Sign In  |  Register  |  Find Reseller  |  Syngenta Global
Market Headlines
Hogs: Afternoon Comments (Monday, January 23, 2017 14:23:34)

Lean hog futures are called mixed amid spreading. Hog futures were choppy last week as traders aligned nearbys with the cash market. Meanwhile, pork values improved $1.44 on Friday to boost packers' margins. But movement was a light 241 loads. The cash hog market is expected to be mostly steady this morning, but we wouldn't be surprised to see some firmer tone develop as packers have incentive to keep kill lines running as full as possible. For the week ended Jan. 21, dressed hog weights rose 1 lb. from the previous week, but are 1 lb. lighter than year-ago.

Soybeans: Afternoon Comments (Monday, January 23, 2017 14:21:33)

Soybean futures are called 3 to 5 cents lower on improved South American weather. Soybean futures saw additional profit-taking overnight, but pressure was limited by a weaker tone in the dollar. A welcomed drying pattern in Argentina has developed. Meanwhile rains in Mato Grosso, Brazil are slowing harvest. More rains are in the forecast this week for the state, which could keep the U.S. export window open a bit longer. China imported 83.913 MMT of soybeans last year, including 34.171 MMT from the United States. This was a 20.26% gain from the year prior. The latest CFTC data showed large speculative traders added 37,914 contracts to their net long position. China's Dalian soybean futures were lower and Malaysian palm oil futures were marginally higher overnight.

Corn: Afternoon Comments (Monday, January 23, 2017 14:19:20)

Corn futures are called marginally to 1 cent lower. Corn saw some support overnight from a weaker tone in the dollar index, but buying was limited by a weaker tone in the soybean market and futures ended the session mostly a penny lower. Bulls have the advantage heading into the week following last week's strong gains. Traders are encouraged by the recent uptick in export demand that comes when the U.S. soybean export season typically winds down. But U.S. corn shipments to China totaled just 223,032 MT in 2016, down 51.7% from the year prior. According to CFTC data for the week ended Jan. 17, large speculative traders trimmed their net short position by 21,566 contracts.

Wheat: Afternoon Comments (Monday, January 23, 2017 14:20:38)

Wheat futures are expected to open under light pressure. SRW and HRS wheat futures favored a weaker tone in narrowly mixed trade overnight, while HRW futures ended the session mostly a penny lower. A weaker tone in the dollar index limited selling. Reminding of burdensome global supplies, SovEcon says Russia needs to speed up its grain export to ease pressure from a record 2016 crop on the domestic market. According to the latest CFTC data, large speculative traders added 5,685 contracts to their net long position in SRW futures. But large speculators added 5,790 contracts to their net long position in HRW futures.

Cotton: Afternoon Comments (Monday, January 23, 2017 13:54:21)

Cotton futures resumed their rally from late last week in early Monday trading. The strength of the USDA Export Sales result issued Friday morning was quite encouraging, since it indicated that robust export demand had resumed in the wake of the holiday season. The weekend advance probably reflected concurrent U.S. dollar losses, as well as Friday afternoon news of a sizeable cut in bullish fund positions during the week leading up to January 17. If today’s early gains are sustained, a fresh breakout may occur. Conversely, an intra-day reversal could prove quite negative from a technical standpoint. March cotton futures surged 1.26 cents to 74.30 cents/pound in early Monday action, while the May contract jumped 1.22 to 74.89. is your source for ag news and information on crop pest identification, commodity and market prices, agricultural news & issues, and access to crop production management tools such as crop yield & planting calculators and herbicide, fungicide, and weed control information.