Estimates for upcoming WASDE 8/7/2024

USDA WASDE AUG 12 2024USDA JUL ESTAVG of ESTRange of ESTUSDA JUN ESTCorn Production15.12414.920-15.30015.100Yield182.200180.1-184.0181.000Harvested AreaN/AN/A83.400U.S. Ending Stocks 23/241.8761.825-1.9541.877U.S. Ending Stocks 24/252.1191.897-2.3002.097World Ending...

AM Ag Update: July 29th, 2024

Grains:- Brazil’s soybean harvest 7% ahead of last year’s pace- Vietnam’s July coffee exports down 35% year-over-year- Cotton global surplus reduced from 1.05 million tonnes to 760,000 tonnes Cattle:- Cattle slaughter down 833,153 head year-to-date-...

Ag Update: July 26/2024

Grains: North Dakota spring wheat yields pegged at 54.5 bushels per acre, the highest yields recorded on the tour since 1992 USDA July forecast for North Dakota wheat yields at 56 bushels per acre, a record September corn struggled to trade at or above the $4.10 level...

Ag Update, July 25

Grains: Corn trading between 390 and 410 cents per bushel Soybeans trading between 1030 and 1085 cents per bushel Wheat near-term resistance at $6 per bushel, contract low at 575 cents per bushel Cattle: Steer carcass weights up 31.9 pounds from a year ago Beef...

Ag Markets July 23 2024

Cattle/Livestock:- Cattle slaughter last week was down 3,000 head from the previous week and 7,000 head from the same period a year ago- Choice beef dropped $0.39 and Select beef dropped $0.47, with the Choice-Select spread at $15.11- Cash cattle prices averaged...