Cocoa Prices Higher on Global Cocoa Shortages
Barchart7 minutes ago
July ICE NY cocoa (CCN24 ) on Friday closed up +196 (+2.25%), and July ICE London cocoa #7 (CAN24 ) closed up +54 (+0.72%). Cocoa prices Friday saw underlying support from global cocoa shortages. The main bearish factor was the forecast by Maxar for some rain showers in West African...
Welcome rains ahead for the southern High Plains, severe also returns farther east
Brownfield Ag News12 minutes ago
The threat of severe thunderstorms will continue for the remainder of Friday in the southern Atlantic States, followed by a shift in active weather to central and southern sections of the Rockies and Plains. Between Friday and Monday morning, many areas from Kansas and Colorado southward into Texas and eastern...
Coffee Prices Ease on Stronger Dollar
Barchart14 minutes ago
July arabica coffee (KCN24 ) Friday closed down -0.30 (-0.15%), and July ICE robusta coffee (RMN24 ) closed up +1 (+0.03%). July arabica coffee Friday posted a 1-week high but then fell back on some pre-weekend technical selling and the stronger dollar. Coffee prices have underlying support from insufficient rainfall...
Dairy Market News weekly report
USDA23 minutes ago
Click to view report dywweeklyreport.pdf in PDF format
Mild, generally dry weather on the Plains vs. cool & damp in the far eastern Corn Belt
Brownfield Ag News28 minutes ago
Across the Corn Belt, freezes occurred early Friday in portions of the upper Great Lakes region, outside any key corn or soybean production areas. Cool, mostly dry weather prevails across the remainder of the Midwest, although many areas continue to experience fieldwork delays due to excess soil moisture. Friday’s Midwestern...
Estimated Weekly Meat Production Under Federal Inspection
USDA29 minutes ago
SJ_LS712 St Joseph, MO Fri May 10, 2024 USDA Market News Estimated Weekly Meat Production Under Federal Inspection Total red meat production under Federal inspection for the week ending Saturday, May 11, 2024 was estimated at 1045.1 million lbs. according to the...
Qualcomm Is Cheap Here Based on Its High FCF Margins - Shorting OTM Puts Is a Good Play
Barchart38 minutes ago
Qualcomm stock looks deeply undervalued here after its recent Q2 results which showed strong free cash flow margins. As a result, one attractive buy-in play is shorting out-of-the-money put options.
USDA increases 2024 beef, egg production estimates
Brownfield Ag News44 minutes ago
The USDA has raised its 2024 beef and egg production outlooks, while lowering expectations for pork, broilers, and turkey. Beef is pegged at 26.595 billion pounds, up 140 million from April on heaver dressed weights and an estimated higher slaughter pace in the second half of the year, with an...
CME cash dairy prices mixed Friday in light trading
Brownfield Ag News1 hour ago
Cash dairy prices were mixed Friday on the Chicago Mercantile Exchange. Dry whey was unchanged at $0.3850. No sales were recorded. Forty-pound cheese blocks were unchanged at $1.98. No sales were recorded. Cheese barrels were unchanged at $1.9125. No sales were recorded. Butter was down $0.0075 at $2.99. One sale...