Agri Blog

Grains:- Cotton export sales:- 207,500 bales for current marketing year- 8,400 bales for 2024-2025- Cumulative sales: 4.648 million bales, down from 5.312 million bales last year and below 5-year average of 6.91 million bales- Sales at 33% of USDA forecasts vs 5-year...

Grains:- Corn carryout for 2024/25 estimated close to 2.3 billion bushels- Soybean carryout for 2024/25 estimated around 530 million bushels, compared to USDA's 560 million- Wheat carryout for 2024/25 estimated around 800 million bushels, compared to USDA's 828...

Grains:- Soybeans lost approx 80 cents over 6 consecutive trading days- Speculative traders are said to have sold 10,000 corn, 11,500 soybeans, 5,000 soy products, and 3,000 wheat- Speculative short position in soybeans expected to be over 200,000 contracts- Soybean...

Grains:- Corn production expected to be 15.124 billion bushels, up from the June estimates of 15.10bbu- Change this line to read: – Soybean production is expected to be 4.472 billion bushels, up from the June estimates of 4.435bbu- Soybean yield forecast at 53.9...

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...

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- Choice beef prices...

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...

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...

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...

Corn: Prices up $0.02-$0.03 Sept-24 peaked at $4, support at $3.90 Dec-24 trading between 4.08 1/4 and 413 1/4 Ethanol production increased to 1,106 thousand barrels per day (tbd), up 3.4% year-over-year 110.8 million bushels of corn used for ethanol, or 15.8 million...