Market Analysis: Elaine Kub

Market Analysis: Elaine Kub

Market to Market - Market Analysis

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We are producing the show on Wednesday with a better understanding of the severity of last week’s storm in the southern Plains and how it has impacted the holiday-shortened trade week. For the week, the nearby wheat contract added 39 cents while March corn improved nine cents. The continued dry pattern in South America and a technical chart move impacted the soy complex. The January soybean contract increased 44 cents. January meal strengthened $23.30 per ton. March cotton expanded by $1.53 per hundredweight. Over in the dairy parlor, January Class III milk futures went up 18 cents.
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We are producing the show on Wednesday with a better understanding of the severity of last week’s storm in the southern Plains and how it has impacted the holiday-shortened trade week. For the week, the nearby wheat contract added 39 cents while March corn improved nine cents. The continued dry pattern in South America and a technical chart move impacted the soy complex. The January soybean contract increased 44 cents. January meal strengthened $23.30 per ton. March cotton expanded by $1.53 per hundredweight. Over in the dairy parlor, January Class III milk futures went up 18 cents.
...Read More