U.S. corn planting nearly halfway complete

As of May. 2, U.S. corn planting for 2021/22 was at 46 percent nationwide, up 29 points from the week prior and 10 points above the five-year average. Nine of the 12 Midwestern states were above their five-year planting averages, the exceptions being Kansas, [...]

Corn futures rise on unfavorable Brazilian weather

On Tuesday, Apr. 26, most-active Jul-21 corn futures settled at $6.5450, down 3 cents from Monday’s contract-high and 41 cents below the nearby May-21 contract settle of $6.9550. Dryness in Brazil has been the main driver behind rising corn futures. Some in the industry [...]

Soybean & soybean oil markets explode higher

Futures for soybeans and soybean oil lifted off last week just like the SpaceX rocket that took flight Friday in Cape Canaveral. Soybeans rallied to $15.39 per bushel, up $1.06 from Monday to Friday’s close, and have increased $1.55 since Apr. 12. Equally as [...]

Argentine corn & soybean harvest lags historical average

As of Apr. 15, Argentina’s corn harvest was up just 2 points on the week to 14 percent harvested vs. a five-year average of 25 percent.  Argentine soybean harvest was up 4 points on the week to 7 percent harvested vs. a five-year average [...]

March soybean crush up from February, down YOY

NOPA processors’ March crush, 178.0 million bushels, was down 2 percent from last March but still the second highest on record for the month and reflected a good recovery from February’s low volume. In the April WASDE, USDA lowered 2020/21 crush by 10 million [...]

Corn touches $6 per bushel on weather concerns

After falling 8 cents per bushel to $5.69 last Monday, corn futures rallied the rest of the week and eclipsed $6 per bushel during early trading hours on Thursday. Concerns over weather in South America and here in the U.S. have offered support to [...]

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