Blog
August 16, 2018Big news on Thursday morning is the announcement that China will send Vice Commerce Minister Wang Shouwen to the United States later this month. Beans are coming off a rally in the overnight in response to the news. Officials warn that these will be very low-level talks with low-level officials before any senior-level officials get
August 14, 2018Happy Tuesday! Corn and beans saw a 1% drop in good/excellent. The market was expecting the drop-in crop rating. With the weather running warmer in most of the US the crop is ahead in maturity. Corn continues to run well ahead of normal on maturity at 26% dented vs 13% on 5-year average. Corn harvest
August 9, 2018Good morning, Tomorrow’s USDA Supply and Demand report is due to be released at 11:00 AM. The average trade estimates are coming in at 176.2 for corn, 49.6 for beans. Anything other than these numbers are going to cause a volatile trading session. The report may be shaping up to be one of the more
August 7, 2018World wheat stocks and trade policy are the bold headlines but keeping up with USDA numbers are still of value as crop conditions declined in yesterday’s weekly condition report while monthly S/D numbers will be released on Friday. US corn crop conditions down 1% good/excellent at 71% vs the 71% expected, although last year at
August 2, 2018Grain markets opened mixed this morning with corn and wheat higher and soybeans lower. It’s the same ole tune Trump administration threatens increase on tariffs, China threatens retaliation and the grain markets suffer the consequences with volatility. Corn is trading higher today. Preliminary yield potential for corn are between 175 and 177 bushels per acre.
July 31, 2018Wheat is leading the charge this week with concern over the smaller and smaller world supply. Yesterday’s rally in wheat pushed corn and beans above last week’s highs. The forecasters are looking at drier and hotter weather pattern setting up for the US Corn Belt that is adding to drama as July ends and the
July 26, 2018The grain markets are rallying with soybeans leading the way today as the US and EU began making headway to end their trade dispute. Reportedly, the EU will start buying US beans “almost immediately”, but their 15.3 MMT demand is modest in Comparison to China’s import needs. Also, they would have bought US soybeans anyways
July 24, 2018Corn, beans and wheat are all lower this morning. Corn was lower due to the expectation of changes in the crop conditions but when the report came out last night they were unchanged. Weather forecast is favorable for the Midwest the next 6-10 days. Basis has continued to stay steady. Corn was rated 72% Good/Excellent
July 19, 2018Markets are starting the Thursday morning session softer after starting the week trending upward. Weather still seems favorable across the Midwest as the corn and soybean growing season continues. Trade not paying too much attention to the drier weather as we start to see some rain systems moving in with the 10 day forecast. Grain
July 17, 2018Markets are not worried with weather concerns. Crop conditions slipped this week but no concern to the market. Growing degree days continue to be ahead of normal. Corn is slightly behind 2012 on silking but bean pod setting is setting a record. Corn good to excellent slipped 3% to 72%. WI good/excellent rating continues well