Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional , and become part of the Brugler client group! Ask for a FREE SAMPLE and get two FREE GIFTS! Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily. Ethanol production for the week of June 16 was down 12, barrels per day bpd to , bpd.

Marketing year to date we estimate that 4. In addition, ethanol stocks were down , barrels to Soybean futures closed the day 9 to 11 cents in the red. Wet weather is expected across most of the Midwest over the next few days. Analysts are awaiting an announcement from the EPA about the Renewable Fuel standard, as President Trump was in Iowa today. Soymeal sales are estimated to total 50,, MT, with soy oil at 8,, MT of expected sales.

Per a Reuters report, the Argentine government has ordered the port workers on strike back to work during a 15 day negotiation period, but at least one union official claimed that no notice was received to go back to work. Wheat futures ended Wednesday lower in most contracts.

The Ukraine ag ministry updated their current marketing year wheat exports to Live cattle settled with losses of 15 to 85 cents in most contracts on Wednesday. Estimated FI cattle slaughter through Wednesday was , head, 1, head fewer than last week and 15, head more than the same week a year ago. On Friday the USDA will release the Cattle on Feed report, with analysts estimating cattle on feed as of June 1, 2.

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They are also estimating May placed numbers to be Lean hog futures were FI hog slaughter was estimated at 1,, head through Wednesday, 9, more than last week and 24, head above last year. The cold storage report will be released at 2: Cotton futures posted losses of 46 to 82 points on Wednesday, as this makes 9 days in a row and 13 of the last 14 that July has closed lower. The Cotlook A index for June 20 was 40 point lower from the previous day at China sold 17, MT of cotton offered at an auction of state reserves on Tuesday, which was A close eye is on Tropical Storm Cindy, as it is tracking toward the Gulf.

The AWP, which is The Certified stocks level rose to , bales, up 2, from the previous day. Jul 17 Cotton closed at Oct 17 Cotton closed at Mar 18 Cotton closed at Market Commentary provided by: Omaha, NE Phone: About DCF About Us.

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