Price Limit Resets were recently approved by the Commodity Futures Trading Commission (CFTC). Mark Oppold notes this starts May 1st.
Tracking the Grain Trade
As we are about to wrap up the month of April, many traders are tracking the grain trade. Mark Oppold notes they are watching the weekly planting updates closely.
Hoping for Better Market Performance This Week
Last week was pretty disappointing for many financial and commodity markets. Due to that, Mark Oppold notes traders are hoping for a better market performance this week.
Not Much Change Expected in Corn and Soybean Futures
Corn and soybean futures haven’t seen much support lately, and according to Mark Oppold, a report this week is not expected to help much at all.
Beef and Pork Exports Bring Nice Returns to Corn and Soybean Producers
New information released by the U.S. Meat Export Federation (USMEF) shows beef and pork exports last year at $18.1 billion had a significant impact on the corn and soybean industries. The numbers, from an independent study conducted by The Juday Group, notes U.S. pork and beef exports contributed an estimated total economic impact of 14.6% per bushel to the value of corn …
Crop Progress Reports Start
Crop progress reports from the USDA have started for the new crop year, something Mark Oppold notes many traders will follow closely.
U.S. Farmers Intend to Plant Less Corn, More Soybeans
A new report released by the USDA National Agricultural Statistics Service (NASS), shows producers surveyed across the U.S. intend to plant 90.0 million acres of corn in 2024, down 5% from last year. But, according to the new Prospective Plantings Report, they intend to plant 86.5 million acres of soybeans this year, which is up 3% from last year. The report …
Farmers Planting Less Corn, More Soybeans in 2024
American farmers might plant less corn this year than last year, but it will still likely be larger than what USDA previously anticipated. That’s according to data from the March 2024 Farm Futures grower survey. Total corn and soybean acreage will likely vary minimally from last year. Growers expect to plant 92.4 million acres of corn this year, down 2.3 …
Grain Traders Waiting on New Report
Grain traders have been keeping an eye on various issues, and according to Mark Oppold, that includes a report coming out Thursday.
Studying Soil Moisture Maps
Grain traders have been busy studying a soil moisture map and what it could mean for the 2024 crop year. Mark Oppold has more on that, and information about National Ag Day coming up Tuesday.