The pressure was due to negative fundamentals as rapid planting progress is giving the grains a chance at above average yields in most regions. To top that off, most of the U.S. is sitting with adequate to surplus moisture conditions.
Grain markets seem to be stuck in Groundhog Day
For the month of April, Minneapolis wheat for July and September was up 22%, July corn was up 23%, and December corn was up 18%. Both July and November soybeans were up 7%, making April the 11th straight higher monthly close for soybeans. All of the grains are hovering around eight-year highs. Written By: Randy Martinson | ×
Erin Ehnle Brown / Grand Vale Creative LLC
The rally in the grains continues with all of the grains gapping higher to start the new month. New highs were established in Minneapolis wheat and old crop corn, while the winter wheat exchanges, soybeans, and new crop corn fell short of hitting their previous contract highs.
forecasts
Broad Risk Reduction from Funds Failed to Spoil Strong Q1 for CommoditiesThe below summary highlights futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, March 30. A week that saw renewed selling of the tech heavy Nasdaq, as US ten-year yields climbed to the highest since January 2020 and the dollar rose. The Bloomberg Commodity index finished a strong quarter despite five consecutive weeks of net selling from hedge funds.
1 hour ago (Apr 06, 2021 01:09 PM GMT)
Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.
Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports.
This is the second week of higher cash cattle after a long stretch of prices unwilling to budge. There are signs pointing to packers needing cattle to meet beef demand, and many cattle feeders are using that to hold out for higher bids.
Last week’s harvest estimate was 646,000 head, down slightly from the previous week, but about 20,000 head lower than the levels we had seen early in 2021.
Soybeans fall double digits in Friday s session farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.