Closing Comments May 6, 2025
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Crop Progress Report May 5
As of May 4, 39% of the nation’s winter wheat crop was headed vs 27% last week and 33% average. The winter wheat crop condition rating increased 2% (as expected) to 51% g/e, 31% fair, and 18% p/vp. As of May 4, spring wheat planting progress was estimated at 44% complete vs 30% last week […]
Crop Progress Report May 5
As of May 4, 39% of the nation’s winter wheat crop was headed vs 27% last week and 33% average. The winter wheat crop condition rating increased 2% (as expected) to 51% g/e, 31% fair, and 18% p/vp. As of May 4, spring wheat planting progress was estimated at 44% complete vs 30% last week […]
Export Shipments Report May 5
Last week’s wheat export shipments pace was estimated at 11.4 MB. After 48 weeks, wheat shipments were at 89% of USDA’s expectations vs. 90% last year. With 4 weeks left in wheat’s export marketing year, shipments need to average 23.4 MB to make USDA’s projection of 820 MB. Last week’s corn export shipments pace was […]
Export Shipments Report May 5
Last week’s wheat export shipments pace was estimated at 11.4 MB. After 48 weeks, wheat shipments were at 89% of USDA’s expectations vs. 90% last year. With 4 weeks left in wheat’s export marketing year, shipments need to average 23.4 MB to make USDA’s projection of 820 MB. Last week’s corn export shipments pace was […]
What’s Hot, What’s Not in the Markets May 5
Wheat Weekly Comments May 2
To start the week wheat opened the session lower with KC gapping lower right out of the gate. The selling pressure was enough to push Chicago and KC to new contract lows. Mpls remains above contract lows. Early selling was tied to improving growing conditions not only in the US but also in India and […]
Corn Weekly Comments May 2
Corn opened Monday’s session lower and extended session losses early. Early selling was tied to reports of good rain over the weekend for parts of the Corn Belt. Reports of rain in the Northern Plains/Western Corn Belt today added pressure. Although the rain will likely delay planting activity in the Northern Plains/Western Corn Belt for […]
Soybean Weekly Comments May 2
To start the week soybeans were lower overnight and into the day session. The market was able to get on the positive side late in the day session and closed with small gains. Light support came from technical buying. Spillover support came from the strong gains in the soybean oil market. Support also came from […]
Canola/Sunflower Weekly Comments May 2
To start the week, canola gapped lower at the start of the overnight session and then added to the losses. The market briefly got on the positive side midway through the day session but then faded again and closed with losses in old crop and small gains in the new crop contracts. Technical selling pushed […]
