October Cattle on Feed Report
The October COF report was bullish cattle as although most estimates were close to expectations, they were at the lowest levels for Sept (Placements and Marketing) since the series began in 1996. The numbers for the report showed On Feed at 100% (as expected), Placed at 88% (4% below expectations and a record low), and […]
October Cattle on Feed Report
The October COF report was bullish cattle as although most estimates were close to expectations, they were at the lowest levels for Sept (Placements and Marketing) since the series began in 1996. The numbers for the report showed On Feed at 100% (as expected), Placed at 88% (4% below expectations and a record low), and […]
Wheat Weekly Comments October 23
Wheat started Monday’s session with each of the wheat exchanges going in their own direction (Mpls steady, Chicago lower, KC higher). Technical buying helped to give wheat support early as wheat tried to bounce off lows not seen since Aug. But by midsession wheat turned lower due to spill over selling pressure from the lower […]
Corn Weekly Comments October 23
Corn opened Monday’s session lower and continued to trade with small losses throughout the night and into the day. Early selling was tied to expectations that the afternoon’s Crop Progress report will show good harvest progress, with many estimates expecting corn harvest to be at or ahead of the 5-year average pace. Losses expanded once […]
Soybean Weekly Comments October 23
In Monday’s session soybeans opened lower but managed to trade with small losses throughout the night session. Early support came from two flash export sale announcements as China was in overnight and bought 114 TMT of US soybeans while an unknown destination was in and bought 261 TMT of US soybeans. Light support was also […]
Canola/Sunflower Weekly Comments October 23
In Monday’s session canola opened lower and extended session losses throughout the night and day. Early selling pressure spilled over from the lower US soybean complex. Light selling was also tied to improving weather conditions for Canada, which should help move harvest progress forward. Canola gapped lower at the start of the overnight session and […]
Cattle Weekly Comments October 23
Cattle traded mixed this week with live cattle starting and ending week Thursday under pressure but posted decent gains in the middle two sessions. Feeder cattle started the week off posting solid gains and expanded gains throughout the week but ran into profit taking and position squaring at the end of the week Thursday. The […]
Crop Insurance Harvest Price Tracking
Harvest prices are now official for barley, canola, flax, oats, rye, spring wheat, durum, and winter wheat in SD. Since the harvest prices are higher than the base prices, you must have a bushel loss to have a claim. Since you cannot have a revenue only loss, we will not be sending out revenue loss […]
Crop Insurance Harvest Price Tracking
Harvest prices are now official for barley, canola, flax, oats, rye, spring wheat, durum, and winter wheat in SD. Since the harvest prices are higher than the base prices, you must have a bushel loss to have a claim. Since you cannot have a revenue only loss, we will not be sending out revenue loss […]
Export Sales Report October 22
Last week’s wheat export sales pace was estimated at 8.8 MB. After 20 weeks, wheat sales were at 52% of USDA’s expectations vs. 64% last year. With 32 weeks left in wheat’s export marketing year, sales need to average 11.2 MB to make USDA’s projection of 750 MB. Last week’s corn export sales pace was […]