Grain
December 5, 2019 Grain ExchangeAs the market is looking forward to the December 10th crop report, local farmers are pushing hard to try to get the crop out of the field. Average trade estimates for U.S. corn ending stocks is 1.919 billion bu, soybeans at 476 million bu and wheat at 1.01 billion bu. IEG released a smaller guess at
December 3, 2019 Grain Exchange – A Good Week For HarvestWell, it looks like a great week to get some harvest done or finish. The market continues to look to news to rally with. Harvest remains slow at 89% complete on corn and 96% complete on beans. Planting in South America remains slow and markets are watching weather. South America has a couple of areas
November 26, 2019 Grain ExchangeThe November 24th USDA weekly crop progress report (which the USDA has decided to extend indefinitely for the 2019 production) shows Wisconsin at 57% complete for corn and 82% on soybeans. Soybean exports are better than expected. Corn exports are poor as we are beginning to price more competitive. US dollar remains strong. With the
November 21, 2019 Grain ExchangeGrain markets are trading mixed this morning. Very little news happening to move the market. The US/China headlines continue to fatigue the market. There is confidence that a phase one deal will be made but the timing remains in question. Corn is slightly higher this morning. Export sales are at 31 mln bu which is
November 14, 2019 Grain ExchangeCorn and beans traded mostly flat yesterday while wheat fell back after Tuesday’s strong rally up until an afternoon story that indicated more headaches for trade negotiations pressured prices to the daily lows by the close. The market continues to be pulled and pushed by strong U.S. basis bids and slow harvest progress. The propane
November 12, 2019 Grain ExchangeCrop progress updates will be out today after we recognized our Veterans yesterday. With cold and snow locally, farmers are doing everything they can to try to get the crop out of the field. Dryer weather across the US will push harvest along when assessing the Nation’s progress. Traders expect the US corn harvest to
November 7, 2019 Grain ExchangeMarkets are quite ahead of USDA supply and demand report on Friday at 11am sharp. China said it has agreed with the US to cancel tariffs in phases with no timeline. No location has been announced for the signing of phase one with China. US is unlikely to put more tariffs on for December 15th.
November 5, 2019 Grain Exchange – Extended Hours AvailableThe sun is finally starting to show and the hopefully that means farmers are able to be in the fields. US weekly crop progress was released yesterday the results are as followed: Soybeans were 75% harvest vs 62% a week ago, still below 5 year average at 87% Corn was 52% harvested vs 41% last
October 31, 2019 Grain Exchange – Mixed MarketsThe weather outside is frightful. Looking outside it’s hard to believe it’s Halloween. The markets are mixed on this last day of October. It looks like the 2019 crop is going to be a fight to the bitter end. Corn is down one and continues to trade in a narrow range. Demand remains slow for
October 29, 2019 Grain Exchange – Snow, Snow, Go Away!It’s beginning to look a lot like Christmas…. I mean, Happy Halloween? Wisconsin farmers woke up with a blanket of snow, and while it’s pretty, it is definitely one more challenge to add to the list. The corn market is trading close to even today while beans are softer. Brazilian soybean planting is in line