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The American wheat market is feeling the pressure as Russia reportedly gains momentum in its wheat output.
Despite heavy rains in various parts of the United States, the frozen concentrated orange juice market experienced an increase last Friday.
USDA reports predicted an increase in wheat production that would boost supplies in the world market, putting the U.S. market under pressure.
Weekly news in the agriculture market: World rice production was increased to 483.66 million tons and world ending stocks for the coming year were increased to 122.52...
Arkansas remains a big problem area as little work is able to get done because the soils are still too wet.
The charts show that corn futures are in a trading range.
World prices were lower last week, but US prices remain as cheap or cheaper than other origins in the world market.
Increasing consumption is what is needed to improve dairy farmer incomes and restore the supply/demand balance.
Demand for Corn has been stronger than expected, especially on the export and energy fronts.
US domestic markets remain mostly quiet, but reports indicate that supplies in temporary storage are disappearing.