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Tidbits, Export Inspections, Markets & Rain Days Update 9/26/23

Highlights


The war is escalating.

Yesterday morning, the USDA reported the sale of 1,049,771 mts of old crop corn and 611,389 mts of new crop corn to Mexico. That is a bunch of corn, Folks.

China asked for FOB prices on corn shipped from the PNW. They got quotes of +133 to +135Z (135¢ over corn for December futures), which is cheaper than Brazil’s corn when freight is included. Get those rail cars lined up!

Corn is 70% mature, 10% more than normal for this date and 15% is harvested, 2% more than normal.

The soybean crop has 73% dropping leaves, 11% ahead of the normal pace and is 12% harvested, 1% ahead of normal.

The winter wheat crop is 26% planted,3% behind the normal pace.

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