commodity investing 101

commodity investing 101

June 9th, 2017

Grain prices struggled to hold their ground as concerns over 100-degree temperatures in the US clashed with forecasts from a much-watched report showing bigger-than-expected stocks of corn, soybeans and wheat ahead.

The US Department of Agriculture, in its much-watched monthly Wasde briefing on world crop supply and demand, raised its estimate for world and US corn and soybean inventories at the close of 2017-18 by more than had been expected.

And while the estimate for US corn stocks was left unchanged, that defied expectations of a decline, although the forecast for world inventories of the grain did fall below the figure the market had expected.

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wheat futures brokers

wheat futures brokers

June 6th, 2017

The US is poised for more of the warm and dry weather which has got the country’s spring wheat harvest off to one of its worst starts on record – although fostering a recovery in corn crop condition.

Weather models for this week “show most of the Plains and the Midwest areas to be either dry or completely dry”, said weather service WxRisk.com overnight, with “the only significant rains” seen in southern states such as Alabama and Tennessee.

And for the six-to-10 day outlook, while rains are expected for parts of the central plains, including Oklahoma, into eastern Corn Belt states such as Iowa, “weather models also agree that most of this rain is going to miss… all of South Dakota, North Dakota whey really need the rain”.

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