall […]

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