Thursday, July 19, 2018 3:09PM CDT
Soybean prices are at nine-year lows in nominal terms, but 2008 was a long time ago and the value of a dollar changes from one timeframe to the next. In real inflation-adjusted terms, today's soybean values present a historically favorable buying opportunity.
Thursday, July 19, 2018 3:00PM CDT
Farmers are caught in the middle of a multi-front trade war, and bankers worry damage to farm incomes could put a dent in farmland values, especially as the Federal Reserve moves forward with higher interest rates.
December corn was down 1/4 cent, November soybeans were down 4 1/4 cents, and September Kansas City (HRW) wheat was unchanged.
On one hand, cattle futures should open higher this morning, supported by follow-through buying and cash premiums. On the other hand, lean hog contracts seem likely to begin at least moderately lower, checked by discouraging fundamentals.