Crop Progress Report June 8
As of June 7, 92% of the nation’s winter wheat was headed vs. 87% last week and 85% average. Winter wheat harvest was 11% complete vs. 35% last week and 6% average. Winter wheat’s crop condition rating decreased 1% to 25% g/e, 29% fair and 46% p/vp. As of June 7, 98% of the nation’s […]
Crop Progress Report June 8
As of June 7, 92% of the nation’s winter wheat was headed vs. 87% last week and 85% average. Winter wheat harvest was 11% complete vs. 35% last week and 6% average. Winter wheat’s crop condition rating decreased 1% to 25% g/e, 29% fair and 46% p/vp. As of June 7, 98% of the nation’s […]
Export Shipments Report June 8
Last week’s wheat export shipments pace was estimated at 11.8 MB. After 1 week, wheat shipments were at 1% of USDA’s expectations vs. 1% last year. With 51 weeks left in wheat’s export marketing year, shipments need to average 15.0 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was […]
Export Shipments Report June 8
Last week’s wheat export shipments pace was estimated at 11.8 MB. After 1 week, wheat shipments were at 1% of USDA’s expectations vs. 1% last year. With 51 weeks left in wheat’s export marketing year, shipments need to average 15.0 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was […]
Wheat Weekly Comments June 5
To start the week wheat opened higher and extended session gains throughout the night. Mpls was the weakest of the three wheat exchanges while both winter wheat exchanges saw decent gains. Early support was due to technical buying as wheat bounced off support. A sharply higher crude oil market added support. Gains were trimmed from […]
Corn Weekly Comments June 5
Corn started the week by opening lower and then continued to trade with small losses throughout the night. Support spilled over from the higher wheat and soybean markets to help give corn a boost once the day session started by the buying was short lived. Selling was tied to non-threatening weather and expectations that the […]
Soybean Weekly Comments June 5
In Monday’s session soybeans saw decent gains overnight but fell lower throughout the day session and closed lower, with the front months seeing larger losses than the new crop contracts. A lack of threatening weather and expectations of good crop condition ratings in the afternoon’s crop progress report pressured soybeans. The crop progress report estimated […]
Canola/Sunflower Weekly Comments June 5
To start the week canola slowly climbed higher throughout the overnight session and then held those gains in the day session to close with strong gains. Support spilled over from the sharply higher soybean oil and crude oil markets. Technical buying added support. As of May 26, Alberta’s canola crop was 61% planted vs. 31% […]
Cattle Weekly Comments June 5
Cattle started the week posting strong gains and closed out the week ending Thursday posting solid to limit up gains, but those gains were trimmed during the middle of the week. Most of the week’s activity could be attributed to position squaring ahead of and after the finding of a New World Screw Worm case […]
Export Sales Report June 4
Last week’s wheat export sales pace was estimated at net cancellations of 23.6 MB (mostly sales that rolled to the next crop year). After 51 weeks, wheat sales were at 95% of USDA’s expectations vs. 95% last year. With 1 week left in wheat’s export marketing year, sales need to average 42.4 MB to make […]