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Another week of gains for broiler hatchery data

2024 U.S. broiler numbers continue to run ahead of the 2023 pace. The USDA says 245.348 million eggs were in incubation last week, up slightly on both the week and the year, with average hatchability holding steady at 79.1%. 190.364 million chicks were placed into... Read More.

Soybeans, corn, wheat close with modest gains

Soybeans were modestly higher on short covering and technical buying after a wide-ranging session. Export sales were up on the week, but Brazil remains in control of the global market. The weekly total was 18.2 million bushels, China and Mexico topped the list,... Read More.

Soybeans, corn see solid gains ahead of WASDE

Soybeans were higher on short covering and technical buying. Traders squared up positions ahead of Friday’s USDA supply and demand estimates. The USDA is expected to lower its crop guess for Brazil, the question is by how much. This set of numbers was... Read More.

Soybeans see more modest gains

Soybeans were modestly higher on short covering and technical buying. Near-term conditions in Argentina are hot and dry with a lot of uncertainties about the forecasted late week rain. This recent weather has likely trimmed at least some of Argentina’s yield potential, but... Read More.

Another round of gains for soybeans, corn

Soybeans were higher on short covering and technical buying, along with the higher move in bean meal. Contracts remain oversold with traders watching weather in South America. Argentina could be mostly dry into February, but updated forecasts have improved chances of rainfall for... Read More.

Soybeans, corn see gains as wheat finishes mixed

Soybeans were higher on short covering and technical buying. Forecasts for South America are mixed, a little wetter over the near-term for parts of central and northern Brazil, and drier for portions of southern Brazil and most of Argentina. Continued oversold signals and... Read More.

Wheat gains with mixed finishes for soybeans, corn

Soybeans were mixed, mostly modestly lower, with the pit ending the week in the red. Beans were up initially, helped out by the sale of 297,000 tons of 2023/24 U.S. beans to China, but did not hold onto those early gains. That is... Read More.

Big gains for cattle futures ahead of direct trade

Chicago Mercantile Exchange live and feeder cattle futures were sharply higher, supported by last week’s direct business and optimism about this week’s trade. Feeders picked up additional support from the lower move in corn. February live was up $3.42 at $171.92 and April... Read More.

Wheat gains as soybeans, corn wilt

Soybeans were lower on fund and technical selling. Forecasts have heavy near-term rainfall in some of the drier key growing areas of Brazil. That’s too late to help the beans planted in September but should provide some help for later planted soybeans following... Read More.

Gains for soybeans, losses for corn, wheat

Soybeans had a relatively quiet day of trading, but found strength in both soybean meal and soybean oil.  January beans were up 11 and 1/4 cents and closed at $13.27.  Weather in South America continues to be a factor. While there is rain... Read More.