Corn
Gives 60% or greater odds that ENSO-neutral conditions will linger this growing season.
But state reports note slow development and short corn height.
Dr. Cordonnier leaves his soybean crop projection unchanged.
Corn planted acreage topped expectations, while corn stocks fell short.
Raised its global total grains carryover projection by 1 MMT from last month.
Most stressful conditions in Iowa and Minnesota.
Soybean acreage up 1%, all wheat acreage up 1% and all cotton acreage down 17%.
But slight expansion of drought noted in the Southern Plains.
Traders look for USDA to trim corn and spring wheat acreage from March intentions.
Wet soils are making it difficult for farmers to spray cornfields for weeds such as kochia, the state’s agriculture department reports.
Chip Flory and Brian Grete discuss how traders are starting to pay more attention to new-crop fundamentals.
Corn demand headwinds and major global increases in supply will put producer margins under pressure this year, which will continue for the next three to five years.
Showers continue to delay spring wheat planting.
USDA raises Brazil’s corn crop estimate based on increase in acreage.
Chip Flory and Brian Grete discuss how the markets, for now, are focused on the global supply situation.
Corn fell, heading for the biggest weekly slump since April, on signs of slowing global demand as farmers complete planting of a record crop in the U.S.
Meteorologist Gail Martell provides her weather insight.
Chip Flory and Brian Grete discuss how the supply situation is influencing market action.
Meteorologist Gail Martell provides her weather insight.
Chip Flory and Brian Grete discuss the impact of major rain in the Midwest.
More heavy rain expected over the next five days.
Some of these storms could be accompanied by hail, wind or tornadoes.
Wet weather halts fieldwork in the Corn Belt.
Sees corn acres down from USDA’s March projection, soybean acres higher.
The forecast is not favorable for planting any time soon.
The Grand Forks complex would produce ammonia, urea and UAN for farmers growing crops such as corn and canola.
Pro Farmer’s Chip Flory and Brian Grete anticipate USDA’s reports.
Cool, damp conditions slow fieldwork on Canadian Prairies.
What will be the important changes in Friday’s World Agricultural Supply and Demand Estimates? Here’s what the experts are watching.
Chip Flory and Brian Grete digest this week’s volatile price action in the corn market.