Morning Ag Update 9/30/2024

Grains:Corn:- Managed money traders reduced their net short position in corn by 47,000 contracts, now short 131,000. Soybeans:- Managed money traders are still short 75,000 soybean contracts.- Managed money traders bought back 32,000 soybean oil contracts, now short...

Ag Morning Update Sep 26 2024

Corn:- Corn production forecast: 1.846 billion bushels (up 34 million from September) Wheat:- Wheat production forecast: 1.959 billion bushels (lowest estimate)- Winter wheat production forecast: 1.360 million bushels- Spring wheat production forecast: 535 million...

Ag Update Sep 18, 2024

Grains:- Brazil’s 2024/25 soybean production is estimated at 166 million metric tons, up 13% from the previous year but below the USDA estimate of 169 million metric tons- Brazil’s 2024/25 soybean exports are estimated at 105 million metric tons,...

Ag Update Sep 17th 2024

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...

Ag Update Sep 16, 2024

Cattle:- Cattle slaughter Week to Date estimate at 620,000hd, down from 631,200 (actual) from the same period last year – Choice boxed beef price at $304.91 per cwt- Select boxed beef price at $294.17 per cwt- Cash cattle prices up $2 to $292.91 per cwt dressed...

Ag Update 9/13/2024

Grains:- Corn yield slightly better than August- Corn supply and demand at 2,057 million bushels- Average corn yield guess was 207 bushels per acre- Soybean yield unchanged- Soybean supply and demand at 515 million bushels- Average soybean yield guess was 565 million...