Thursday, January 21, 2016

Morning Dairy Comments, 01/21/2016

Thursday, January 21, 2016

General Market News · Jobless claims jump again to 7-month high · The ECB leaves interest rates unchanged as Euro area inflation weaker than expected · Russian Ruble fell more than 5% overnight to a new record low · Southwest Blizzard Update: Farmers Paid $4.5 Million for Lost Milk Production... Learn More →

Wheat Report, 01/21/2016

Thursday, January 21, 2016

The wheat market could not fight through weakness from the continued collapse in world equity markets, closing 1-5 cents lower. Funds sold 2k contracts on Wednesday, taking the net short to 80k contracts. Egypt’s GASC is tendering for wheat for Feb. 20-Mar. 1 shipment, with the lowest offer from... Learn More →

Morning Livestock Report, 01/21/2016

Thursday, January 21, 2016

Just as we experienced late last week, the cattle markets again fell victim to much weaker outside markets, with fresh lows in the equity and energy markets sapping interest from any would be buyers. At limit lower midday, April live cattle futures did fulfill an important technical objective,... Learn More →

Morning Grain Comments, 01/21/2016

Thursday, January 21, 2016

Corn is still bucking the trend (or lack thereof) this morning with a slow but steady rally to fresh one-month highs—if it’s purely a shortcovering rise, it’s a much more lasting one than we’ve seen in the last three months. The rest of the grains remain mired on the charts, with wheat once again... Learn More →

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