Market Analysis: Jeff French

Market Analysis: Jeff French

Market to Market - Market Analysis

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USDA announced a change in their September Crop Production report that could ultimately update planted and harvest acreage estimates. The market is moving ahead of next week’s report and also digesting ample rain and shipping problems in Louisiana. For the week, December wheat subtracted six cents while the nearby corn contract declined 30 cents. Timely rains has some saying it could help fill pods, but others contend it is too little too late. The November soybean contract shed 31 cents. December meal lost $11.40 per ton. December cotton fell 82 cents per hundredweight.
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USDA announced a change in their September Crop Production report that could ultimately update planted and harvest acreage estimates. The market is moving ahead of next week’s report and also digesting ample rain and shipping problems in Louisiana. For the week, December wheat subtracted six cents while the nearby corn contract declined 30 cents. Timely rains has some saying it could help fill pods, but others contend it is too little too late. The November soybean contract shed 31 cents. December meal lost $11.40 per ton. December cotton fell 82 cents per hundredweight.
...Read More