For HRS specifically, the USDA is projecting a 22% year-over-year increase in HRS ending stocks, the highest since 1987/88. That, coupled with relatively weak dependence for higher protein HRS wheat for blending purposed, bodes bearishly for HRS wheat. HRS demand is weakened, even with the drop in the average protein level in HRW wheat this year, by large stocks of high quality and high protein HRW in storage.
Trilateral Protein Heat Map
As summer enters its dog days, appetites become curbed. Many...
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Trilateral Protein Heat Map – 7/17/2019
Jumbo Boneless/Skinless Chicken Breasts present great value along with the...
Time To Buy Soybeans
Although improved weather forecasts and poor demand from a slowing Chinese economy that is in a trade war have soybean prices retreating, now is the time to buy. A summary of today’s fundamental information is at the end of this post.
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Trilateral Protein Heatmap – 7/1/2019
Best Value Buys Summer grilling items such as Strip Steaks...