Grain trade

Updates on Grain Trades

Well, you might say the grain trade is taking yesterday’s production numbers with a grain of salt. Already looking forward to this September report on the 11th. Yesterday’s report was based on farmer surveys. Surveys that were returned anyway, and satellite data. Now, in the coming weeks, private crop scouts and USDA teams will be heading to the fields and …

August crop report

August Crop Reports Released

The August crop report released at noon today. Most attention on the corn trade. Corn has struggled since reaching highs in mid-July over the 490 level with extended hot, dry weather. Weather since then has been favorable and private estimates that are released keep the national average yield at or near USDA’s 183. In fact, StoneX just last week surprised …

Iowa Farms

Mid-1840s Iowa Farms: How Corn Created the Tall Corn State

What Iowa Farms Looked Like in the Mid-1840s American agriculture has undergone remarkable changes over the past two centuries, but the foundations of modern farming can be traced back to the simple family farms that dotted the Midwest during the 1840s. In this edition of the American Agriculture History Minute, Mark Oppold highlights what a typical Iowa farm looked like …

crop report

August Crop Reports So Far

The August crop report next Wednesday. Some private forecasters slowly taking the top of national corn yield. Looking at the August report, an important one for the corn trade especially as the crop has pollinated for the most part and is filling ears now. USDA during the month of July has collected farmer surveys and also using satellite imagery to …

commodity

Commodity Report

Reviewing our list of 48 commodities that we track each day here at the Bottomline Report, grains and livestock switched positions as the month of July came to a close. During the month, the only grain ending in the red, as a matter of fact, was oats, down nearly 4%. Extended hot, dry weather helping soybeans gain 5% for the …

AgroLiquid

AgroLiquid Agronomist Explains Corn Stress in Hot and Dry Weather

A conversation with AgroLiquid’s National Agronomist is helpful to better understand corn stress with a mostly hot and mostly dry July. The calendar rolls to August tomorrow. Many areas of the country, though, have gone through July with minimal or no rain, while at the same time, heat indexes over 110 to 125 degrees. Stephanie Zelenko is the lead agronomist …

heat

Temperatures to Rise Soon

Grain traders have shown reluctance to build additional weather premium into futures at this point, but temperatures returning to 100 degrees or more this weekend and into next week can certainly change that. Bottom line analysts say December corn needs consecutive closing over $4.76 to keep the upward momentum in place. August is soybean month, but another forecaster is holding …

December corn

Keeping an Eye on December Corn

We’ve mentioned several times on this program that history shows December corn can top 7 to 10 days before the 4th or 7 to 10 days after. Analysts wonder if that has happened this year. The run-up in corn and beans early week has faded some here late week so now watching December corn 368, 369, all highs from this …

crop

Forecast to Affect Crop Yields

Corn futures at six-week highs, at mid-week soybeans seven-week highs, and the hot, dry weather is extended. Some private forecasters are already pulling back the top end of yield potential for corn and soybeans, we are told. Bottom Line analysts say that even a one-bushel-per-acre decline in the national soybean yield drops new crop ending stocks by over 70 million …

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. …