May-23 soybean futures closed at a high last week while Nov-23 soybean futures closed lower. May-23 soybean oil was down by less than 1 cent for the week. Brazil is said to have already sold 66 MMT of their record soybean harvest, the main [...]
Futures activity We just closed another week with higher futures as the Mar-22 corn contract settled at $6.54 per bushel, up from a low of $6.38 per bushel last Tuesday. Meanwhile, the Dec-22 harvest contract is rapidly approaching $6, closing the week at $5.9775 [...]
Brazil’s 2020/21 safrinha crop saw another frost event, which may lower yields on late-maturing corn. China’s Henan province, which produces about 10 percent of the country’s corn crop, has seen excessive flooding this week with some crop and livestock losses likely. Weather models change [...]
After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]
Soybean futures prices fell all last week, plummeting to a five-month low on Thursday’s sell-down to $13.29 per bushel. Continued rumors of EPA changes to biofuel mandates, a more favorable weather outlook for the Grain Belt, and a May crush report below expectations all [...]
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, [...]
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 [...]
NOAA’s two-week outlook features above-average temperatures throughout the Grain Belt, especially across the northern region. Higher temperatures are less likely for the central and southern regions. August heat is expected to be complemented by average rainfall in the northern, central, and eastern regions, which [...]
