The markets have been a but quieter this week, mostly due to the fact they will be closed Thursday for the 4th of July holiday. So, Mark Oppold takes time to look back at how some of the agricultural commodities have performed the first half of this year.
Corn Acreage Down, Soybean and Cotton Acres Up
According to new estimates from the USDA National Agricultural Statistics Service (NASS), farmers this year planted 91.5 million acres of corn in the U.S., down 3% from last year. Soybean area planted is estimated at 86.1 million acres, up 3% from last year, while all cotton planted is estimated at 11.7 million acres, 14% above 2023. Following up on the Prospective Plantings report released in March, NASS …
Hoping for a Rebound in the Grain Trade
The recent sell-off in the grain trade has many hoping a rebound is in the works. Mark Oppold looks at what analysts are hoping will take place.
Trend Continues Lower in the Grain Trade
The trend in the grain trade continues to be lower this week. Mark Oppold has more details.
Weather Pushing Grain Trade to New Lows
Weather conditions over a good portion of the major growing areas is helping to push the grain trade to new lows. Mark Oppold has more details.
Weather Still a Market Factor
Weather conditions across the world is still having a mark on the agricultural markets. Mark Oppold has more details.
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.
Price Limit Resets Approved
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.