MARKET COMMENTARY

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Closing Comments; Friday, September 17th, 2021

Corn, soybeans, and wheat closed in the red today. Soybeans were the loss leader on reports of better than expected yields in several areas and concerns of lost demand due to logistic issues at the Gulf. Indication that acreage of both corn and soybeans may be underestimated also pressured values...

Morning Comments; Friday, September 17th, 2021

Friday Comments; Monday, September 17thCorn and soybeans are weaker in early trade. This week’s National Oilseed Processors Association (NOPA) crush figures were reported at 158.8 million bushels, topping the higher range of trade expectations. The updated total implies slightly higher crush demand than what the USDA is forecasting. The USDA...

Closing Comments; Thursday September 16, 2021

Closing Comments: Thursday September 16, 2021. The Ag markets were mixed throughout the day session as global supply remains a concern and U.S. exporters continue to monitor terminal access as we head into harvest mode. Some disease damaged corn and early reports of low test weight have kept the trade...

Morning Comments; Thursday, September 16, 2021

Morning Comments: Thursday September 16, 2021. Grains are trading higher on the overnight trade. Although upcoming harvest is thought to hold back the soybean bid, some lower than thought early yield reports out and gained strength in oil markets have impacted the market. Also impacting the trade is China’s need...

Closing Comments; Wednesday, September 15th, 2021

Closing Comments: Wednesday, September 15th, 2021 Ethanol production for the weekending September 10th rose 14,000 barrels per day at 937,000 barrels per day, which is a 4-week high. Production used an estimated 92.8 million bushels, up 1.4 million bushels from last week but down from 95.6 million bushels last year....

Morning Comments; Wednesday, September 15th, 2021

Morning Comments: Wednesday, September 8th, 2021 Grains are trading higher on the overnight trade. Weather patterns are starting to be watched, especially when it comes to South American weather and soybean planting. La Nina weather is in the process of developing again, with a similar pattern to last year. If...

Closing Comments; Tuesday, September 14, 2021

2021/22 US export movement is off to a rough start with Hurricane Ida to blame. Delays continue at the ports of New Orleans, as power restoration is still under way. Tropical Storm Nicholas is expected to bring heavy rains to the area, which will further inhibit repair efforts. Corn inspections...

Morning Comments; Tuesday, September 14, 2021

Soybean demand by China is a current grain market focus as of late. With not many soybeans shipped from Brazil to China right now, and even less from the US due to hurricane aftermath at New Orleans, China needs to see boats headed their way to meet their crush demand...

Closing Comments; Monday, September 13th, 2021

Closing Comments; Monday, September 13th The Ag commodities were able to recover from earlier losses as the day progressed. Continued progress at the ports in the Gulf have analyst expecting exports could be operable sooner than expected; limiting losses. The dollar coming off early highs also help the Ag’s recoup...

Morning Comments; Monday, September 13th, 2021

Corn, soybeans, and wheat are lower in early trade. With the September USDA report in the books, trade will now center the majority of their attention on early harvest yield reports and South American weather. Last week, weather experts increased the probability of a La Nina weather pattern to 70-80...

Weekly Review; Friday September 10, 2021

Weekly Review Some yield predictions ahead of the USDA Supply and Demand report released Friday September 10th, gave mixed reviews of private acreage and yield predictions. Objective field sampling was used for the first time this year, and results show a larger picture of potential damage, or lack thereof. Due...

Closing Comments; Thursday, September 9, 2021

Closing Comments: Thursday September 9, 2021. The Ag commodities suffered some today as traders expect an increase in production on tomorrow’s supply and demand report. The USDA will update its yield estimates for the 2021/22 crop at 11:00 Friday. The trade is expecting an increase to 175.8 bushels per acre...

Closing Comments; Friday, September 3rd, 2021

The commodities were mostly firmer today. Soybeans led the way higher, as trade contemplates next week’s USDA proposed acreage adjustments. Following the August release, data showed the possibility of increased corn acreage and some believe that the increased acres could come at the expense of soybeans. Another announced purchase by...

Weekly Reivew; Friday, September 3rd, 2021

Weekly Review Crop ratings remained steady this week. US corn stayed unchanged at 60% good to excellent. Soybeans stayed at 58% g/e. Iowa corn ratings remained unchanged at 58% g/e, up 13 points from last year. Iowa soybeans were down 1 point at 60% g/e, down 10 points from last...

Morning Comments; Friday, September 3rd, 2021

The Ag commodities are mixed in early trade. The updated drought monitor released yesterday showed widespread improvements across much of the Midwest and Plains growing regions. Category improvements were noted across several of the driest areas as rainfall totals ranged from 2 to 12 inches. In some of these areas,...

Morning Comments; September 2, 2021

Morning Comments: Thursday September 2, 2021. Grains are trading lower on the overnight session. The Ag markets have been under pressure as the trade examines the damage Hurricane Ida has done to U.S. export flow due to loss of power at the Gulf. Export terminals have been shut down in...

Closing Comments; Tuesday, August 31, 2021

National corn and soybean ratings released yesterday by the USDA remained steady this week. US corn was rated at 60% good to excellent, unchanged from last week. Soybeans clocked in at 58% g/e, also unchanged. Iowa corn ratings remained unchanged at 58% g/e, up 13 points from last year. Iowa...

Morning Comments; Tuesday, August 31st, 2021

Crop condition ratings released yesterday afternoon by the USDA peg Iowa crops in line with National averages. US corn and soybean good to excellent ratings both remained unchanged at 60% and 56% respectively. Corn ratings currently sit just 2 points below last year’s ratings, with beans down 10. Iowa corn...

Morning Comments; Monday, August 30th, 2021

Corn and soybean values are weaker in early trade. Statistics Canada is expected to publish their Canadian wheat forecast this morning. The firm is expected to reduce all wheat output to 22.6 MMT, down a large 12.6 MMT from last year and below the USDA’s August estimate of 24 MMT....

Closing Comments; Friday, August 27th, 2021

Closing Comments: Friday, August 27th, 2021 Corn, soybeans, and wheat finished today’s trade mixed. Corn futures managed to close in the green despite lower wheat and soybean values. Soybean futures were under moderate pressure mid-day as late season rains across the Midwest are expected to add yield to the maturing...

Weekly Review; Friday, August 27th, 2021

Weekly Review The Ag commodities settled into more of a sideways trading pattern this week following the prior week’s sell off. The U.S. dollar index weakened after the recent run to nine-month highs. Decreased crop ratings also stabilized commodity futures as production concerns remain. Upward moves were limited as several...

Morning Comments; Friday, August 27th, 2021

Futures are weaker in early trade. Despite widespread rain across many areas in the western Corn Belt and Plains states, no major improvements were seen in the weekly drought classifications. According to the updated drought monitor, only minor improvements were scattered throughout the Dakotas, Iowa, Minnesota, and Nebraska. Further east...

  
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