stonex

StoneX Report Shines Light on Prices Under Pressure

StoneX Commodities released an 80-page report recently providing insights in how they see markets performing in the third quarter. StoneX third quarter outlook shows corn and soybean prices remaining under pressure, especially later in the quarter with ample supplies heading into harvest. Wheat, they say, can be firm to a bit higher amid tight supplies here and also in Europe. …

weather

Monthly Crop Report Affected by Weather

Tomorrow’s monthly crop report could be pushed aside by changing weather forecasts. The July report historically can be a non-factor, always squeezed between the quarterly stocks and final acreage numbers that come at the end of June, and the August report that for the first time is based on actual field surveys and not computer models. That report, by the …

weather

Weather Forecast Up for Debate

Weather forecasts front and center in the grain trade here at midweek, but U.S. and European weather models disagree going forward. Bottomline grain analysts suggest that commodity fund traders have been looking for any reason to go long in this market, and weather was the reason this week. Now, there’s a catch. European weather models show a hot, dry August …

corn

Corn and Soybean Estimates

Average trade estimates show grain analysts expect a lower corn acreage number from USDA today and a slightly higher soybean number. In March, USDA put corn at 95.3 million acres. We expect a number at or just below 95 million today. Planters rolled nearly nonstop, especially in this area, resulting in a few more soybean acres nationwide. We think 85 …

soybean

Soybean Farmer Highlights the Importance of the United States-Mexico-Canada Agreement

Jamie Beyer, American Soybean Association Executive Committee member and Minnesota Soybean farmer recently testified at the U.S. House Agriculture Committee during a hearing on “Agricultural Perspectives on the Future of the USMCA.” their testimony emphasized the importance of the United States-Mexico-Canada Agreement to U.S soybean farmers. During her testimony Beyer said, “USMCA has provided stability and predictability for U.S. soybean …

soybeans

The History of Soybeans in America: From Ship Ballast to Agricultural Powerhouse

The Remarkable Journey of Soybeans in American Agriculture Soybeans are now one of the most important crops in American agriculture, covering millions of acres across the United States and serving as a vital source of food, livestock feed, oil, and industrial products. However, the soybean’s rise to prominence was a gradual process that began with a surprising arrival on American …

grain

Grain Trade Seeing Lower Lows At Harvest

Bottom Line grain analysts wonder if the grain trade is getting a little ahead of itself here in early June. Corn, soybean, wheat futures all seeing lower lows on a regular basis. Wheat in fact is lower 10 sessions in a row, even with conditions here at harvest the lowest in 37 years. Harvest pressure is here, combines rolling in …

soybean

Stand Count Suggested For Thin Soybean Stands Prior To Replant

University Extension agronomists advise soybean producers looking at thin soybean stands not to be in a rush to replant. An Ohio State University survey says thin stands, especially in no-till or minimum-till fields, might look tempting to replant, especially with the first of June approaching, but they suggest doing a stand count first, and if you’re in that 70,000 to …

corn

Crop Planting Progress Report for Corn and Soybeans Released by USDA

As growers continue to plant this year’s crops, USDA has released the Crop Planting Progress Report across the country. USDA Meteorologist Brad Rippey provided the update starting with corn. “Looking at our 18 production states listed in the USDA NAS table, we saw progress greater than 20% planted during the week in six of those states, led by North Dakota, a …

fertilizer

American Soybean Association Responds to Fertilizer Companies Scale Back

The American Soybean Association is responding to the announcement by The Mosaic Company’s plan to scale back domestic phosphate production. American Soybean Association (ASA) President Scott Metzger said, “This unsettling news from Mosaic comes at a time when U.S. soybean farmers are facing major economic headwinds, and neither the skyrocketing cost nor the availability of inputs – like phosphate fertilizer …