As of Oct. 24, two-thirds of the U.S. corn crop had been harvested, up 14 points from the previous week and up 13 points from the five-year average for the week. While a one-week, 14-point gain in corn harvest progress is not unusual, it [...]
The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]
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 [...]
Corn futures ended last week with different tones for old-crop vs. new-crop contracts. Dec-21 contracts were nearly flat, closing up slightly for the week at $4.6000 per bushel. This first look at the upcoming U.S. production season was close to market expectations, but projected [...]
Ahead of USDA’s Annual Outlook Conference, corn and soybean analysts estimated planted acreage, production, and ending stocks for the 2020/21 U.S. crops. The forecasts presented were bearish compared to 2019/20 figures. Beginning with corn, estimated planted acreage averaged 93.6 million acres, almost 4 million [...]
USDA will publish the next WASDE on Sep. 12, and this year’s report is eagerly anticipated as it will reflect USDA’s first in-field evaluation of the 2019/20 corn and soybean crops. Ahead of publication, the industry is expecting USDA to confirm widespread belief in [...]
