South American harvest in full swing

As of Jun. 24, Argentina’s 2020/21 soybean crop was all but finished at 99 percent complete, which should allow higher export shipments in July. For corn, Argentina growers are through harvesting about 48 percent of the crop, including 73 percent of early corn and [...]

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 [...]

Corn eases on harvest pressure, COVID-19 concerns

The corn rally may have peaked on Sep. 18 after going six consecutive weeks of higher week-over-week closes. Fears over coronavirus resurgence in Europe, surpassing 200,000 deaths here in the U.S., and increased cases in the Midwest caused a sharp drop in the equities [...]

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 [...]

South American corn harvest leads to export activity

As of Jul. 16, Argentina’s corn harvest was over 90 percent complete. Production is still forecast at 50 MMT by both USDA and Bola de Cereales. Weekly Argentine corn exports reached a calendar year high in late June of over 1.9 MMT but have [...]

Lower corn & soybean figures expected in October WASDE

The latest USDA WASDE will be released Oct. 10 and could give a good indication of the new-crop corn and soybean late harvest results. For corn, the average of analyst expectations puts yield at 166.7 bushels per acre, down 0.5 bushels from the average [...]

Corn market feels pressure from uncertain demand

Harvest of the U.S. corn crop has begun. Production remains a little uncertain, with just 29 percent of this year’s crop at maturity as of Sep. 22, about two weeks behind the average pace of development. So far, it appears the weather will be [...]