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Tidbits, Firm Basis, El Nino, Export Inspections, Markets & Rain Days Update 10/17/23


Crop progress:

  • The nation’s corn crop is 45% harvested, 3% ahead of the 5 year average; the market expected 46%.

  • The beans are 62% harvested, 10% ahead of the average; market expected 57%.

  • Cotton is 33% harvested, 1% ahead of the normal harvest pace.

  • Winter wheat is 68% planted, a perfectly normal pace.

You can access all the crop condition and state by state progress at

The NOPA September soybean crush was reported midday yesterday to be 165.456 million bushels; the market expected only 160 to 162 million bushels (some as low as 155 million). It was a record large crush for any September.

Soyoil stocks were just 1.108 billion lbs., the lowest oil inventory since December 2014. The market expected oil stocks to be 1.208 billion lbs. A hundred million pounds of oil is a lot of oil!

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