Futures activity New-crop Dec-22 futures settled at 6.550 on Thursday, the lowest since Mar. 29. The December contract closed at 6.7400 per bushel on Friday, down from $7.31 per bushel a week ago and down 8 percent week over week. S&D and fundamental factors [...]
As of Apr. 15, Argentina’s corn harvest was up just 2 points on the week to 14 percent harvested vs. a five-year average of 25 percent. Argentine soybean harvest was up 4 points on the week to 7 percent harvested vs. a five-year average [...]
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 [...]
Just a few weeks ahead of the 2020/21 harvest, sugarcane farmers in southern Louisiana and southeastern Texas are preparing for Hurricane Laura, expected to make landfall on Wednesday night. Louisiana’s main sugar growing regions will likely be east of the hurricane’s eyewall, potentially exposing [...]
Soybean futures last Monday closed 9 points higher at $9.12 per bushel, the highest price since Jan. 22. The rally was fueled by less-than-ideal weather forecasts and continued strong import sales for new-crop soybeans. Weather reports Monday were indicating 50 percent of usual rainfall [...]
Recent heavy rains from the southwestern to the northcentral Grain Belt replenished topsoil moisture ahead of a warmer and drier stretch of weather. Beneficial drying is expected across the southern areas, where soil moisture is adequate, as well. As soil moisture is already low [...]
On Tuesday night, May 19 the Tittabawassee River breached the Edenville and Sanford dams north of Midland. Parts of the city of Midland and surrounding areas have reportedly been turned into lakes, with more to come. The river is forecast to crest at 38 [...]
Soybean futures closed on Friday, May 8, with a 14-cent increase on the week as the market took notice of Chinese trade discussions and potential early weather issues. Beans are off to a quick start in terms of planting progress given the favorable weather [...]
