Tag Archives: corn

What are the current factors that the market is watching currently?
Corn and soybean yields & Harvest weather. South American Weather, Chinese Trade Talks. What impact will the snow and freezing temps have on the corn and soybean yields? Do you think the extent of the damage from the freezing temps and snow are fully factored into the markets? How does the harvest weather look to you and what impact do you think that will have on harvest basis levels?

Day after WASDE.  Highlights of corn & beans.  Some of the key points to keep in mind going forward.  Until we have a trade agreement, we don’t have a trade agreement.  Tough growing season & slow harvest.  We got the early frost.  Friendly S&D report.  Will we see a basis change with the continued harvest delays?  7-10 days in the Dakota’s.

Markets are higher today, weather concerns building?  Late planting of crops how the markets are factoring that in.   Busy week in store with Japan agreement, USDA report on Thursday & next round of China talks.  Higher boxed beef, hog trade works to turn around.

Higher corn & lower beans & wheat.  Frost concerns coupled with snow at weeks end.  South America’s planting underway.  Disappointing yields.  S&D report due out on Thursday, China will be here for two days of talks…is recent purchases “Good-will” gestures.  AFS & China.  Cattle see late week sales on Saturday.

Corn dented was 93%, corn mature was 58% and corn harvested was 15% as of Sunday, Oct. 6. Soybeans dropping leaves was 72%, and soybeans harvested was 14%, according to this week’s USDA NASS Crop Progress report.

Corn condition was rated 56% in good-to-excellent condition, down 1 percentage point from the previous week, while soybean condition was rated 53% good to excellent, down 2 percentage points from the previous week.

To view weekly crop progress reports issued by National Ag Statistics Service offices in individual states, visit http://www.nass.usda.gov/….

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Dented 93 88 100 99
Corn Mature 58 43 92 85
Corn Harvested 15 11 33 27
Soybeans Dropping Leaves 72 55 90 87
Soybeans Harvested 14 7 31 34
Spring Wheat Harvested 91 90 100 99
Winter Wheat Planted 52 39 55 53
Winter Wheat Emerged 26 11 28 26
Cotton Bolls Opening 83 77 76 75
Cotton Harvested 25 16 24 20
Sorghum Mature 65 54 71 73
Sorghum Harvested 33 30 38 40
Rice Harvested 76 68 78 80

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Corn 4 11 29 45 11 4 10 29 46 11 4 8 20 47 21
Soybeans 4 11 32 45 8 3 10 32 46 9 3 7 22 49 19
Cotton 4 15 42 32 7 3 17 40 34 6 6 19 33 32 10
Sorghum 2 5 28 51 14 2 6 27 50 15 5 11 29 44 11

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 11 16 53 20 11 20 55 14 6 13 63 18
Subsoil Moisture 10 18 57 15 10 20 59 11 8 17 63 12

The Friday, October 4th Fontanelle Final Bell

Corn & beans finished up on the week. So much going on next week the stage is getting set. From China & conflicting weather models & USDA reports. Seasonal average for corn? Can’t Market on Hope. Great move going in livestock-potential for some positive margins.

LINCOLN, Neb. – This morning, the White House released its intention to uphold the integrity of the Renewable Fuel Standard (RFS) by reallocating waived gallons of ethanol. The Nebraska Corn Board and the Nebraska Corn Growers Association thank President Trump and his administration for following through in their commitment to our nation’s corn farmers and our ethanol industry. Nebraska Corn also thanks the USDA, our state’s congressional delegation, Gov. Pete Ricketts and Nebraska’s corn farmers who took a unified stand in demanding the law is upheld and the goals of the RFS are reached.

“We’ve been waiting for a reallocation of waived gallons for a long time,” said Dan Nerud, president of the Nebraska Corn Growers Association and farmer from Dorchester. “To say we were upset with the refinery waivers is an understatement, so today’s announcement is welcome news. We’re very happy with today’s announcement.”

“I’m extremely excited with today’s announcement,” said David Bruntz, chairman of the Nebraska Corn Board and farmer from Friend. “Today’s news just goes to show what our growers can achieve when our voices are unified. Thanks to all of Nebraska and our nation’s corn farmers who rallied together to ensure we have vibrant corn and ethanol industries for years to come.”

Nebraska Corn looks forward to working with the administration to ensure the RFS is fully realized and the clean-burning, renewable ethanol industry continues to thrive.

Corn dented was 88%, corn mature was 43% and corn harvested was 11% as of Sunday, Sept. 29. Soybeans dropping leaves was 55%, and soybeans harvested was 7%, according to this week’s USDA NASS Crop Progress report.

Corn condition was rated 57% in good-to-excellent condition, unchanged from the previous week, while soybean condition was rated 55% good to excellent, up 1 percentage point from the previous week.

To view weekly crop progress reports issued by National Ag Statistics Service offices in individual states, visit http://www.nass.usda.gov/….

Clay Patton has the full audio report here:

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Dented 88 79 100 98
Corn Mature 43 29 84 73
Corn Harvested 11 7 25 19
Soybeans Dropping Leaves 55 34 81 76
Soybeans Harvested 7 NA 22 20
Spring Wheat Harvested 90 87 100 99
Winter Wheat Planted 39 22 41 38
Winter Wheat Emerged 11 NA 12 13
Cotton Bolls Opening 77 64 66 67
Cotton Harvested 16 11 19 14
Sorghum Coloring 95 90 97 95
Sorghum Mature 54 42 60 63
Sorghum Harvested 30 26 33 35
Barley Harvested 96 92 100 100
Rice Harvested 68 58 69 71

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Corn 4 10 29 46 11 3 10 30 46 11 4 8 19 47 22
Soybeans 3 10 32 46 9 3 10 33 45 9 3 7 22 49 19
Cotton 3 17 40 34 6 3 16 42 32 7 6 19 33 32 10
Sorghum 2 6 27 50 15 2 6 27 51 14 6 11 29 44 10

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 11 20 55 14 11 22 55 12 7 16 64 13
Subsoil Moisture 10 20 59 11 9 23 58 10 9 19 62 10