BASIC & RECENT MARKET INFO

Highlights October grain options expire today. It is usually a down day plus we may see some pre-hedging this afternoon. Prehedging is merchandisers selling futures late on a Friday prior to a harvest weekend to hedge the grain they expect to buy over the weekend. There won’t be much, but the specs may not know that. Yesterday morning, the USDA announced the sales of: 105,000 mts of 2022 corn to Mexico 101,600 mts of 2022 corn to unknown Yield Report Saunders County, NE Neb

Highlights Remember, in dry years, the poorest yielding crops will be harvested first. Western Iowa yield report: Dry land soybeans making 20 BPA. Last year, similar ground made 60+. Dry land corn 20-50 BPA. Really good ground making 75-100 BPA. Last year would’ve made 225-250. Good ground last year 275-300. Thanks, Andrew Dr. Michael Cordonnier is a retired agronomy professor from Michigan State University College of Agriculture who is considered the authority on South Am

Highlights The railroad unions will delay their strike vote until Sep 29 to allow more time for a settlement to be reached. Today the USDA will release 4 weeks or export sales information at 7:30 AM Central time. It could rattle the markets a bit. This is the first day it is legal to plant soybeans in the Central area of Brazil. The heart of that bean area is Rondonópolis, the first location on our daily ten day forecast. Farmers will not plant until they are convinced the

Highlights Earlier this week, the EU said it would put a price cap on Russian crude oil to take effect in December and a cap on Russian natural gas as soon as possible to save the European industry and electricity markets and consumers. At least 10 EU member states are opposed to the EU slapping a price cap on Russian natural gas. They fear Putin would retaliate with a complete halt of gas supply to all of Europe. Seventy-four percent of all Russian natural gas goes to Europ

Highlights The USDA will issue its monthly Crop Production and Supply and Demand (S&D) Reports today at 10 AM Mountain Time. Roger expects neutral to friendly numbers. If there is a sell-off as a result of the numbers, it will be met with high volume buying because users know supplies are tight. Yesterday morning, the USDA announced a sale of 103,400 mt of new crop soymeal to Mexico. The USDA’s average spot price for soybean meal in Illinois closed at $605.00 per short ton T

Brazilian Safrinha Corn Yields are Variable (Issued June 24th, 2022) Author: Dr. Michael Cordonnier/Soybean & Corn Advisor, Inc. Parana - The 2021/22 safrinha corn crop in Parana was 2% pollinating, 54% filling grain, 44% mature, and 3% harvested earlier this week according to the Department of Rural Economics (Deral). The corn was rated 5% poor, 20% average, and 75% good. The regions with the highest percentage of the crop rated poor were Francisco Beltrao in southern Pa

Highlights After manufacturing moldboard plows the past 185 years, John Deere announced it will build no more moldboard plows. Plows with steel mold boards instead of wood or cast iron is what made a blacksmith named John Deere rich. Monday, June 20th is a holiday; no ag commodity trading. USDA made no changes to South America’s corn crop, but increased soybean production in both Argentina and Brazil. Indonesia announced it would fully open palm oil exports. China trimmed

Highlights Several months ago, rebels attacked and put out of action the largest oil field in Libya. That oil field went back into production this past weekend. It was attacked again yesterday by rebel forces and crude oil went from 60 cents lower on the day to $1.20 higher before settling at $119.41, up 91 cents. India plans to double its purchases of Russian crude oil. They buy it at a 30% discount because of sanctions on Russian crude, blend it 50/50 with non-Russian crude

Highlights

Highlights Some planters in the fields pressured prices Monday, but the bigger news was the $7.38 drop in cash crude oil prices due to...

Highlights Yesterday, the Brazil ag consulting firm, Safras & Mercado, lowered their Brazilian bean crop estimate from 125.08 to 122.3...

Highlights Today is the last trading day before the first notice day of delivery assignments on the May CBOT agriculture contracts. After...

Highlights Now that the holiday is behind us, Reuters released more details about Friday’s NOPA report. March crush was 181.759 million...

Highlights Two Libyan ports have stopped loading crude oil due to protests calling for the Prime Minister to step down. National Oil...

Highlights We cannot find any numbers for the March NOPA Soybean crush numbers. They are scheduled to be released on the 15th of every...

Highlights Yesterday morning, the USDA announced the sale of 136,000 mts of old crop corn to unknown. Thursday's USDA’s bean acres of...

John Deere will sell machine-servicing software to farmers and mechanic shops beginning in May. More than 10 million egg-laying hens have...

Oil Problems: Storms two days ago knocked off-line two of the three crude oil to ship loading platforms in the Eastern Black Sea. One of...