Markets - General
Brad and Lisa Dircks’ farm in Lowden, Iowa was flattened by the derecho last week. This week, scouts on the Pro Farmer Crop Tour will gauge the scope of damage, wading through fields across eastern Iowa.
You have the opportunity to attend Pro Farmer Crop Tour nightly meetings in person or watch the nightly broadcast online this year.
Muted market action Friday followed a day where positive prices were posted across the CME. As farmers enter a month that could produce more volatility, analysts say the major market moving factor is the same.
The market seems to have learned from history, and we might witness a repeat.
Hot and dry weather is expected for the next week or two, but forecasts vary on how dry August will be. Any weather shift could shake up the market.
Even with the heat in the forecast, rains have helped remove the panic from the corn and soybean markets the past month. And as July enters its final weeks, the corn “weather market” may be behind the U.S.
July rains calmed some concern about the corn crop this year, but between crop conditions, weather issues and other factors stirring in the markets, analysts say soybeans may still have a bullish story this summer.
A 2021 big-yield scenario suggests lower prices than seen in mid-July, but not low enough to leave financials stained with red ink.
As rains swept portions of the Corn Belt still parched and searching for rain, not every area of the country saw rain relief. The spring planted wheat crop is still suffering from too much heat and not enough rain.
Traders liked what they saw in the latest World Agricultural Supply and Demand Estimates (WASDE) report released Monday from USDA. Joe Vaclavik and Ben Brown break down the key takeaways from Monday’s report.
Less than two weeks after USDA issued an updated June Acreage Report, which revealed fewer planted acres than expected, USDA says it still expects larger corn supplies and an uptick in ending stocks.
Just a day after USDA released the July WASDE report, which showed a shocking drop in all-wheat production and yield, the July corn contract traded 80 cents higher mid-day Tuesday. Analysts weigh in on the reason.
The Acreage report lit up the grain markets last week, with USDA calling for lower corn and soybean total acres in 2021. Unfortunately, those market fireworks have fizzled.
The global economy’s slow-and-steady rebound from the COVID-19 pandemic is good news for U.S. agriculture.
Wet weather forecasts across the Midwest caused commodity prices to tank Tuesday, with soybean oil and corn hitting the daily limits lower. Much of the Midwest is forecast to receive rain at key pollination time.
Chicago Board of Trade corn and soybean futures rose to their highest since mid-June on Thursday, with traders noting continued support from a U.S. government report that showed spring plantings fell below expectations.
Given stubborn demand, the answer hangs on 2021 crops.
Digging the depth of the lower Mississippi from 45’ to 50’ could generate an extra $461 million annually for the U.S. soybean industry.
USDA’s June 30 Acreage report is known to offer a few surprises, and the 2021 edition delivered.
Weather was a major factor, but the attention is also on USDA’s June acreage report set for Wednesday, June 30. Mark Gold and Chip Nellinger talk about weather and acreage leading into the big report.
Corn prices came under pressure Tuesday. With July corn falling 37 cents to end the day to close at $6.20, the closing price on Monday marked a one-month low.
After corn fell to one-month lows on Tuesday, corn prices clawed back on Wednesday, and soybean prices continued to slip. AgriTalk explains why China and 2021 crop potential continue to be the key fundamentals at play.
As commodity prices screamed higher, the cost of doing business is increasing for grain elevators also was on the rise. And market analysts say if commodity prices rally again, it could come at a cost to farmers.
From a weakening basis to concerns about falling demand, soybean prices slipped on Friday, hitting a one-month low. AgriTalk’s Chip Flory digests the slipping soybean prices and what it means for the week ahead.
China’s appetite for new crop corn is now sitting in uncharted waters. China has committed to purchasing 321.2 million bushels, or 8.15 million metric tons, since May 10, and analysts say there are two main drivers.
For the week of May 17, corn was higher and soybeans were down hard along with wheat, meal, canola and soy oil. There has been good opportunities to sell cash and avoid the futures exposure.
Corn and soybean prices saw pressure on Monday as recent rains in the Midwest weighed on the market. Wheat futures also traded lower, falling to the lowest level in more than a month.
The commodity markets finished the month of May with more volatility. As the market is greeted by June next week, analysts say weather will start having an even bigger impact on prices.
USDA’s report this week showed 76% of the U.S. corn crop is rated good to excellent, 2 points better than last year. The ratings are causing confusion for farmers seeing struggling crop stands due to weather extremes.
U.S. soybean oil futures rallied to a record high on Monday, with tight supplies in focus due to strong demand from the biofuel sector as drivers return to roads following COVID-19 related shutdowns.