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
morning. Our corn rally is back in progress this morning, after taking
a brief respite yesterday afternoon. It’s always more fun to see the market go
straight up without any pause, but that’s not going to happen in May with a
fund short of over 1.4 billion bushels. The funds have been Read More
From Van Trump today:
Soybeans struggle to find continued upside momentum.
There’s very little fresh or new to report in regards to beans. Chinese demand
remains in question, not only because of the current trade conflict, but also
because the ongoing spread of African Swine Fever and the negative hog margins.
Bullish Chinese soybean Read More
Devin Gioletti, a fourth-generation dairy farmer in this Central Valley community, was outlining for me the trajectory of the dairy industry in California, the nation’s largest. He was alluding back to when the industry was still growing and milk prices were rising, and his family farm was expanding the Read More
Shows extreme drought in major cotton growing areas in Texas and click read more to see other areas of the country.
Soybean bears seem to be making a little more noise about a burdensome balance sheet. The production problems in Argentina have been well advertised, but the trade seems uncertain about the full extent of damage. The Rosario Grain Exchange made a huge cut yesterday to their Argentina soybean production Read More
Grain prices this morning are mixed with Mar corn unch, Mar soybeans -1.75 (-0.17%), Mar wheat +0.25 (+0.06%). Grains on Wednesday settled mixed: Mar corn +0.25 (+0.07%), Mar soybeans +7.75 (+0.75%), Mar wheat -2.00 (-0.45%). Bullish factors included (1) drought concerns in Argentina, the world’s largest soybean Read More
Assuming “normal” South American crops, I suspect we’ll eventually catch up
with predicted corn exports, but I’m not sure about soybeans–depends on China
CORN SHIPMENTS ARE RUNNING AT 56% VS. LAST YEAR VS. USDA FORECAST 84%
SOYBEANS 87.5% 103.5%
WHEAT 93% 95%