Despite volatile trading, ICE Cotton futures settled only slightly higher this week at 93.74 c/lbs basis the K4, and not much change is seen in the overall open interest. The week opened down sharply on Monday, followed by a 350 pts gain on ...
Tags: Cotton Futures, Volatile Trading
Today, we await a much anticipated WASDE report. Ahead of this release, the markets this morning show wheat on the decline, flirting with 574 while March soybeans remain buoyant in the 1330's. Corn is steady in the lower 440's. Recently, ...
USDA left the U.S. ending stocks number for soybeans unchanged in its monthly World Agricultural Supply and Demand Estimates (WASDE) report, deflating hopes of what some market-watchers said could be a bullish jolt for that pit. At the ...
USDA's February WASDE increased their forecast of slaughter steer prices in 2014 by $2.50/cwt. They now expect the 5 area average for slaughter steers this year will be between $132/cwt and $140/cwt. USDA is predicting 2014 beef production ...
Tags: Agriculture, Food
USDA released bullish production and ending stocks data for corn Friday morning, while soybean data fell well within previous trade estimates for both variables, making the federal data neutral for that crop, traders say. In its Grain ...
Tags: Corn, Agriculture
WHEAT: U.S. wheat supplies for 2013/14 are unchanged this month, but lower expected use raises projected ending stocks 33 million bushels. Feed and residual use is lowered 60 million bushels reflecting disappearance for June-November as ...
Tags: Wheat Exports, Wheat, Bushels
Although the trade was expecting a slight increase, USDA's January supply and demand report (WASDE) trimmed the size of the 2013 corn crop by 64 million bushels to 13.925 billion. They increased the number of acres harvested by 0.5 million, ...
Tags: Hog, Hog Outlook, Hog Prices
Both slaughter steer prices and beef carcass cutout values set new record highs this week. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $139.54/cwt, up $2.08 from a week ago and up $13.18 ...
The forecasts for total red meat and poultry production for both 2013 and 2014 are lowered from December. For 2013, beef production is raised, but pork, broiler, and turkey production are reduced. The forecast for 2014 is reduced as lower ...
Tags: Hog, USDA Wasde, US Hog Prices
By lowering ending stocks estimates, the USDA released market-friendly data Friday. As a result, the corn finished double-digits higher. The March corn futures contract closed 20 3/4 cents higher at $4.32. The March soybean futures ...
Tags: Agriculture, Food
The USDA released its monthly Crop Production and WASDE reports earlier this month and Kansas State University Extension Agricultural Economist Dan O’Brien has been crunching the numbers to see what they portend for grain prices in ...
Tags: Grain Prices, Record Levels
Corn and soybeans were up; cotton was mixed; and wheat was down for the week. As the Christmas season quickly approaches trading volume has reduced substantially with the exception of soybeans which have high volumes when accounting for ...
Tags: Crop Comments
ICE Cotton had its best week since August, gaining almost 400 pts to settle at 83.22 c/lbs basis H4. The USDA WASDE release on Tuesday was a non-event – failing to include an increase in US exports as had been expected by many – ...
Tags: ICE Cotton, Textile
ICE cotton settled slightly lower this week, closing at 83.11 basis Z3. Growing cert stocks and lower YoY Chinese cotton imports in September prompted bearish headlines that, along with sagging technicals and ideas that the US crop may be ...
When tropical storm “Karen’ and typhoon ‘Fitow’ failed to deliver the expected punch to cotton areas in the US and China over the weekend, the market quickly relinquished some of its weather premium when trading ...
Tags: NY Cotton