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The rally in oil stalled Wednesday after a four-day as weekly U.S. crude stockpiles at above three-year highs offset some of the concerns over...
Ethanol production in the United States averaged 1.117 million barrels per day (bpd) in the week ended Aug. 7.
Blogger Tiffany Dowell Lashmet says deals generally should be settled in writing, but some handshake deals turn out to be winners for both parties.
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AgHost Grains Close
September corn closed up 20 1/4 cents and December corn was up 20 1/4 cents. September soybeans closed up 13 3/4 cents and November soybeans were up 14 1/2 cents. September KC wheat closed up 21 1/2 cents, September Chicago wheat was up 22 1/2 cents, September MIAX Minneapolis wheat was up 13 3/4 cents.
AgHost Livestock Close
The livestock complex ended the day mixed again, with the cattle contracts disappointed that no more fundamental support is developing. In contrast, the lean hog contracts ended the day a touch stronger.
DTN Weekly DDG Price Steady on Average
DTN's weekly average spot price for domestic distillers dried grains is steady versus one week ago.
Milk Futures Reflect the Lack of Direction
There was more positive excitement in Class IV futures due to the increase in the nonfat dry milk price. Class III futures remained mixed, with underlying cash providing no direction. Then USDA lowered its expectation for milk prices in 2027 by 100 million pounds.
Ethanol Prices Follow Corn Market Higher
Ethanol futures shifted higher Wednesday, with the majority of traders' focus placed on the USDA WASDE report and its impact on expected corn demand.
Fertilizers Start August With Mixed Prices as 5 Nutrients Decline, Led by UAN32
Retail fertilizer prices are somewhat varied as the calendar changes over to August. Five of the eight major fertilizers are lower compared to last month with the remaining three nutrients slightly higher. DTN designates a significant move as anything 5% or more.
WASDE, Production Reports Disappoint Cotton Market
The cotton market fell from its 85.25 cent high on Wednesday amid lackluster supply-demand numbers.
ICE Canola, Soybeans, Corn, Wheat Lower Tuesday
November canola closed down C$13.90. September corn closed down 1 1/2 cents and December corn was down 1 1/4 cents. September soybeans closed down 10 1/4 cents and November soybeans were down 10 3/4 cents. September KC wheat closed down 14 1/4 cents, September Chicago wheat was down 10 1/4 cents, September MIAX Minneapolis wheat was down 10 3/4 cents.