Safrinha planting nears completion

As of Mar. 18, safrinha corn was 90 percent planted as periods of dryness allowed for accelerated planting. Strong corn prices continue to incentivize Brazilian farmers to plant well beyond the ideal time. Brazilian soybeans were some 59 percent harvested overall with Mato Grosso’s [...]

Soybean prices test new highs before falling

Soybean futures prices rallied last week and tested new highs, with values Thursday reaching $14.43 per bushel. However, prices could not hold and subsequently ended the day below the previous high of $14.36 per bushel on Jan. 14. Soybean harvest delays in South America [...]

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 [...]

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 [...]

Soybean harvest nearly complete

The U.S. soybean crop was 88 percent harvested as of Nov. 11, still behind the five-year average pace due to wet weather hampering harvest progress in several states. The crop in Arkansas, for example, was just 78 percent harvested, compared to the state’s five-year [...]