“Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.” -Dwight D. Eisenhower. This reminds me of all the numbers floating around, trying to come up with planted acres and yields. This week’s planting progress report has corn 92% planted and 59% good to excellent. Soybeans
Markets are softer to start Turn-Around-Tuesday. The USDA released their weekly crop progress report on Monday afternoon. US corn planting is 92% complete vs 83% last week and 100% last year. US soybean planting is 77% complete vs 60% last week and 96% last year at this time. The US corn crop is said to
On Tuesday, the USDA showed us an aggressive acreage and yield revision on corn, and Wednesday’s weather forecast turned more wet in the Eastern Corn belt. USDA lowered 2019/20 U.S. Corn ending stocks by 810 million bushels from last month to 1.675 billion bushels. The
After a drier than forecasted weekend and more planting progress than expected, the initial trade was lower yesterday but as funds and end users positioned for what promises to be a news filled and volatile day of trade with the USDA S&D report due out
Markets are trading both sides of the market. The market is watching the weather become drier giving opportunities to plant in the next couple of weeks. Funds are rebuilding their shorts. USDA is releasing their next supply and demand report next Tuesday 11am. Look for a possible revision of potential yield on corn and beans.
Another warm sunny stretch has planting progress moving forward. Seed getting into the ground has caused the markets to back up just a bit. However, there is still the opportunity to capture $4 corn for fall 2019. The crop progress report was released yesterday 6-3-19. US corn planting is up to 67% planted which is
On this short trading week there have been multiple events that have been making the market moves. Corn, beans and wheat have all jumped up significantly. A few reasons for the market moving contributes to weather, plant progress and more tariff talks. Everyone who turns on the news hears the devastation across the U.S. about
Markets continue to move higher with the ongoing rains pounding the farm fields. More than twice as much rain on average fell than was predicted over the last week. A lot of corn is planted in less than ideal conditions. Funds continue to exit their short positions as concerns of corn acres not getting planted.
Happy Thursday, What a difference a week makes! Last week prices just kept falling with no bottom insight and bad news on top of bad news. Fast-forward to Monday, the Crop Progress report came out and bam! 20-May-2019 03:01:44 PM – US CORN – 49 PCT PLANTED VS 30 PCT WK AGO (80 PCT 5-YR
Markets continue to rise! Wet forecasts have the markets in the green again today. Weather maps are calling for a rain system that covers the entire Midwest into early next week. While this next rain system will slow down field work, many farmers were able to at least get something in the ground this week.