MARKET OUTLOOK & ADVICE
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CORN
Corn futures are trading lower at midday.
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Corn futures are trading lower at midday. Profit-taking is pressuring prices lightly after the nearby contract hit the highest level in over a year on Wednesday. Recent market support has come from ideas that corn yields will fall short of USDA's August number. Strong export demand is helping to limit losses. Weekly export sales reported this morning were strong at 66.4 million bushels. December is 1 3/4 cents lower at $4.45 and March is 1 1/2 cents lower at $4.58 1/4.
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SOYBEANS
Soybean futures are lower at midsession.
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Soybean futures are lower at midsession. The market is being pressured by smaller-than-expected weekly export sales. New-crop sales of 22.5 million bushels were below trade expectations. There has been talk this week that China will be slowing soybean purchases. But losses are being limited by recent private trade estimates of lower U.S. soybean yields compared to USDA's August estimate. November is 4 cents lower at $10.01 1/2 and January is 3 3/4 cents lower at $10.11 1/4.
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WHEAT
Wheat futures are trading higher again at midday.
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Wheat futures are trading higher again at midday. The market was supported by the Russian Prime Minister saying that the country would ban grain exports until after the 2011 harvest. Weekly export sales reported this morning were above trade expectations at 37.6 million bushels. CBOT Dec is 9 cents higher at $7.17 3/4, KCBT Dec is 8 1/2 cents higher at $7.35 1/4 and MGE Dec is 8 1/2 cents higher at $7.34 1/2.
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CATTLE
Cattle futures are trading higher at midsession.
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Cattle futures are trading higher at midsession. December through April 2011 futures rallied to new highs on fund buying. Cash trade has developed at $96-$97 this week, down $2-$3 from last week. Year-to-date beef export sales were up 31% from year ago. October is 70 cents higher at $98.45 and December is 50 cents higher at $101.10.
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HOGS
Lean hog futures are higher at midday.
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Lean hog futures are higher at midday. Fund and commercial buying has pushed futures higher. The tone in the cash market is weak, but there is some talk of firm cash trade next week. Packer margins remain strong even though pork prices have fallen $6 since setting all-time highs early last week. October is $1.05 higher at $76.00 and December is 88 cents higher at $73.75.
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COTTON
Cotton futures are sharply higher at midsession.
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Cotton futures are sharply higher at midsession. Futures have rallied to new highs and speculative buying is extending gains. The market is higher despite export sales of 252,200 bales, which were about half of the previous week. October is 136 points higher at 91.49 cents and December is 214 points higher at 89.55.
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SORGHUM
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GENERAL AG NEWS
September 02, 2010 12:14pmUSDA, DOE partnership seeks to develop plants better suited for bioenergy
Agriculture Secretary Tom Vilsack and Energy Secretary Steven Chu today announced $8.9 million in research awards under a joint DOE-USDA program aimed at improving and accelerating genetic breeding programs to create plants better suited for bioenergy production.
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MARKET MOVER NEWS
SPECIAL FEATURES
- WSJ Feature on Financial Reform’s Potential Impact on Farmers
- K-State Findings on Convergence Problems at KCBT
- R-CALF USA anti-trust charges against U.S. packing industry
- CAST ISSUE PAPER: Animal Productivity and Genetic Diversity through Cloned and Transgenic Animals
- Independent Analysis of Indirect Land Use Study Finds the Science Lacking
AUDIO
Alternative content
Doane Economists Marty Foreman and Bill Nelson Talk about this year's Crop Tour.
Alternative content
Johanns: Farmers Do Not Believe Climate Change Estimates — Senator and former USDA Secretary Mike Johanns says farmers do not believe USDA estimates that climate change legislation will be profitable for the ag sector.
updated 7/15/2010
DOANES DATA DASHBOARD
- Corn and Global Feedgrains
- Soybeans and Global Oilseeds
- U.S. and Global Wheat
- Rice
- Cotton
- Wheat Stocks by Class
- Current 2010/2011 Wheat Prices Versus History and USDA Forecast -- updated 8/27/2010
- Current 2010/2011 Corn Prices Versus History and USDA Forecast -- updated 8/27/2010
- Current 2010/2011 Soybean Prices Versus History and USDA Forecast -- updated 8/27/2010
- Latest Milk Production Report-- updated 8/24/2010
- Latest Cattle on Feed Report Analysis and Forecasts -- updated 7/23/2010
- Latest Hogs & Pigs Report Analysis and Forecasts-- updated 6/29/2010
GUEST COLUMN / CROP TALK
Watch Cercospora Leafspot In SugarbeetsCercospora is generally more severe than it has been over the past 10 years. more»
