USDA Reports
Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans are seeing some profit taking after the rally Monday and after running into chart resistance in the July contract around $10.75 Monday night.
Chip Nellinger, co-owner of Blue Reef Agri-Marketing, says soybeans soared on the combination of positive China trade news and the bullish May WASDE.
At least on the surface, USDA’s estimates for both old and new crop corn and soybean ending stocks were below average trade guesses. However, Jim McCormick, AgMarket.Net, says there is some skepticism due to tariff considerations.
Jon Scheve explains how to analyze spreads and use them to increase profitability for farmers.
USDA’s latest crop progress report puts the country at 24% of corn and 18% of soybeans in the ground. Farmers are sharing timely rains and great conditions to start the season.
Jon Scheve discusses the reasons why the corn market didn’t rally with reports of tighter supply.
A handful of rain-free days were a perfect recipe for spring planting — and farmers took full advantage of the opportunity. This week’s USDA crop progress report puts corn and soybean acres just ahead of last year’s pace.
Jon Scheve discusses how often record yields happen in the U.S. and the likelihood it will happen again in 2025.
Scott Varilek, Kooima Kooima Varilek, says live and feeder cattle futures closed strong on Thursday and for the week, pushed by cash. While new crop corn and soybeans gained as the market transitions from focusing on demand, to focusing on supply.
Jon Scheve discusses the latest report and if corn can rally in the current economic climate.
As of April 13, USDA says 13 states have started planting corn and 10 are working on soybeans. The report calculates 4% of corn and 2% of soybeans are in the ground so far.
Chip Nellinger, Blue Reef Agri-Marketing, says corn and soybeans ended higher with lower ending stocks in the WASDE as corn fell below the 1.5 billion bu. mark.
Major changes weren’t anticipated for USDA’s April World Agricultural Supply and Demand Report, but there were still a few surprises — mostly for corn.
Tommy Grisafi, Nesvick Trading, says grain futures saw risk on buying as traders were adding weather premium but biofuels news was also supportive.
DuWayne Bosse of Bolt Marketing says the grain markets are still digesting the USDA report data but are looking ahead now at weather and the impact of “Liberation Day.”
Darren Frye with Water Street Solutions says the USDA Prospective Plantings and Quarterly Stocks Reports usually generate plenty of fireworks but the reaction was rather benign.
USDA’s March Prospective Plantings report estimates U.S. farmers will plant 95.3 million acres of corn in 2025, 83.5 million acres of soybeans and 45.4 million acres of wheat.
Randy Martinson, Martinson Ag, says he expects more corn in the Dakotas and Minnesota but at the expense of more spring wheat than soybeans.
Not only is USDA releasing its first survey-based acreage report of the year, but it’s the week President Trump is set to unleash reciprocal tariffs. Market analysts warn it could be an explosive week in the markets, and farmers should prepare.
Kent Beadle, Paradigm Futures expects high volatility at the end of the month and recommends farmers get some sort of risk management strategy in place to at least put a flood under grain prices.
Jon Scheve provides some historical insight on corn prices, and shows that in the last 35 years corn’s high for the year has never happened in February.
Jon Scheve discusses the variables that will impact the corn market over the next few months.
Kent Beadle with Paradigm Futures says all but old crop corn saw more pressure with the risk off attitude regarding tariffs and with acreage estimates being released. Meanwhile, weather propelled cattle to fresh highs.
Rich Nelson of Allendale says grains started lower and are quietly mixed awaiting tariff news and the big USDA reports at the end of the month. Allendale’s annual acreage survey confirms higher corn acres at the expense of soybeans.
Jon Scheve discusses currently market variables impacting commodity prices right now.
John Heinberg with Total Farm Marketing says grain and livestock both saw risk off selling tied to trade uncertainty, bearish outside markets and recessionary fears.
Jon Scheve shows historical data that illustrates December corn’s high rarely happens in February, and usually happens in late spring or early summer.
In eight trading sessions, the corn market has lost nearly 50 cents per bushel. Jon Scheve discusses how likely corn will rally in the next few months.
After several weeks of being bullish on corn, Jerry Gulke, president of the Gulke Group, bought protection against downside risk in the market. What changed his mind? It was signs he saw even before USDA released it’s corn acreage at the Ag Outlook Forum.