We’ve talked before how the weekly crop reports are something grain traders look at closely. And as Mark Oppold reports, this is especially true right now as all eyes are on weather conditions.
Cotton Planted Acreage 19 Percent Below 2022
The U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) estimated11.1 million acres of cotton planted in the United States for 2023, down 19% from 2022, according to the Acreage report (.pdf) released today. Soybean area planted is estimated at 83.5 million acres, down 5% from last year and corn is estimated at 94.1 million acres, up 6% from …
Watching the Grain Market Sell-Off
Traders continue to watch what is happening with the grain trade. As Mark Oppold reports, some wonder just how low is too low.
Grain Market Resembles a Year Ago
While dry conditions continue in many areas of the Midwest, Mark Oppold reports the grain trade resembles a year ago.
Cotton Futures Not Following Grain Trade
Markets re-open today after a long holiday weekend. But Mark Oppold reports some will be watching cotton futures, as last week they didn’t follow the grain trade.
Grain Traders Ignoring Export Numbers
When it comes to the grain trade right now, traders seem to me ignoring the latest export numbers. Mark Oppold has the story.
Traders Watching Crop Progress
As a good majority of crops being grown have been planted, many traders are now focusing on the weekly crop progress reports. Mark Oppold explains why.
Enjoying a Higher Trade
Traders have been enjoying a higher trade in many areas for the start of June. Mark Oppold has more on that, and he looks at what gas prices are expected to do yet this summer.
Tracking Crop Progress
While planting of certain crops continue, Mark Oppold reports many grain traders are now tracking crop progress instead of planting progress.
Interesting Developments in Grains
There are interesting developments in the grain trades. Mark Oppold has more.