Weekly Export Sales Disappointing for Corn and Wheat
Grains Trade Lower in the Overnight Session
Export sales were disappointing for both corn and wheat this morning. Old crop corn only posted 599,200 metric tons of sales which was down 45 percent from the previous week
USDA Releases Their Latest Estimates on Planting Acreage
Grains Were Mixed in the Overnight Session
Yesterday, the USDA released their latest estimates on the planting acreage for the 2018/19 crop year. They pegged soybean acreage at 91 million acres, up from 90.2 in 2017. The USDA also estimated an increase in corn acreage by 600,000 acres to 91 million acres
US Wheat Export Inspections Down 5.9% for this Marketing Year
Grains Trade Mostly Lower in the Overnight Session
Winter Wheat conditions were downgraded this week to 50 percent of the crop rated good-to-excellent from 52 percent last week.
Wheat Trades at New Lows This Morning
Dec Corn, Jan Soybeans and Dec Wheat all down in Trading
Wheat trades at new lows this morning after Friday’s export sales disappointed traders.
Fall Weather Continues to be Challenging for Harvest
January Soybeans Up in the Overnight Session
Weather this fall has been challenging for harvest. The cooler weather and rain delays made it hard for later planted crops to dry down naturally in the field.
Jan Soybeans Lower This Morning after a Light Setback after Friday’s 1.9 percent Jump
Corn and Wheat Also Lower this Morning
Last week the cash market firmed as basis moves out of harvest lows. Corn improved 2 cents and soybeans rallied 4 cents on average across the country
Weekly Cash Comments
Weekly Cash Commentary for week ending 11/17/2017
Basis levels were bolstered this week by improving export basis and a surge in end-user bidding out of harvest lows. On the week, corn was up 2 cents while soybeans climbed 4 cents.
Grains Move Higher in the Overnight Session
Rains in the Midwest This Weekend Delay Corn and Soy Harvest
The latest harvest report from France showed that 99 percent of the corn harvest is complete for crops that were rated good-to-excellent.
Moderate Export Sales This Week
Grains Traded Mixed in the Overnight
USDA To Release Monthly Soy Crush Report
Dec Corn and Jan Soybeans Up in Overnight Session
Today at 11 AM CST NOPA will release their monthly crush report. The National Oilseed Processors Association represents 13 companies that make up over 95 percent of soybean crush in the United States.