Crop Progress - 2024-10-15

I recommend you have every marketing aspect cleaned up, out to the first quarter.

Corn futures are trading the Tuesday session with losses of 5 to 6 cents. The national average Cash Corn price from cmdtyView is down 5 1/2 cents at $3.70 per bu. The average close for December corn futures, which indicates the fall crop insurance price, so far this month is...

The wheat complex is posting another round of losses across the three exchanges on Tuesday. Chicago SRW futures are down 5 to 7 cents on the day. KC HRW contracts re 6 to 7 cents lower. MPLS spring wheat is falling another 7 to 9 cents. A private export sale...

Soybeans are getting a midday bounce, with contracts off the lows but still down 5 to 9 cents. CmdtyView’s national front month Cash Bean price was down 5 1/2 cents at $9.29 ¼. Soymeal futures are down $3.80/ton on the day. Soy Oil contracts are up 66 points on the...

Beans Drop Amid Harvest Pressure Better Weather in S.A.

A lack of bullishness has led to a buyers strike and a technical breakdown in the grain markets. How much more downside is there?

Soybeans are trading with Tuesday AM losses of 9 to 10 cents. They posted 9 to 10 cent losses across most contracts on Monday. CmdtyView’s national front month Cash Bean price is down 8 1/2 cents at $9.35 ½. Soymeal futures were steady to $1.50/ton higher on the day. Soy...

Corn prices are down 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts falling 7 to 9 cents across most contracts on Monday. Sharp pressure from the outside factors weighed on the market, with crude oil down $3.70/barrel and the US dollar index...

Wheat futures are showing some slight weakness so far on Tuesday morning. The complex posted double digit losses across the three exchanges on Monday. Chicago SRW futures were down 13 to 15 cents on the day. KC HRW contracts were 14 to 16 cents lower at the Monday close. MPLS...

Corn prices are correcting the uptrend from the $3.85 level after reaching $4.34 for the December futures contract. The recent United States Department of Agriculture (USDA) crop production and World Agricultural Supply Demand Estimate (WASDE) report weigh heavily on the market. Producers have been waiting for a price rally to sell much of their on-farm corn from last year. With this year's harvest nearly 50% completed and carryover estimated to be 1.81 million bushels, storage has become a problem, resulting in corn being brought to market.

The wheat complex posted double digit losses across the three exchanges on Monday. Chicago SRW futures were down 13 to 15 cents on the day. KC HRW contracts were 14 to 16 cents lower at the Monday close. MPLS spring wheat fell another 15 to 18 cents. The weekly Export...