Category: Uncategorized
Friday July 30, 2021
The last trading session of the month has us slightly lower this morning Rains in the U.S. providing relief from the heat over the weekend Wheat Quality Tour day three pegged the entire North Dakota crop at 29.1 bu/ac – that is 14.5 bu/ac above the five year average yield International Grains Council cut their […]
Thursday July 29, 2021
Markets up again this morning with weekly export sales been stronger than had been expected as well as continued disappointing yield estimates coming form the spring wheat tour Second day of Wheat Quality Council Tour in North Dakota reporting yield even lower than day one at 24.6 bu/ac compared to average of 42.4 bu/ac Weekly […]
Wednesday July 28, 2021
Markets opening in the green again this morning U.S. Wheat Quality Council Tour day 1 in North Dakota had average yields for spring wheat at 29.5 bu/ac – compared to 5 year average of 43.3 bu/ac This reminder to the market place of the deficit in the spring wheat crop is helping to buoy the […]
Monday July 26,2021
Markets subdued to start the week with wheat leading the trade slightly lower Scattered rains over the weekend and more on the 10-15 day forecast should provide some feeling of relief in the soybean and corn crops However the crops still need to endure the next week of hot dry weather before that relief hits Some […]
Wednesday July 7, 2021
Markets fell sharply yesterday as excitement from last weeks report wore off and weather outlook for most of the corn/soybean belt in the U.S. is looking as close to ideal as possible Weekly U.S. crop conditions report Corn ratings were unchanged at 64% g/e – still slightly trailing average of 69% g/e Soybeans fell a […]
Wednesday June 30, 2021
Markets taking a step down this morning as nervous energy consumes the market place This report will set the stage for summer – overall after this report we will go back to trading weather stories BUT this report will dictate how impactful weather will be If acres are small – weather will be scrutinized on […]
Monday June 28, 2021
Markets starting the week on an uptick this morning with the story of the haves and the have nots continuing Central to Eastern corn belt receiving more rain than they likely needed over the weekend with the North Western corn belt and Northern Plains missing out once again and struggling with record heat Market news […]
Friday June 25, 2021
Markets lower again this morning as rain is expected over the weekend Buenos Aires Grains Exchange announced the Argentine 2020/21 soybean harvest complete at 43.5 MMT – down 10% from last season – as expected Yields came in at 39.7 bu/ac Argentine corn harvest now at 48% complete International Grains Council raised their global production […]
Wednesday June 23, 2021
Mixed this morning with wheat still holding strength as concern over spring wheat crop continues and feed mills turn to wheat as an alternative to corn in the U.S. Forecasts are split between the Eastern Corn Belt (getting rain) and the North Western Corn Belt (not getting rain) The majority of the prime corn and […]
Tuesday June 22, 2021
Markets mixed this morning with another round of rains forecasted later in the week keeping the lid on any gains that the decline in crop ratings had sparked on the overnight Estimates surfacing that Chinas June soybean imports reached an all time record of 11.6 MMT – this would put total imports for the first […]