Good morning. Corn
futures are starting off the week slightly in the red, with the May contract
down 3/4 cent to $3.43. The May contract is currently a dime off its recent
low, thanks in large part to a 29.7 million-bushel sale of corn to the Chinese.
We’ve been waiting a long time Read More
COTTON estimates for 2019/20 are unchanged, except for a 1 cent-per pound reduction in the season-average upland farm price, to 62 cents, 8.3 cents lower than in 2018/19. Globally, the 2019/20 world cotton ending stocks forecasts is bumped higher by +2.5-million-bales driven by both larger production and lower consumption. Read More
Argentina’s New Government Hikes Export Taxes on Ag Products: As anticipated, Argentina’s new government has hiked export levies on soy, wheat and corn, according to an official decree on Saturday, hitting farmers in the grains exporting nation to raise revenue needed to avoid default on a mountain of Read More
Time for politics 101 in Canada:
Trudeau is Liberal as you probably know and they don’t
want to push unions to much.
So they may drag on a special session to legislate them
back to work.
In the election in October Trudeau did not win one seat
in Alberta or Saskatchewan – all Progressive Conservative Read More
Soybean bulls are talking about the same thing as corn bulls… a large winter storm forecast to hit the North and an extremely late-maturing U.S. crop. The USDA reported just 14% of the corp has been “harvested” vs. 34% on average. Iowa 5% harvested vs. 26% on average; Illinois Read More
Corn Slightly Lower on Tuesday
Corn futures are steady to 2 cents lower at midday. Earlier on
Tuesday, FSA updated their crop acreage data as of August 22, adding 821,000
acres to the certified corn acres. The also added another 184,000 acres to the
prevent plant total, now at 11.395 million acres. The Read More