Category: Uncategorized
Wednesday May 25, 2022
Red across the board this morning as the global market cools off, searching out alternatives for expensive corn and wheat China ramping up Brazilian corn purchases as their harvest continues, taking attention away from the North American supplies Scattered rains in the U.S. will slow corn and bean planting harvest but will offer a needed drink […]
Tuesday May 24, 2022
Markets recovered some of Fridays losses on Monday but slipping lower again this morning Pressure put on the markets as planting progress begins to catch up across the U.S. U.S. Crop Progress and Conditions Report Corn planting reached 72% complete – compared to average of 79% Soybean planting 50% complete – compared to average of […]
Thursday May 19, 2022
Markets recovering from overnight losses – wheat still lower but not as drastically as in overnight trade and still well ahead of where we closed out last week Wheat Quality Council Tour continues in Kansas in the Southwest reporting 37 bu/ac yield estimates compared to the average of 47.1 bu/ac SovEcon pegged 2022 Russian wheat […]
Wednesday May 18, 2022
A rare feeling of optimism from the Black Sea region pressuring the wheat market lower today after an aggressively higher start the week Russian wheat production estimates are coming in high at 85 million MT with 39 MMT of that slotted for export Adding weight to the wheat market this morning, Untied Nations is reportedly […]
Tuesday May 17, 2022
Wheat off highs as there seems to be some uncertainty about the severity of the export ban in India Corn and soybeans taking a good jump in planting across the U.S. in stride this morning as field activity will be halted for a day or two before the American farmer is back in the planter after […]
Monday May 16, 2022
Wheat continues to dominate the news cycle, soaring to new highs this morning bringing the other commodities up with it India banned wheat exports on Saturday as a heat wave across the country sparked fears of production losses The ban is intended to secure domestic supplies as production comes into question They will be honoring […]
Friday May 13, 2022
Mixed markets this morning with wheat taking back some of the massive gains made post report yesterday as corn and beans sit just around yesterdays close The wheat market continues to battle with global uncertainty post USDA report sitting just off yesterdays highs as the report offered no relief to the tightness in global wheat supplies […]
Thursday May 12, 2022
Markets mixed coming out of the overnights as we approach the May USDA report out at noon today The report has eclipsed any other market news this morning and likely will continue to be the story of the day – maybe even the rest of the week but it wont be long until the numbers released […]
Wednesday May 11, 2022
Markets continuing to try to claw back some of Mondays losses as U.S. farmers are busy in the fields taking advantage of this planting opportunity Tomorrows USDA report we are expecting to see lower carryout for old crop across the board in the U.S as well as a first look of the 2022/23 marketing year […]
Tuesday May 10, 2022
Markets rebounding slightly this morning after the red start to the week yesterday looking at a beautiful stretch of planting weather through the end of this week Crop progress continued to be slow as expected yesterday afternoon – however the markets seem to be looking past the slow progress last week and more focusing on […]