Focus in the grain trade now turning to tomorrow’s Monthly Crop Report and weather. Few major changes are expected in the monthly report for the U. S. numbers. Mark Oppold has the report.
Watching for Crop Condition Reports
The crop progress reports from USDA are starting to switch over to crop condition reports. This is something Mark Oppold notes many traders will be looking forward to seeing each week.
World Pork Expo Underway
The 2024 World Pork Expo kicks off today in Des Moines, Iowa. Mark Oppold has more details on the event and what hog futures are currently doing.
Taking Weather Premiums Out of Corn and Soybeans
Weather premiums have become a factor with both the corn and soybean trade. Mark Oppold has more details.
Not a Complete Story from Weekly Progress Reports
Many traders look forward to seeing the weekly crop reports. But as Mark Oppold reports, those as of late are not really telling the whole story.
Waiting to See How the Grain Trade Will Fare This Week
The grain trade has been going through up and downs as of late. Mark Oppold notes it will be interesting to see just how this week will fare.
Recent Rains Expected to be Beneficial
Some have wondered if recent heavier rain amounts might hurt some of the row crops. But according to a story from Mark Oppold, there are hopes they will actually be beneficial.
Soybean Seed Costs Have Risen Sharply Since 1997
According to a new report from the Economic Research Service (ERS), the cost of soybean seeds per acre has risen more than 260 percent since 1997, while total soybean production costs have risen 157 percent. “In 1997, U.S. farmers spent an average of $19.72 per acre on soybean seeds,” the ERS report says. “That expense rose by more than 260 …
Hoping May Performs Better in the Stock Market
Many traders are hoping we’ll see a better performance in the stock markets here in May. Mark Oppold has more details.
Price Limit Resets Approved
Price Limit Resets were recently approved by the Commodity Futures Trading Commission (CFTC). Mark Oppold notes this starts May 1st.