9-11

Remembering 9-11

We join others never forgetting those lost 25 years ago this day, coordinated terrorist attacks in New York, Washington DC, and those who thwarted an additional attack crashing in a field in rural Pennsylvania. We pause and we remember. This is the Bottom-Line Report. A monthly supply demand and production estimate seems less urgent today, yet the grain trade awaits …

corn

Projected Corn Yields

StoneX released updated production estimates ahead of USDA numbers that come tomorrow morning, and they still see a national corn yield just short of 183 bushels an acre, three bushels above USDA’s August number, 10 bushels above the pro-farmer number. StoneX places the corn yield nationally 182.9, and a crop over 16.2 billion bushels. Their soybean estimates more in line …

peanut farmers

Peanut Farmers Report Crop Numbers

U.S. peanut farmers have reported their acreage now on all the major crops, and USDA published a report this week. They’re showing that overall, the corn production or grain is forecast at 16 billion bushels. That’s down six percent from 25 and should be the second highest production on record. If realized, based on the conditions right now, the average …

August crop report

August Crop Reports Released

The August crop report released at noon today. Most attention on the corn trade. Corn has struggled since reaching highs in mid-July over the 490 level with extended hot, dry weather. Weather since then has been favorable and private estimates that are released keep the national average yield at or near USDA’s 183. In fact, StoneX just last week surprised …

crop report

August Crop Reports So Far

The August crop report next Wednesday. Some private forecasters slowly taking the top of national corn yield. Looking at the August report, an important one for the corn trade especially as the crop has pollinated for the most part and is filling ears now. USDA during the month of July has collected farmer surveys and also using satellite imagery to …

rain

Rain Helps Peanut Crop

U.S. peanut crop now is perking along good with some good rains helping the farmers. They rated the crop this week one percent very poor, six percent poor, 33 fair, 53 good, and seven excellent. That’s nationwide. In Georgia there, 88 percent of their crop is pegging. The five-year average is 86. Soil moisture has been returning to good, 39 …

December corn

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 …

corn

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 …

drought

Improved Drought Conditions Increase Pasture and Rangeland Health

Droughts have affected several parts of the country, causing decreases in pasture and rangeland conditions. USDA meteorologist Brad Rippey discusses updates on pasture conditions. “We did see a one-point increase in the very poor-to-poor ratings for pastures nationally,” said Rippey. “Now 36 percent, up from 35 percent a week ago. The good-to-excellent rating dropped a point from 34 percent last …

weather

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 …