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Planting progress continues to be a major focus for the market. “Yesterday afternoon’s Crop Progress report saw that 25% of the corn crop has been planted, which compares to 11% last week and 22% a year ago,” Total Farm Marketing said. “The 5-year average is 19% for this time. 7% of the crop is emerged, which is also ahead of schedule.”
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Traders are watching news of soybean purchases and winter corn harvest beginning in Brazil. “Soybean futures are trading higher on rumors of p…
“S&P Global raised its U.S. corn acreage estimate to 96 million acres, up from its March estimate of 95.2 million acres and above USDA’s M…
Chad Pater at CHS Hedging said, “NOAA has confirmed that the global climate has shifted into an El Niño pattern, a phenomenon that typically b…
ADM Investor Services market analyst Mark Soderberg reported today’s WASDE report from the USDA to be neutral to bearish for corn, neutral to …
“The National Oilseed Processors Association (NOPA) reported its members crushed 208.785 million bushels of soybeans in May,” Total Farm Marke…
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