Crop Progress Report April 19
As of April 19, 20% of the nation’s winter wheat was headed vs. 11% last week and 12% average. Winter wheat’s crop condition rating dropped 4% to 30% g/e, 37% fair and 33% p/vp. As of April 19, 12% of the nation’s spring wheat was planted vs. 3% last week and 12% average. ND is […]
Crop Progress Report April 19
As of April 19, 20% of the nation’s winter wheat was headed vs. 11% last week and 12% average. Winter wheat’s crop condition rating dropped 4% to 30% g/e, 37% fair and 33% p/vp. As of April 19, 12% of the nation’s spring wheat was planted vs. 3% last week and 12% average. ND is […]
Export Shipments Report April 20
Last week’s wheat export shipments pace was estimated at 19.0 MB. After 46 weeks, wheat shipments were at 88% of USDA’s expectations vs. 84% last year. With 6 weeks left in wheat’s export marketing year, shipments need to average 18.4 MB to make USDA’s projection of 900 MB. Last week’s corn export shipments pace was […]
Export Shipments Report April 20
Last week’s wheat export shipments pace was estimated at 19.0 MB. After 46 weeks, wheat shipments were at 88% of USDA’s expectations vs. 84% last year. With 6 weeks left in wheat’s export marketing year, shipments need to average 18.4 MB to make USDA’s projection of 900 MB. Last week’s corn export shipments pace was […]
Wheat Weekly Comments April 17
To start the week the wheat markets gapped higher at the start of the overnight session and added to the gains in the day session to close with double-digit gains. Overnight spillover support came from the sharply higher crude oil market. Additional support came from news that weekend rains missed the western 1/3 of the […]
Corn Weekly Comments April 17
Corn started the week by gapping higher at the start of the overnight session and then traded in a choppy fashion. The market faded through the second half of the day session and closed with small losses. Spillover pressure came from the losses in the soybean market. Losses were limited by forecasts for more rain […]
Soybean Weekly Comments April 17
To start the week, soybeans saw gains early in the overnight session, then pulled back and traded around unchanged for the rest of the overnight session. The market fell lower throughout the day session and closed lower, with the front months seeing larger losses than the new crop contracts. Soybeans didn’t see the same push […]
Canola/Sunflower Weekly Comments April 17
To start the week, canola gapped higher at the start of the overnight session but lost ground in the day session and closed mixed with small gains in the front months and small losses in the new crop contracts. Overnight support came from the strong gains in the crude oil market. Gains were trimmed by […]
Cattle Weekly Comments April 17
Cattle opened the week mixed with live cattle trading under pressure while feeder cattle posted small gains. But by Tuesday cattle uncovered buy orders and rallied to pot new all-time record highs in both the live cattle and feeder cattle markets. Although cattle faded the session gains, cattle were still sitting at record highs. The […]
April Cattle on Feed Report
The April COF report was neutral to friendly with the on feed estimate the friendliest number coming in 1% below expectations. The numbers for the report are On Feed: 99% (1% below expectations), Placed: 93% (as expected), and Marketing: 94% (as expected).