Improved weather in Argentina weighed on corn and soy markets
Hogs futures are expected to open steady to slightly higher. The quarterly USDA Hogs and Pigs report seemingly held bullish implications to the market due to the decline of overall hog population. The marketing head, breeding head and all hogs fell short of trade expectations. February hog futures are expected to rise 0.35 cents to 85.90 cents/pound in early Monday action, and June are expected to surge 0.10 to 100.35.
Cotton futures started the week higher. In the news, China will levy sliding duties on cotton imports from January 1 to stabilize its domestic market beyond the quotas in 2014. This certainly did not discourage the bulls. The continuing weakness of US currency supported the cotton market as well. March cotton added 0.25 cents to 84.37 cents/pound just after sunrise Monday, while July cotton increased 0.44 cents to 83.86.
- U.S. fertilizer company owned by Koch brothers in patent dispute
- China cites public opinion in GMO soybean approval delay
- U.S, Brazil settle cotton subsidy dispute for $300 million
- Nominations open for 2015 4R Advocate Awards program
- Coalition questions legitimacy of EPA's proposed WOTUS rule
- Ag markets were decidedly mixed in Wednesday night action
- Activists fighting Golden Rice even more in 2014
- U.S. GMO labeling foes triple spending in first half of this year
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- How much corn can the ethanol industry use?
- East-West Seed signs marketing collaboration with Monsanto