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Corn futures to open higher on Friday
- CME, ICE spar on trading hours
- CHS Foundation awarded $75,000 in scholarships
- CJ BIO America breaks ground on $320 million lysine factory
- Kansas Wheat Day planned for May 30
- APHIS celebrates 40 years of public service
- Iowa State student receives NSIF award
- Symposium focuses on African Swine Fever
- Healthy foods not necessarily more expensive
- Nitrogen applications for the 2012 corn crop
- OIG gives FSIS thumbs up for “handling” appeals
- Commentary: You need to thank Domino’s
- Mo. Senate passes diluted “ag-gag” bill
- Swine dysentery - A re-emerging threat
- Wheat futures remain strong on Thursday
- What is a starting point for estimating the 2012 U.S. corn yield?
- Symposium focuses on African Swine Fever
- HSUS releases video shot at Wyoming Premium Farms
- ‘Tis the flu season
- Don’t be an Easy Target
- Consider Your Alternatives
- Domino’s Pizza says “no” to HSUS
- Actions shown on WPF video, ‘indefensible’
- Thank Domino’s; order a pizza
- Safeway joins in gestation-sow stall ban
- Start ‘em Young
- HSUS releases video shot at Wyoming Premium Farms
- HSUS ads deceive 90% of donors
- Commentary: Advise and dissent
- Poll: Do bills such as the "ag gag" bill help agriculture?
- Commentary: You need to thank Domino’s
Corn futures are called 4 to 5 cents higher. Overnight trade at 6:45 am CT was 4 3/4 to 5 cents higher. The market is higher again overnight amid further weakness in the dollar index. In addition, forecasts for Argentina and southern Brazil look hot and dry, which could stress the crop at the tail end of the growing season. Export demand has picked up recently and national basis levels remain firm.
Soybean futures are called 1 cent lower. Overnight trade at 6:45 am CT was 1 to 1 1/4 cents lower. Light profit-taking from the rally off the mid-month lows is weighing on futures. However, losses are being limited by further weakness in the dollar index and forecasts for hot and dry weather in Argentina and southern Brazil this weekend. Export demand has slowed as China celebrates its New Year.
Wheat futures are called 1 to 2 cents lower. Overnight trade at 6:45 am CT was 1 to 1 3/4 cents lower at the CBOT and 2 to 2 1/4 cents lower at the KCBT. The market is being pressured lightly by profit-taking following the recent rally in prices. But losses are being limited by further weakness in the dollar index overnight and spillover support from corn. Export demand is expected to improve as Russian wheat has become more expensive. They may halt export soon. In addition, much of the wheat crop is vulnerable to a cold snap this week due to the lack of snow cover.
Cattle futures are called steady to mixed. The market is expected to be choppy amid pre-report positioning ahead of the semi-annual Cattle Inventory report and as traders wait for the cash market to develop. The report is expected to show the total herd size down 1%-2% from last year. Cash trade is currently expected to be near unchanged from last week.
Lean hog futures are called higher on the open. Strength in the cash market will help support the futures market. However, gains will be limited by packer processing margins falling further into the red. Pork cutouts were down 88 cents on Thursday. Outside markets will be supportive as a weaker dollar is beneficial for pork exports.
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