Latest News From Grain Markets

Some fields have a spot that consistently does not produce, but don't ignore those acres. If 156 acres average 200 bu. per acre, but 4 acres average 20 bu., the yield on the 160-acre field drops to 195.5 bu. per acre.

In early January, Illinois crop budgets were revised for 2024. Farmers are predicted to lose $135 to $160 per acre for corn and $20 to $107 per acre for soybeans. What’s a farmer to do when news is a punch in the gut?

Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that. 

Soybean demand makes the market more receptive to a postharvest rally if production trends lower into January. Corn exports are behind last year’s pace, and importers are turning to Brazil’s corn.

The 64.5-million-bushel sale was split 41.3 million bushels for this marketing year and 24.1 million bushels for 2024-25. It's the 11th largest daily export sale on record and the third largest sale of corn to Mexico.

As the two leaders of the ProFarmer Crop Tour converge, the eastern route and western route tell two very different stories—Chip Flory and Brian Grete are watching the markets with new perspective on crop conditions.

AgriTalk host Chip Flory will have full analysis of the Pro Farmer National Yield Estimates live at 2 p.m. CDT.

Whether you have a low-cost operation, a highly leveraged operation or are somewhere in between, it's a good idea to run an ROI analysis to understand just how good or bad marketing opportunities are at any time.

A string of new crop soybean export sales is a welcome as year-to-date sales are running woefully behind last year and the five year average.

Corn and soybeans are in a full-blown weather rally. After a sharply higher week, what should farmers watch for to decide when to market their crops?

According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.

The Black Sea Grain Initiative has been extended again for 60 days.  What does it mean for the grain markets?

EPA has announced it will issue an emergency waiver to allow E15 use this summer. The temporary waivers will be issued every 20 days and exempt the 15% ethanol fuel blend from volatility requirements.

How will big South American production impact U.S. producers who are preparing to plant a crop this spring? 

Cash basis levels for corn and soybeans at 20-year highs as a result of transportation issues tied to winter storm Elliott, but it's also due to tight supplies.

The current trend is a friend to farmers, as the markets ended the day green almost across the board. Gulke Group's Jamie Wasemiller breaks down the positive outlook and provides insights to post-Christmas trade.

In drought areas of the western and southern Corn Belt, cash basis is on fire, which has created strong prices for farmers at harvest due to the short crop. It's a stark contrast to the east.

Grains up on technical bounce and help from outside markets, strong soybean exports. LC made new highs for the move on higher cash and cutouts. Michelle Rook talks to John Heinberg of Total Farm Marketing.  

From rate hikes to global recession fears to pathetic exports, many issues softened the grain markets this week. Gulke Group’s Jamie Wasemiller shares his analysis.

There are high odds the harvest lows for grain prices were made in July, yet the seasonals suggest otherwise. 

Pro Farmer estimates the U.S. corn crop at 13.759 billion bushels, with an average yield of 168.1 bu. per acre, and the U.S. soybean crop at 4.535 billion bushels, with an average yield of 51.7 bu. per acre.

With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.

Have you called your grain buyers lately? If you haven’t, now is the time. Basis levels are high in many parts of farm country.

Soybeans will be bidding for U.S. acres in the next three years (and longer) to feed crush expansion. 

The dramatic development of the U.S. renewable diesel industry is similar to how ethanol changed the U.S. corn industry. But it could be more even disruptive.

The “free” storage being advertised by grain buyers can also be called price later opportunities, delayed pricing or DP. 

Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.

Make basis analysis the foundation of pricing decisions.

Pro Farmer estimates the U.S. corn crop at 15.116 billion bu. with an average yield of 177.0 bu. per acre. We estimate the U.S. soybean crop at 4.436 billion bu. on a national average yield of 51.2 bu. per acre.

Pro Farmer's National Estimates reflect Pro Farmer's view on production and yields. The estimates will be released at 1:30 p.m. CT in a special live event.

Scouts measured average corn yield potential of 190.8 bu. per acre. Pod counts in a 3’x3’ square averaged 1.218.

Scouts measured average corn yield potential of 177.4 bu. per acre. Pod counts in a 3’x3’ square averaged 1,027.

Tune in for coverage of the last day of coverage with scouts sampling fields in Iowa and Minnesota. Results for these states will be unveiled at 8:00 p.m. CT.

Eastern Tour Consultant Mark Bernard shares a midday report from his route through Iowa and Minnesota.

Crop Tour Day 3 results show strong corn yield prospects for southwest Iowa.

Scouts measured average corn yield potential of 196.30 bu. per acre for Illinois. Pod counts in a 3’x3’ square averaged 1,279.79.

Full results for the state will be released tomorrow.

Watch this live broadcast as Tour leaders and scouts comment on what they found on routes through Illinois and western Iowa, with results unveiled at 8:00 p.m. CT.

Eastern Tour Leader Brian Grete shares a midday update on his route through central and west-central Illinois.

Nebraska soybean pod counts down 5.5% from year-ago, rain needed soon; state's estimated corn yield up over 4%.

Scouts measured average corn yield potential of 182.6 bu. per acre for Nebraska. Pod counts in a 3’x3’ square averaged 1,226.

Scouts measured average corn yield potential of 193.5 bu. per acre for Indiana. Pod counts in a 3’x3’ square averaged 1,240.

Stream our nightly Crop Tour meetings here. The video begins at 7:00 p.m. CT.

Brent Judisch, western Tour consultant, shares some preliminary observations and route results from Nebraska.

From the Data Bunker | August 16, 2021 Crop Tour Day 1- Ohio and South Dakota Yield Indicators

From the Rows | August 16, 2021 Crop Tour Day 1 shows South Dakota corn, soybeans under dryness stress.

Bruce Blythe shares some initial comments and results from his route through South Dakota.

Know which marketing tool to pull from the toolbox. Use the insights from this free eBook to make smarter grain marketing decisions.

Corn and soybean supplies will remain tight enough the next 15 months to make it difficult to recognize the high when it is made.

Futures exchange operator CME Group Inc said on Tuesday it will not reopen the physical trading pits which it closed last March due to the COVID-19 pandemic.