Rough Rice Commodity Markets, Prices & Futures
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Latest News From Rough Rice
Sens. John Thune (R-SD) & Amy Klobuchar (D-MN), members of the Senate Ag Committee, led several of their colleagues in requesting that USDA Sec. Vilsack address implementation issues with the Emergency Relief Program...
Livestock were pulled down by the outside markets and poor weekly exports, plus profit taking. Grains ended mixed with export news and weather the focus.
Midday markets are mixed in the grains and hogs, lower in cattle.
Grain and livestock markets opened mixed on Thursday following weekly exports, watching macro markets. Michelle Rook has analysis with Randy Martinson, Martinson Ag.
The July WASDE report from USDA shows while soybean production this year is expected to fall due to fewer soybean acres planted across the U.S., USDA is also forecasting a drop in exports.
Non-GMO soybeans at R2 to R3 are seeing weed flushes. You will ‘burn’ the beans to get rid of waterhemp, but that’s a better option than leaving the weed to flourish, go to seed and fill the seed bank for next spring.
The ruling delivers a blow to Democrats and environmental groups, who want the agency to crack down on emissions from power plants and other sources to mitigate climate change.
Soybean acres are estimated at 88.3 million, up 1% from last year. This is down from March’s estimate of 90.955 million and below the pre-report trade average of 90.446 million.
Wednesday’s markets held together despite a bearish CPI number, with the exception of cotton and wheat.
Food prices jumped 10.4% from year-ago in June – the biggest annual gain since February 1981.