Category: Uncategorized

April 12, 2021

The American planting outlook is looking better after a shot of rain expected this week to increase soil moisture levels  Improving soil moisture coupled with an overall “meh” report Friday is allowing the markets lower this morning  Prices for corn and beans for the next few months have a good foundation to go off of […]

Friday April 9, 2021

April 9, 2021

Monthly USDA out at noon today  Overall the effect of the report is expected to be short lived with attentions shifting right back to U.S. planting weather Markets just in the green this morning after a very impressive rally form corn yesterday  Old crop corn lead the charge higher yesterday as reports of Chinas extensive […]

Thursday April 8, 2021

April 8, 2021

Again floating around unchanged with no major news hitting the market place pre-USDA report  Weekly export numbers came out this morning Corn came in mid-range of expectations, wheat below range expected, soybeans below expected and actually saw cancelations  Wheat inching higher this morning over concern on dryness for spring wheat planting  Friday’s USDA Report estimates […]

Tuesday April 6, 2021

April 6, 2021

Markets continue to hold strength as the acres reported last week concern the supply and demand balance sheet for both soybeans and corn  USDA will release its monthly supply and demand balance sheet this Friday as the first report using last weeks surprising low acreage numbers for corn and beans Winter wheat prices happily being […]

Wednesday March 31, 2021

March 31, 2021

Headlines will be dominated by USDA report today as the long awaited report is finally being released at noon – at risk of sounding like a broken record I will break down one last time the what the report will tell us USDA prospective planting acres  Overall expecting about 183 million acres divided between corn […]

Tuesday March 30, 2021

March 30, 2021

Tomorrow is the long awaited USDA report that will give us the first official indication for spring planted acres Average estimates are for 90 million acres in soybeans and 93.2 million acres in corn  Corn and soybean futures are sitting right at the bottom of their recent ranges preparing for the report  Current outlook is […]

Monday March 29, 2021

March 29, 2021

Mostly quiet markets this morning as expected this week leading into the USDA report on Wednesday  Short trading week this week with markets and Snobelen Farms both closed on Friday Argentine corn harvest reached 7% this week, behind compared to the average pace of 11% completion  Though we are seeing the relief valve of South […]

Tuesday March 23, 2021

March 23, 2021

Markets continue this one step forward one step back market pattern this morning with beans and corn in the green this morning Soy oil prices buoy the bean market seeing its highest price levels since 2011 Soy oil stocks in China reaching 5 year lows  Private analysts estimates are beginning to come out and will continue […]

Friday March 19, 2021

March 19, 2021

Markets continued to spill lower yesterday but are meeting some buyers this morning as corn export sales continue to impress  China purchased almost 4 MMT total of corn this week from the U.S. Pressure was added to the markets yesterday coming from Alaska where Chinese and American officials met to discuss trade and the the status […]

Wednesday March 17, 2021

March 17, 2021

Markets continue to struggle against the wave of South American supplies entering the market place as well as overall favourable rains reaching Argentina and the U.S. wheat belt  Back to back days of significant corn sales to China are just enough to hold corn prices steady but have not been able to shake the overall […]