Agri Blog

Agriculture Market Trends- Corn planting 95%, emergence 85%, excellent ratings down 1% to 74%- Bean planting 87%, emergence 70%, initial ratings 72% good/excellent- Winter wheat condition fell 2% to 47%, spring wheat down to 72% USDA Reports and Fed Meeting Outlook-...

Corn: Inspections at 53 mil. bu., in line with expectations Above the 39 mil. bu. needed weekly to reach USDA export forecast of 2.150 bil. bu. Last week's inspections revised up by nearly 2 mil. bu. YTD inspections at 1.540 bil. bu., up 26% from YA (USDA forecast: up...

Employment Numbers:- Non-farm payroll increase was 614,000 but a portion was due to multiple jobholders. Inflation Outlook:- CPI report forecast at 0.1% increase on Wednesday- PPI report also forecast at 0.1% increase on Wednesday Fed Rate Cut Probabilities:-...

Employment Report Nonfarm payrolls up 272,000 (estimate 182,000) Unemployment at 4% (estimate 3.9%) Grain Markets Corn down 4-5 cents Soybeans down 12-18 cents Chinese soybean imports in May: 10.2 million metric tons, down 15% year-over-year Livestock Markets Cattle...

- Wheat, corn, and soybean futures are down overnight and for the week - Year-to-date, most crop futures are down except HRW wheat - Chinese and Malaysian palm oil futures are up - No major changes in futures open interest or registrations - Weather outlook:  ...

- Weather outlook is cooler and drier short term but hot dry conditions possible in 6-10 days- USDA corn balance sheet likely unchanged at 2 billion bushels old crop, 2.1 billion new crop- Russian wheat production forecast lowered by another 1.4 million metric tons to...