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, [...]

West African cocoa farmers hope for more rains as midcrop begins

In West Africa, growers are hoping that dry weather will be broken by some gains to bolster bean sizing and quality in the midcrop. A more prolonged dry period could threaten tree health and pod-setting for the new main crop. ICCO estimates 2019/20 production [...]

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 [...]

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 [...]

Rain needed in western Grain Belt soon

Over the next two weeks, below-average rains and seasonally warmer temperatures are expected across the northwestern and western Grain Belt. Such conditions will increase the need for timely rain, namely in the Dakotas and from northeastern Nebraska into Wisconsin. As of Apr. 11, corn [...]

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