Reading Time: 2 minutes MarketsFarm – Analysts are finding the United States Department of Agriculture’s (USDA) 2021-22 monthly crop estimates, which will be released on Aug. 12, to be very hard to predict. “It seems to me that the range for corn guesses are way, way wider than what we’re getting for new crop beans,” said Sean Lusk, vice-president […] Read more
CBOT weekly outlook: USDA forecast depends on ‘a lot of moving parts’
CBOT weekly outlook: Analysts await USDA crop estimates
Reading Time: < 1 minute MarketsFarm – Traders at the Chicago Board of Trade (CBOT) are positioning themselves ahead of the United States Department of Agriculture’s monthly crop estimates to be released on Aug. 12. Estimates from private firms and speculation over how accurate they will be compared to the USDA’s are making their mark on the markets. “I think […] Read more
CBOT weekly outlook: More information needed for wheat, soybeans
Reading Time: 2 minutes MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry, […] Read more
CBOT weekly outlook: Large corn, soybean crops expected
Reading Time: < 1 minute MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more
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