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 […]
Crop Progress Report October 19
As of October 18, winter wheat planting was 63% complete vs. 51% last week and 69% average. Winter wheat emerged was at 39% vs. 27% last week and 43% average. As of October 18, mature corn was at 95% vs. 91% last week and 96% average. Corn harvested was 44% complete vs. 33% last week […]
Crop Progress Report October 19
As of October 18, winter wheat planting was 63% complete vs. 51% last week and 69% average. Winter wheat emerged was at 39% vs. 27% last week and 43% average. As of October 18, mature corn was at 95% vs. 91% last week and 96% average. Corn harvested was 44% complete vs. 33% last week […]
Export Shipments Report October 19
Last week’s wheat export shipments pace was estimated at 8.8 MB. After 20 weeks, wheat shipments were at 35% of USDA’s expectations vs. 45% last year. With 32 weeks left in wheat’s export marketing year, shipments need to average 15.1 MB to make USDA’s projection of 750 MB. Last week’s corn export shipments pace was estimated at 26.5 […]
Export Shipments Report October 19
Last week’s wheat export shipments pace was estimated at 8.8 MB. After 20 weeks, wheat shipments were at 35% of USDA’s expectations vs. 45% last year. With 32 weeks left in wheat’s export marketing year, shipments need to average 15.1 MB to make USDA’s projection of 750 MB. Last week’s corn export shipments pace was estimated at 26.5 […]
Wheat Weekly Comments October 16
To start the week wheat opened lower across the board but managed to shake off the early selling pressure and push higher by the end of the night session. Pressure was due to the lack of news. Today is a government holiday, which has all USDA reports delayed a day. Light selling was also tied […]
Corn Weekly Comments October 16
In Monday’s session corn opened higher and continued to trade with small gains throughout the night. Early support came from thoughts that Friday’s sell off was too much. Support was also due to reports of another failed attempt of an energy ceasefire between Russia and Ukraine. One good thing from Friday, corn set a new […]
Soybean Weekly Comments October 16
To start the week soybeans opened lower and traded with losses throughout the session, although soybeans did trim losses going into the close. Early selling was tied to reports that Brazil’s planting progress was close to 20% complete vs 12% average. This is one of the fastest planting paces for Brazil. The lack of news […]
Canola/Sunflower Weekly Comments October 16
Canola was closed for Canada’s Thanksgiving on Monday. Canola opened Tuesday’s session with gains, but reversed direction and closed lower. Early support came from harvest concerns in Canada. Support also came from news that EPA will reallocate any lost biofuel volumes to 2026 and 2027 production. Gains were trimmed late in the session as once […]
Cattle Weekly Comments October 16
Cattle had a rough week, trading lower for the first three sessions but cattle did manage to trade with gains to close out the week ending Thursday. Economic concerns and talk about possible interest rate increases resulted in week’s sloppy trading. Live cattle opened the week mixed as did the feeder cattle. But cattle came […]