USDA Crop Report 8/12/22 Stocks data for corn considered neutral where as soybeans were negative, wheat ending stocks were priced positive. Corn production estimate slightly friendly but soybean yield production was slightly bearish to estimates.
Grains are mixed into today’s NASS data. Grain futures are mixed ahead of today’s NASS yield data at 11:00 a.m., where row crops will be survey-based, while the spring wheat crop will be from collecting actual yield data from enumerators. Also, the NASS will update the resurvey results of the Northern Plains crops that were…
Grains continue to firm into Friday’s NASS data. Grain futures again overnight were mixed to weaker but firmed in the morning hours as the US dollar weakened below 105.00, and weather models started to diminish some of the rain expected for early next week in the W Midwest. Also, positioning heading into Friday’s NASS crop…
Grains are higher on a weak dollar and dry forecast. Grain futures were mixed most of the evening session but by the 5 AM release of the GFS showed a perpetually hot and dry forecast for the western half of the US corn belt for the next 10 days creating a price advance. At 7:30…
Grains are sharply higher on ratings surprise. Grain futures gapped higher overnight on the decline in the corn ratings of 3% from the GD/EX category, with a sizable 16% of US corn crop rated poor/VP. This poor corn is located in the productive areas of Nebraska and Iowa. With 45% of the US corn crop…
Grains are softer to start the week. Grain and soybean futures are lower to start the week, as some areas of the NW Midwest at pickup favorable rains along with Russia’s wheat crop being raised substantially by IKAR, a private Russian analyst, to 95 MMTs. They have the crop in a range of 92-97 MMTs…
Grains are soft ahead of a weather uncertain weekend. Grain futures had a firm opening last night, with corn and beans exceeding Thursday’s high before weakening in the night session as it was announced that three ships have finally left today after Monday’s departure of grain from Ukraine, with more corn on board. There were…