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Friday, August 17, 2018 11:37AM CDT
Despite ethanol industry concerns about the loss of demand from small refinery exemptions to the Renewable Fuel Standard, a market expert told producers the loss may not be as severe as expected.
Friday, August 17, 2018 7:32AM CDT
Gro Intelligence's yield models forecast an average corn yield of 190.73 bushels per acre in Minnesota, 175.83 bpa in Wisconsin and 182.33 bpa in Ohio. Soybean yields are expected to hit 49.98 bpa, 54.08 bpa and 53.80 bpa, respectively.
Thursday, August 16, 2018 2:14PM CDT
Recent inflation figures suggest the economy is heating up. Although it can be favorable to farmers if commodity prices rise, there is a looming risk of higher interest rates following that higher inflation.
December corn was up 2 1/4 cents, November soybeans were down 3/4 cent, and December K.C. wheat was up 16 1/4 cents.
Look for hog futures to open moderately higher, supported by follow-through buying and oversold chart conditions. On the other hand, assume that cattle contracts will open on a mixed basis as traders position ahead of late-week cash business.