BASIC & RECENT MARKET INFO

Tidbits Flash sale: Yesterday morning the USDA announced the sale of 330,000 mts of old crop beans to China. The U.S. administration will soon announce details of payments to farmers hurt by low crop prices and trade disputes, Secretary Rollins said yesterday. She also said that the USDA will be making an announcement about "structural changes" to the Supplemental Nutrition Assistance Program, also known as food stamps, the week after Thanksgiving. She has said all SNAP recip

Tidbits Corn Acres:  Zaner Ag Hedge Chief Analyst, Karen Braun, asked USDA/NASS via their chatline (paraphrased): Karen prepared state-by-state corn acres reported in June vs corn acres in September. Note the biggest acreage increases percentage wise were in Mississippi, North Dakota, Kansas, Arkansas, South Dakota, Texas, Wisconsin, and Ohio. Together, Nebraska and Minnesota added 850,000 acres.

Tidbits Yield:  Darren Frye of Water Street Commodities in Peoria has been a market analyst for 42 years and is well respected in the business. He is not afraid to say what he thinks no matter who is listening. After Friday’s USDA numbers were released he wrote on X: "I am lowering my yield range in corn to 170-175 (USDA 186.7) . USDA will be coming down big on next report. People think it was a perfect year for corn. Well, the corn is speaking and it is saying this is an “ep

Highlights The USDA Grain Inventory and Actual Planted Acreage  Reports were so absolutely neutral, that the biggest news of the day from USDA was the corn crop conditions added 3% this past week to the top two condition categories after losing 2% a week ago. Soybean crop condition ratings were unchanged. Corn stocks were less than a year ago and almost as expected. Of the remaining old crop corn, 2.556 billion bushels (3.026 a year ago) were still on the farm and 2.087 billi

The numbers were: Neutral Corn Unfriendly Old Crop Soybeans Friendly New Crop Soybeans Unfriendly Wheat 15 minutes after the report:...