Corn:
– Corn crop conditions improved by 1% to 65% good/excellent

Wheat:
– Spring wheat harvest 92% complete
– Winter wheat plantings at 14% above last year and 5-year average

Soybeans:
– Soybean crop conditions at 64% good/excellent, down 1%
– NOPA soybean crush at 158 million bushels, down 13.5% from July and 2% from August 2022

Cattle:
– Cattle slaughter at 121,000 head, up 4% from previous weeks
– Choice beef cutout value at $304.57, down $0.34
– Cash cattle prices at $183 to $184 average, $183.44 on 918 head

Other:
– Cotton crop conditions: 39% of the crop rated good/excellent, down from 40% the previous week, but better than 29% a year ago
– Arkansas cotton crop at 67% good/excellent, down from 77% the previous week
– Mississippi cotton crop at 49% good/excellent, down from 52%
– Texas cotton crop at 47% good/excellent, Georgia at 57%
– Dollar index close to breaking a low from July 2023, which would be the lowest since April 2022
– March sugar traded to the highest level since September 6
– Libyan crude oil exports at 550,000 barrels per day, a significant increase from the previous week
– US Gulf oil production 12% offline as of yesterday
– Natural gas prices reached the highest level since August 22
– Natural gas storage injection expectations at 51-67 BCF, 5-year average is 67 BCF

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. The market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.