Tuesday, December 10, 2013 2:25PM CST
USDA increased its forecasts for domestic ethanol production and corn exports in its report released Dec. 10 at 11 a.m. CST. It also added to world wheat ending stocks, citing record Canadian production.
Tuesday, December 10, 2013 2:08PM CST
Ray Wyse goes against the grain when it comes to the old argument that the world isn't making more farmland. He also questions some future population estimates projected by the United Nations.
Corn futures are lower at 6 a.m. CST, soybeans higher and wheat lower.
Live and feeder futures are expected to start with uneven price action, pushed and pulled by residual buying on one hand and light profit taking on the other. Lean hog contracts seem likely to open on a mixed basis as well in light volume.