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.
Corn and Wheat Drift Lower on Prospects of Large Supplies
Midwest Corn and Soy Harvest Delays Wednesday through Saturday
The latest crop progress report showed that corn is now 83 percent harvested, up 13 percentage points from last week, but still below the five year average of 91 percent harvested at this point of the season.
Cash Market Creeps Higher
Soybeans Posting Stronger Gains than Corn
The cash market creeped higher last week with Soybeans posting stronger gains than corn.
Weekly Cash Comments
Weekly Cash Commentary for week ending 11/10/2017
Another month, another bearish surprise from USDA which pushed corn prices into fresh lows. On the week, corn was off 9, beans down 14 and wheat bucked the bearish backlash adding 3 cents.
Export Sales for Corn and Wheat This Week Were Strong
January Soybeans Trading Higher This Morning
Export sales were strong for corn and wheat this week, but below expectations for soybeans. This weeks wheat export sales were a marketing year high and beat expectations sharply.
Chicago Soybean Futures Rose for a Third Consecutive Session on Wednesday
Reuters Poll of Analysts Say the Expectation is for the USDA to Revise Corn Production Higher
According to a Reuters poll of analysts, the expectation is for the USDA to revise corn production higher to 14.33 billion bushels from 14.28 billion bushels reported in October.
Chicago Soybeans Futures Turn Lower on Tuesday as Harvest Reaches Completion
Grains Trading Lower in Overnight Session
The latest Crop Progress report, which was released yesterday afternoon by the USDA, showed that harvest pace was in line with analyst expectations.
Heavy Rains Stalled Harvest in the Midwest; Back on Track This Week
The Grains Were Trading Higher Overnight
Temperatures are expected to continue being cooler than normal throughout the majority of the grain belt in the 6-10 day forecast.
Soybean Market Turns Higher
Corn and Soybeans Down in the Overnight Market
On Wednesday and Thursday the soybean market turned higher after finding trendline support early this week.