Ag weather trumps crop report

FOR WEDNESDAY: (7/13) Not sure what we learned from the reaction to Tuesdays reports other than the funds will buy overbought conditions if they think there is any hint of prices going up. We’re open to higher prices into Friday and if the weather changes it looks like the market could dump early next week….


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More corn ending stocks?

FOR TUESDAY: (7/12) The 6- to 10-day forecast (July 16-20) shows hot, but seasonal moisture for the Midwest. Soybeans last week rated 71% good/excellent. On Tuesday, the USDA releases the monthly WASDE report with the trade largely expecting an increase in 2016/2017 corn ending stocks. Tuesday’s WASDE report is expected to raise 2016/2017 soybean ending…


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Fortucast Ag Markets Overview

FOR MONDAY: (7/11) Oversold conditions on Friday led to short-covering and weather reports change every 12 hours. For now, the trade wanted to take profits but cycle seem lower Sunday-Tuesday for grains unless we get some new weather forecasts turning hotter and drier. Meats still look under pressure early next week but may do some…


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