commodity

Commodity Review

With nine months of trade now in the books, we review our list of 48 commodities and how their performance rates since New Year’s. Conflicts in Iraq and Ukraine, of course, have had energy way out in front all year long. As of today, heating oil, gasoline, and crude oil remain numbers one, two, and three on the list. Heating …

peanut market

Peanut Market Updates

Checking on the market for peanuts. The international market right now is faced with a dwindling supply from all origins with the only help coming possibly from the U.S. and a few from China. Nonetheless, China continues to face struggle with its exchange rate and its high freight rates. The U.S. should be able to help some with that, at …

Planning

Planning Started for Next Years Crop

This is the time of the year producers begin to finalize plans for next growing season, even though the crop is not even in the bin yet, but begin to make plans and place seed orders for 2027. Changes continue in the seed business, keeping track of who owns what brands can be a full-time job. In 2019, for example, …

grain stocks

Grain Stocks Report

The end of the month and the end of the quarter could make for an interesting end to the week. Hard to believe we begin the fourth quarter tomorrow. We end the third quarter today with the quarterly grain stocks report. We expect few surprises, but it is always interesting to see how much grain is still on farm storage …

peanut crop

Peanut Crop Updates

USDA’s Ag Statistics Service reports the peanut crop as being about seven percent excellent, 51 good, 32 fair, and eight poor. The whole harvest is only 12 percent harvested so far. Their five-year average is only 13. In Georgia, the biggest news is that they’re getting pretty dry. According to Scott Munford, the peanut specialist, he says that the leaf …

peanut market

Peanut Market Reports

Checking on the peanut market and the marketing factors right now. The USDA has given us an estimate on what the acreage would be this coming year. Farmers have reported the amount of acres they did planted in the ground and they’re saying now we’re going to have 1,360,000 acres and that is down 28% from last year. Average yield …

Peanut Digging

Peanut Digging and Processing Begins

Well, the peanut world is busy right now bringing in the crop. Peanuts are being dug every day. Then they’re carried to the local buying point to determine the moisture and then pay the farmer. The early peanut harvest contracts were offered earlier, but they were not high enough and farmers cut back on acres. The acreage cut back was …

grain stocks

Corn and Soybean Futures

This year’s corn and soybean crop not even in the bin yet, but bottom-line grain analysts are keeping an eye on 2027 December corn 2027 November soybean futures. A Rising tide lifts all ships. It said networks in the grain trade as well. Next December 2027 corn futures have risen from early summer lows to a 52-week high recently over …

cotton

Closer Look at the Cotton Report

Hard times continue in the cotton market. It dropped from 93 cents to 78 cents a pound and they are saying now that the Texas crop is now rated 49% poor or very poor, Oklahoma 55% poor. Elsewhere there’s only just a few exceptions. The crop is at least 50% good to excellent. Beltwide the crop is 36% good to …

cotton

Cotton Market Updates

Let’s look at the cotton for this week. It looks like the cotton market which jumped up to 93 cents a pound has stopped. It’s lost 10 cents a pound in the last week. The 2026 crop for cotton was cut 410,000 bales from the August estimate according to USDA. Both acres as harvested and yield were reduced. The U.S. …