Markets Now Video August 25
Markets Now Audio August 25
Crop Progress Report August 24
As of August 23, spring wheat harvest was 62% complete vs. 41% last week and 52% average. Spring wheat’s crop condition rating decreased 1% to 51% g/e, 35% fair, and 14% p/vp. As of August 23, corn in dough was at 86% vs. 76% last week and 82% average. Corn dented was at 45% vs. […]
Crop Progress Report August 24
As of August 23, spring wheat harvest was 62% complete vs. 41% last week and 52% average. Spring wheat’s crop condition rating decreased 1% to 51% g/e, 35% fair, and 14% p/vp. As of August 23, corn in dough was at 86% vs. 76% last week and 82% average. Corn dented was at 45% vs. […]
Export Shipments Report August 24
Last week’s wheat export shipments pace was estimated at 15.6 MB. After 12 weeks, wheat shipments were at 21% of USDA’s expectations vs. 24% last year. With 40 weeks left in wheat’s export marketing year, shipments need to average 15.4 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was estimated at 51.0 […]
Export Shipments Report August 24
Last week’s wheat export shipments pace was estimated at 15.6 MB. After 12 weeks, wheat shipments were at 21% of USDA’s expectations vs. 24% last year. With 40 weeks left in wheat’s export marketing year, shipments need to average 15.4 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was estimated at 51.0 […]
Wheat Weekly Comments August 21
Wheat opened Monday’s session mixed with Mpls and KC lower while Chiago was higher. By the end of the night session, the winter wheat exchanges were lower while Mpls was higher. Early support came from another escalation in the war between Ukraine and Russia. Reports had Ukraine conducting a massive drone attack on Russia overnight […]
Corn Weekly Comments August 21
To start the week corn opened lower but rose to post small gains by the end of the night. Early support was due to technical buying. Light support was due to strong demand which was evident by this morning export shipments estimate. Weather forecasts are calling for heat to return to the Northern Plains and […]
Soybean Weekly Comments August 21
To start the week soybeans saw mostly small gains overnight but climbed higher throughout Monday’s day session and finished with over 20 cent gains. Support came from escalation in both the Russia/Ukraine and US/Iran wars. Support also came from early Crop Tour reports that found a lot of variability in the soybean crop. Spillover support […]
Canola/Sunflower Weekly Comments August 21
Canola traded back and forth on both sides of unchanged overnight but climbed higher throughout the day session and closed solidly higher on Monday. Support came from the strong gains in the soybean complex. Alberta rated its canola crop at 50% g/e and expects yields to average 38 bu. In the first week of the […]