Home | About | Blog | Facebook | Twitter

Monday, July 25, 2016

Drought hitting farms hard - Times Union

Drought hitting farms hard - Times Union: At Lavoie's Farm in New Hampshire, beans and corn haven't broken through the ground yet and fields of strawberries are stunted.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher on bargain hunting after last week’s sharp losses. The US Dollar index and crude oil are lower.

Weekend weather and short-term forecasts would have to be considered supportive to row crops. However, the 6 to 15-day period has above normal temps across the Midwest.

Crop conditions report this afternoon is expected to show some downgrading due to the heat last week.

CFTC Commitments of Traders Report showed managed money funds were net sellers of corn last week of 22,064 contracts making them net short 13,362 contracts. They sold 21,715 contracts of soybeans remaining net long 137,692. They increased their record net short position in wheat by 1,938 contracts to 116,606.