Skip to main content

Grains look to open steady to slightly higher as various points of technical support are tested. A mostly wetter forecast threatens flooded areas in the West but provides needed moisture elsewhere. It is a short holiday week with markets closed for Independence Day on Thursday. In the Headlines December corn futures lost 32 1/2 cents last week. November beans were lower by 16. September Chicago wheat futures were down for a fifth straight week after losing 2 1/4 cents.  Sep KC wheat futures were down just 3/4 cent. August live cattle closed the week higher by $2.27 while August feeders were up 92 cents. August lean hogs were up 17 cents. Just more than half of the weekly loss for corn came on Friday following another bearish surprise from the USDA. Corn stocks were about 2.5 percent higher than the average trade guess and acres were a little more than 1 percent higher. Soybean stocks were just marginally higher than expected while acres were about 650,000 lower than the average trade guess. There was a lot left open to uncertainty since there were 3.36 million corn acres and 12.77 million soybean acres estimated to be left unplanted when the survey…

This content is for members only.
Already a member? Log in here

Sign Up For The Commstock Report

Sign Up Now to Improve Your Marketing and Protect Your Profits


Already a Subscriber?
Sign In