Crop Progress Report October 5
As of October 4, winter wheat planting was 36% complete vs. 27% last week and 46% average. Winter wheat emerged was at 16% vs. 8%
As of October 4, winter wheat planting was 36% complete vs. 27% last week and 46% average. Winter wheat emerged was at 16% vs. 8%
To start the week wheat opened with each exchange going in its own direction. Mpls was steady, Chicago was lower, and KC higher. By the
In Monday’s session corn opened higher but faded to post heavy losses by the end of the night. Early support was due to reports that
In Monday’s session soybeans drifted lower throughout the session and closed sharply lower. Pressure came from news that soybeans were left off the list of
In Monday’s session canola saw small losses overnight and then added to the losses in the day session to close sharply lower. Pressure came from
Cattle started the week and closed out the week posting losses but did see strong gains during the middle of the week. Cattle started the
To start the week wheat opened with gains in the winter wheat exchanges but lower in Mpls. Wheat managed to brush off the early selling
Corn started Monday’s session steady but never really looked back, pushing higher throughout the session. Early support came from reports that the weekend meeting between
To start the week soybeans gapped higher at the start of the overnight session and then held most of those gains overnight. The market added
Canola slowly climbed higher throughout Monday’s session, closing with strong gains. Support came from the sharply higher soybean complex and the higher European rapeseed market.