KC wheat looks toppy here, down 5 from the close yesterday. Oilseeds remain quiet while corn spreads back off.
Corn falls further behind, beans are only slightly off pace. Cotton is ahead of last years harvest pace. Wheat conditions are downgraded.
Dec contract fights with high pork production, limiting cash price advances. Feb and beyond remain strong as potential Asian demand supports
USDA November WASDE Recap 11/8
Progress reports saw corn miss,beans were on expectations and cotton was ahead. Are harvest worries for corn enough to cause a turn around?
We like buying Feb selling April on this morning’s break
Hog markets broke into the weekend on weaker cash, high slaughter and heavy weights. We look for this trend to continue. Sell rallies in Z.
Summer contracts took it on the chin as cash was supportive the front of the curve.We will look to buy Z or G-J spreads on breaks, next week
Corn, beans and wheat trade just off weekly lows for this week. US-Chinese trade negotiations take place via phone today.
We saw a big jump in bean harvest pace, corn remains slow. Both markets sit above important support levels.