Weekly corn & soybean crop ratings unchanged

As of Sep. 26, U.S. corn was rated 59 percent good to excellent and 15 percent poor to very poor, unchanged from the week prior. Corn maturity was nearly three-fourths complete nationwide and was about 10 points above the five-year average. Harvest was 18 [...]

Shift in short-term corn market factors

Futures activity Sep-21 corn futures ended last week considerably lower, down more than $0.32 per bushel over the week. Dec-21 futures fell by 3.5 percent over the week to close at $5.24 per bushel. S&D and fundamental factors U.S. corn condition remains at national [...]

Corn futures dipped 6% last week

Futures activity Along with nearly all other commodity markets, corn futures experienced a sharp sell-off last week as pandemic concerns stoked fear and prompted contract liquidations. Dec-21 futures ended the week down $0.3175 per bushel from last Monday’s settle to close at $5.37 per [...]

U.S. canola crop in poor shape heading into harvest

As of Aug. 8, North Dakota’s spring-planted canola crop was developing faster than average pace, with 77 percent of the crop’s seed pods at the coloring stage, compared to the five-year average of 74 percent, and well ahead of last year’s 62 percent. After [...]

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 [...]

U.S. corn & soy condition index slightly low

As of June 23, U.S. corn rose to 89 percent emerged, a 10-point jump from the week prior, but on pace for the slowest year on record. Ohio and Michigan are both more than 30 points behind their five-year emerged averages while Indiana, Missouri, [...]