Market Commentary

August 6, 2013

Good Morning,
 
Yesterday afternoon the USDA raised the corn condition in the G/E category by 1% bringing it to 64%. They raised the ratings in IL, OH, NE, MO and KS while lowering it in IA and MN. Wisconsin came in at 60% G/E which is down 1%.
On Monday 8/12/13 the USDA will release its August S&D report which many that are looking for a bounce in the markets are hoping they will adjust planted acres lower. While this could happen, there is a good chance they will raise yield which most likely will negate any bullish support the acreage number would have supplied. Private estimates released over the last few days are expecting yields in the 158-161 bpa.  Read More

Commentary
Hog Market Ended Up Triple Digits -

Lean hog futures closed the day with gains of $1.52 to $2.25. For April the $2.25 rally brought futures to the highest price level since Oct-Dec of

Cattle Market Gains for Weekend -

Fat cattle futures closed the Friday session with $0.75 to $2.62 gains. The markets were closed prior to the monthly CoF numbers. Feeder cattle

Wheat Closed Double Digits in Red -

The wheat complex fell in the broad grain selloff ahead of the weekend. CBT SRW futures weakened 3.56% to 3.97% on the day. KC HRW wheat futures

Beans Drop Half a Dollar -

Soybean prices go into the weekend with losses of at least 56 cents in the front months. The entire complex weakened on Friday, but the board crush

Cotton Prices Weaker for Weekend -

At the close on Friday, front month cotton prices were 74 to 101 points in the red. USDA reported 292,355 RBs of cotton sold for export on the week

Corn Prices Close Near Lows -

Corn futures head into the weekend with double digit losses. March futures touched limit down briefly, bounced, and still closed near the session

Full commentary...
Local Weather
Weather radar map

Johnson Creek, Wisconsin (53038)

Zip Code:

© 2021 Freese-Notis Weather