Commentary
Back-and-forth block trade underpins Class III
Class III opened under selling pressure Wednesday morning, following heavy overnight trading that pushed prices to as much as 37 cents lower (Sept). Volume continued to grow at a steady pace into the spot market, which saw more of the same back-and-forth activity that we’ve become accustomed to.
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U.S. grain and soy review: Profit-taking pressures grain futures
U.S. grain and soybean futures fell Wednesday, succumbing to selling driven by traders taking profits on prior gains.
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CBOT corn outlook: Traders book some profits after rally
U.S. corn futures are expected to start mixed as traders take some profits after prices surged Tuesday on declining output estimates.
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CBOT corn outlook: Seen lower as crop ratings stay steady
U.S. corn futures are expected to start lower Tuesday on better-than expected condition ratings for the crop.
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Corn prices continue slow climb
U.S corn prices increase by $0.08 to $6.46 per bushel this month, making the third consecutive month to improve slightly from the month before. This is the highest average corn prices in the past 27 months. Colorado posted the largest increase in corn prices as prices climbed $0.44 to $7.01 per bushel. North Carolina saw the largest drop in corn prices as prices plummeted $0.94 to $7.07.
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CBOT corn outlook: Seen higher as U.S. debt deal fuels buying
U.S. corn futures are expected to start higher Monday as a preliminary agreement to raise the U.S. debt limit lifts financial and commodity markets.
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Dairy markets end July on firm note
Class III prices on Friday continued to climb early on, but were more subdued following a spot session that had the same pattern as most of the week’s activity. Unchanged offers on both the block and the barrel opened the session, but prices were then offered lower to 2.1450.
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CBOT corn outlook: Lower on debt jitters, Midwest rainfall
U.S. corn futures are expected to open lower Friday amid ongoing jitters about the U.S. debt crisis and rains that should help the crop in some areas.
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Block cheese remains at $2.155
On Thursday, futures prices came out of the gate strongly with prices moving sharply higher on large volume prior to the spot session. September climbed all the way to 20.90 at one point — up 35 cents.
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CBOT corn outlook: Seen lower on lackluster export sales
U.S. corn futures are expected to fall early Thursday as weaker-than-expected export sales weigh on prices.
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CBOT corn outlook: Seen starting lower on wetter forecasts
U.S. corn futures are expected to start lower Wednesday as weather forecasts indicate rains will give crops a boost.
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