Category: Uncategorized
Friday October 22, 2021
Markets rebounding slightly this morning after a red day yesterday with wheat leading the charge Overall yesterdays losses are more attributed to broader losses in global markets rather than fundamental change in the grain markets The International Grains Council updated their global production estimates 2021/22 corn up 1 MMT to 1.21 Billion MT Corn and […]
Thursday October 21, 2021
Lower this morning after a green week so far Mexico’s Ag Minister said that they will not limit GMO corn imports from the U.S. – they will not allow the growth of GMO corn in their country but will not put the restriction on their largest import supplier Weekly U.S. exports came in notably improved […]
Tuesday October 19, 2021
Markets turned around yesterday and are continuing into the green today with soybeans leading the charge this morning China is in the market for U.S. soybeans which is adding support to the bean markets today After a slow September the export pace is picking up nicely, with over an 84 million bu increase in inspections […]
Monday October 18, 2021
Markets lower to start the week – but still within last weeks trade range Chinese corn imports for the Jan-Sept period are up 275% in 2021 compared to 2020 – typically China is not a corn importer but they began importing global stocks around this time last year Accu-weather predicting a very snowy winter – yet overall […]
Thursday October 14, 2021
The markets are having a difficult time finding an excuse to go much higher as we remain in the gut slot of U.S. harvest with no major issues on the horizon, above expected yields and slow Chinese buying The conversation on how high fertilizer costs will impact the U.S. 2022 acreage battle has begun The […]
Wednesday October 13, 2021
Markets received a shake up yesterday with some surprises coming from the USDA See full break down below The fall in the soybean market has caused some buying with both China and Unknown stepping in this morning to make U.S. purchases U.S. Crop Progress Corn – now 41% harvested – ahead of the 5 […]
Thursday October 7, 2021
Markets lower this morning Weekly U.S. export sales out this morning, overall improved from last week Corn came in even higher than expected Soybeans on the higher end of expectations – yet still less than half of last years comparable Wheat on the lower end of expectations but ahead of last weeks Expectations for Tuesdays […]
Tuesday October 5, 2021
Markets backing off some of the gains made in the past couple of days here this morning – soybeans leveling out, searching for a new trading range after last weeks fundamental shift U.S. harvest continues to roll along and so far it seems like yields will be coming in as expected we do have a […]
Friday October 1, 2021
Mixed markets coming from the USDA report yesterday and carried over into todays trade Report came out very supportive for wheat, not too exciting for corn and detrimental to the soybean market Wheat – quarterly stocks number came in lower than expected, re-enforcing the tightness story we have seen in the U.S. which will help […]
Thursday September 30, 2021
Quarterly Stocks Report released today at noon – see estimates below Markets green going into this report – in past this report has rustled up some excitement as it does finalize the 2020/21 corn and bean ending stocks and the 2021/22 beginning stocks Tightness expected Weekly U.S. export numbers Corn and wheat on the lower end […]