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
Lean Hog Bulls Show a Little Fight -

On Thursday, October futures were up by more than $1, while the other front months were 10 to 90 cents higher. June was lower ahead of next week’s

Ag Market Commentary -

Corn is fractionally higher this morning after posting gains of as much as 5 cents per bushel on Thursday. The new crop soy/corn ratio was 2.558 on

Wheat Higher in All Three Futures Markets -

Wheat has followed the Thursday gains with 1 to 3 cent advances this morning. SRW futures were 10 1/2 to 11 3/4 cents higher at the close on

Cotton Market 49 to 53 Higher To Start Friday -

Cotton Futures are 49 to 53 points higher to start the Friday session. Front month cotton futures ended yesterday with losses of 14 to 48 points.

Cattle Market Choppy As Beef Retreats -

Front month fat cattle futures regained another $0.27 to $1.05 from Tuesday’s drop. Feeders were 50 to 72 cents higher on Thursday with Sept at

Soybeans 3 to 4 Higher on Improving Export Activity -

Soybeans are 3 to 4 cents per bushel higher this morning after having posted double digit gains on Thursday. Aug and Sept bean futures were up 9 3/4

Full commentary...
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