BASIC & RECENT MARKET INFO

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 Yesterday morning, USDA announced the sale of 136,000 mts of 2022 crop soybeans to China. That is rather surprising given they just bought 3+ million mt of Argentine beans at prices $25 below US prices. What does China know that we don’t? For one thing, they have a good idea how many beans they are going to need between now and when the new crop Brazilian beans become available in late January. Keep in mind, Brazil harvested a 2022 bean crop that was 20 to 25 mil

Highlights The USDA announced yesterday morning that 517,000 mt of new crop soybeans were sold to China. Soybeans in China’s futures have rallied 80 cents per bushel the last 2 days. September grain options expire tomorrow. Usually a down day for prices, but the Pro Farmer Tour results may change that. The Tour results will be released tomorrow morning. Reuter’s Karen Braun commented yesterday: Averaging 198 bu/acre through 8 stops in W Iowa- Pottawattamie, Harrison, Crawf

Highlights Five Russian Kalibr cruise missiles were fired Saturday night from ships in the Black Sea. Two were shot down by Ukrainian air defenses while three hit agricultural targets, but there were no casualties. Russia said on Sunday the missiles had destroyed an ammunition depot containing missiles for U.S. made HIMARS rockets, while Ukrainian officials said a granary had been hit. Ukrainian officials also reported the city of Nikopol, which lies across the Dnipro River

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Highlights CBOT corn and beans opened lower last night probably because a bit more rain in the 8 to 14 day forecast. There is a lot of hot and dry weather between now and then with two crop progress reports, the first one this afternoon. People in a position (business and government) to know what they are talking about say gasoline prices will be down to $4.75 within a month or less. Some of the more intelligent Democrats realize if gasoline prices do not decline sharply bef

Highlights The war for Ukraine is not going to end after Russia completes its quest to gain complete control of the Eastern Ukraine disputed Donbas-Luhansk area. NATO said the war will continue for two more years at the least. NATO will most certainly do their best to make sure the war does just that. Russia’s military movements clearly show Ukraine’s second largest city, Kharkiv, in the extreme northeast part of the country, just 35 miles from the Russian border, is the nex

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

Highlights Russia is negotiating with Georgia, Armenia and Azerbaijan to organize the re-export of Russian products to international...

Highlights There were 7 natural gas or crude oil drilling rigs and 4 shale fracking rigs added last week in the USA. There are now 670...

Highlights There was nothing in Friday’s USDA numbers that justified such a strong finish on Friday. Jet fuel supplies on the US East...

Highlights Saudi Arabia has increased the price of crude oil for May delivery to all buyers: Arab Light to Asia (which gets two-thirds of...

Highlights It is clear the Russian military pressure on Ukraine’s capital city of Kyiv has rescinded and moved east toward the Russian...

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...

Highlights Now read this and take it to heart: US farmers are going to plant at least 1.5 million more acres of corn and at least 1.5...