News
Indiana, Iowa and Wisconsin gain; Illinois unchanged
Corn bulls have shown impressive resilience the past couple of days in the wake of Tuesday’s USDA Crop Production Report.
High heat in the central/southern U.S.
The U.S. is urging the Codex Committee on Pesticide Residues to delay adopting a new pesticide risk assessment method and gather more data first.
Significant increase in dry conditions for Arkansas
Net sales reductions for old-crop corn and soybeans were rather disappointing today as traders and analysts alike are looking for old-crop exports to end the year strong.
While prices were mixed, most still remain above nearby futures.
USDA reported net soybean sales of 1.13 MMT for the week ended Aug. 7, with sales primarily to unknown destinations. Meanwhile, old-crop corn and soybean sales each carved marketing-year lows.
Profit taking in soybeans overnight; technical selling in corn, wheat
Prices lower as harvest progresses well
This year’s crop has been hyped up to be record breaking — we will see how that holds up.
Soybeans are pulling corn and wheat higher.
Yesterday, USDA released projections for a record corn harvest of 16.7 billion bushels and sharply lowered its expected average corn price—a combination that could lead to much higher commodity program payouts.
Trading action the rest of this week is critical for corn market
USDA surprised to the upside on Corn yields
USDA increased the national corn yield by 7.8 bu. per acre while also increasing harvested acres.