In Front of the Crop Progress Report:
Overall grains are working lower this morning. It seems there is some bearish sentiment growing around this afternoons Crop Progress Report. Good weather conditions seem to be fueling a bit of a selloff.
Wheat: Chicago and Minneapolis begin 5-6 cents lower Kansas City 9-10 cents lower
Corn: 3 cents lower
Beans: 2-4 lower
Above normal temps are expected in the corn belt.
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up...
It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products...
The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New...
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