Commentary
U.S. grain and soy review: Nearby grains recover from slide
U.S. grain futures finished mixed Thursday as the markets rebounded from multimonth lows.
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Butter prices fall ahead of bearish cold storage report
Class III prices traded light volume, failing to reach the 1k mark in volume yesterday, as just 850 trades occurred and prices were lower across the board from July 2011 all the way out to June 2012.
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U.S. grain and soy review: Corn, wheat slide as supply fears ease
U.S. corn futures tumbled to the one-day limit on losses Wednesday and wheat futures fell more than 4% as concerns over low supplies eased.
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Stable spot prices tug on futures
Class III finished mostly higher Tuesday on a quiet, but stable, spot cheese market and perhaps a slight recognition of firmer outside markets. The reality is that we’re beginning the five-week pricing period for July milk, and though the spot cheese price is at historically demand debilitating levels, traders find it difficult to sell into a steeply discounted market.
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U.S. grain and soy review: Markets rise on weak dollar, crop
U.S. grain and soybean futures jumped Tuesday as weakness in the dollar and increasing concerns about crop conditions boosted prices.
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CBOT corn outlook: Seen higher as Greece concerns ease
U.S. corn futures are expected to start stronger Tuesday as easing concerns about Greece's debt crisis lift commodity prices.
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Block cheese closes at $2.13 on the CME
Another 1k+ trading session brought with it price increases to the Class III market. With the still substantial price discount in place vs. the spot pricing, futures need to see spot tumble in order for futures declines.
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Class III recovers losses; CME spot markets stable
To the confusion of many, spot cheese prices continue to hold at current levels and even push higher. The futures have built in a steep discount and an inverted curve already pricing in and guessing when a decline will occur.
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Corn futures strongly lower at midsession
Corn futures are trading sharply lower at midsession. Improved crop weather in the Corn Belt and news that China was again raising its bank reserve requirements in an attempt to slow inflation are pressuring the market.
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CME spot prices supported, but mostly quiet Monday
Class III activity was moderate Monday with 767 contracts traded. While prices started off the morning mostly lower, Class III futures from June through October jumped after spot session which saw blocks hold steady at 2.11, while barrels were bid up ¼ cent.
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Market worry seems to be waning
Class III activity was very light Friday to end an active week. With just a lone offer in the blocks, and the spot markets each closing unchanged, futures seemed to lack much of a direction.
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- 4 rules for growing a business or industry
- Corn planting pace turns from record slow to record fast
- Ag markets seemed to follow gold higher Monday afternoon
- Online systems keeps exporters abreast of market regulations
- April milk production up 0.3 percent
- New crop cottonseed market rallies in face of tight supplies
