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USDA Crop Report 7/12/23 Crop report bearish across the board.

WASDE crop report out today at 11:00 a.m. Grain prices are higher this morning, led by the soybeans again ahead of the July WASDE crop report out at 11:00 a.m. this morning. NASS will update winter wheat and other small grain crop estimates along with US and world Supply/demand forecasts, which will include the updated…

Soybeans lead overnight strength again. Grain prices moved higher overnight, led by the soybean market as the crop condition scores were friendly for soybeans. Crop conditions showed corn up +4% (1-3% expected) to 55% G/E and beans up +1% to 51% G/E. Spring wheat was cut another point to 47% G/E. Winter wheat conditions were…

Soybeans lead overnight strength. Grain futures turned higher overnight after a rough start, with soybeans leaving sharp gains as the market starts to look towards Wednesday’s WASDE crop report that will have the reduced 4 million acres calculated and what the USDA may use for yields. December corn is back to challenging five died 00…

Grains trade lower on a better 6-10 day forecast. Wheat futures continued their drift lower overnight, with corn and soybeans tumbling in the morning hours as the overnight trends for the 6-10 day forecast offered a cooler than normal weather and additional rainfall chances. Wetter areas include southern IA and southern NE. Further north in…

Grains trade mixed overnight. Mixed grain trade for this morning, as export sales data typically released at 7:30 a.m. on Thursdays, is delayed until Friday because of the Independence Day holiday. The grain trade is trying to gauge how much improvement there will be to the US corn, soybean and spring wheat crop conditions next…

Grains are indicated higher to restart trading. Opening indications for the restart of the grain trade after July 4 is soybeans and corn 2-4 higher, while wheat is called 3-6 higher. Disappointing crop condition ratings Monday afternoon for soybeans/corn/spring wheat and a dry weather forecast for portions of the N Plains and the northern half…

Soybeans moved sharply higher to start the week. The grain trade finds soybeans sharply higher this morning, supporting the other grains, as world markets react to the USDA’s shocking drop of 4 million soybean acres from the March 31 data. The total US cropped area of 314.5 Mil acres would be the largest in eight…

USDA Crop Report 6/30/23 Crop report extremely bullish for soybeans on stocks and acreage, bearish for corn on acreage

The June Stocks and Seeding report out at 11:00 a.m. today. Short covering kicked in overnight, with soybeans posting the biggest gains. Concern over damaging Derecho winds whipping through N Missouri, S Iowa, and C Illinois on Thursday afternoon had reports and social media pictures of widespread downed corn (which typically at this stage will…