Grain Belt & South America weather update

Scattered rains may cause some harvest delays across the Grain Belt into early October, but little to no rain is expected from the eastern Dakotas down to Kansas and across to southern Illinois, allowing harvest to progress quickly in that area. Less rain is [...]

Weather forecasts mostly favorable for corn harvest

Through Oct. 9, NOAA sees an even chance for above-average or below-average temperatures in Wisconsin, Illinois, eastern Iowa, and most of Missouri. West of these areas, the probability for above-average temperatures rises by 5 to 10 points. East of Wisconsin and Illinois, the probability [...]

Poor precipitation in July & August could impact new main crop

The 2020/21 main crops will begin in October and the cacao fruit needs enough moisture for proper pod growth and bean development. The summer months of June through August mark the tail end of the 2019/20 midcrop, and trees begin forming pods for the [...]

China & weather continue to fuel soybean rally

As we enter the first month of the new marketing year, 2020/21 soybean exports are expected to continue at a blistering pace thanks to large buys from China during the last quarter of 2019/20. This activity fueled an impressive late-August rally in soybean futures, [...]

Corn rally continues

Typically, this time of year we see pressure on corn prices and seasonal lows from late August into early September. This has been especially true over the last four years. This year, we are seeing an August rally fueled by uncertainty over production, drier [...]

“Extremely dangerous” Hurricane Laura hits U.S. Gulf Coast

Hurricane Laura made landfall as a powerful Category 4 hurricane early Thursday morning in Louisiana with 150 mph winds and more than 9 feet of storm surge. The storm was moving north with speeds of 16 mph through northwest Louisiana at 10 am CT [...]

Sugarcane farmers brace for Hurricane Laura

Just a few weeks ahead of the 2020/21 harvest, sugarcane farmers in southern Louisiana and southeastern Texas are preparing for Hurricane Laura, expected to make landfall on Wednesday night. Louisiana’s main sugar growing regions will likely be east of the hurricane’s eyewall, potentially exposing [...]

Soybean futures reach seven-month high

Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]

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