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 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 …
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 …
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 …
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 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. …
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 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 …
Weather Affecting Industries
World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …
Date Projections for Corn Reaching 50% Pollination
Our partners at Commodity Weather Group released a report recently that projects dates at which the corn crop will reach 50% pollination. Commodity Weather Group’s report is based on planting dates, accumulated growing degree days, also factoring in current 15- and 30-day weather forecasts. The report shows the bulk of the nation’s corn crop, basically anywhere north of Interstate 80, …










