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eSNAPSHOT Research Center
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Pre-Report Estimates Are Surfacing
Monday's corn trade found strength early from the crude oil market, interest in the heading of Hurricane Ike and subliminal concerns of the potential for frost/freeze. This weeks forecast does not advertise a threat for a hard freeze, but there is discus
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Spring Wheat Harvest Reaches 87 Percent
Turkey, major buyers of optional origin wheat and Iraq have launched new tenders for 50 K tonnes of wheat that is fundamentally supportive to wheat prices. Fundamental pressure comes from the trade's perception of a rising US dollar that will suppress wh
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Allendale Lean Hogs And Cattle Comments
New lows for the December Lean Hog contract were posted Monday. Typically hog prices in December are at a discount to October and it appears the trade is taking notice. The general tone is bearish as we learn pork sales to Mexico may be slightly disrupte
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Energy And Metals Markets
In the Energy Markets, Crude Oil ended the trade on Monday up $0.11 at $106.34. Monday was a rather strange day starting with a surge of buying at 0800 this morning that took futures as much as $3.50 higher on the day. At one point, crude was off over $
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