Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
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Note this is where we have gone with Soymeal since January and we still have about $40.00 to go…..
Soybean bears seem to be making a little more noise about a burdensome balance sheet. The production problems in Argentina have been well advertised, but the trade seems uncertain about the full extent of damage. The Rosario Grain Exchange made a huge cut yesterday to their Argentina soybean production Read More
The latest U.S. Drought Monitor remains relatively unchanged in areas like Kansas and Texas that are currently experiencing D3 or extreme drought, or parts of northwestern Oklahoma in the D4 or exceptional drought stage.
Grains
Grain prices this morning are mixed with Mar corn unch, Mar soybeans -1.75 (-0.17%), Mar wheat +0.25 (+0.06%). Grains on Wednesday settled mixed: Mar corn +0.25 (+0.07%), Mar soybeans +7.75 (+0.75%), Mar wheat -2.00 (-0.45%). Bullish factors included (1) drought concerns in Argentina, the world’s largest soybean Read More
Gives the lie that exports are whats behinds higher DDG prices since exports for 2017 are BELOW 2016 !
