Morning Comments

Morning Comments
11/17/2020

Dec corn +2 ¾ at 4.19 Jan beans +17 ¾ at 11.7125 The DOW is UP USD is Down Crude oil -.55 40.79   Good morning, Overnight grain markets featured upside gaps in corn and beans that remain in place this morning with wheat lagging in a mixed trade. After a brief cup of coffee […]

Morning Comments
11/16/2020

Good Morning      Current Markets as of         8:00     Monday, November 16, 2020   Month                        High                                 Low                               Change                  […]

Morning Comments
11/12/2020

Dec corn -3 ¼ at 4.14 Jan beans -4 ¼ at 11.4825 The DOW is Down USD is Down Crude oil +.33 at 41.78   Good morning, Overnight grain markets traded lower as we work to correct overbought technicals and CIF corn and bean weakness reflect a slowdown in export demand at these elevated price […]

Morning Comments
11/10/2020

Dec corn +4 at 4.115 Jan beans +6 ¾ at 11.1725 The DOW is UP USD is UP Crude oil +.46 at 40.75   Good morning, Overnight grain markets traded higher, led by beans and corn ahead of an anticipated friendly crop report. The USDA crop report is at 11 cst. The avg. trade estimates […]

Morning Comments
11/9/2020

Dec corn – ½ at 4.0625 Jan beans +8 at 11.095 The DOW is UP USD is  UP Crude oil +3.50 at 40.64   Good morning, Overnight grain markets woke up to great news on the Pfizer/BioNTec vaccine large scale trial that produced better than 90% immunity response, no serious safety concerns and they will […]

Prevalence of Corn and Soybeans across the Midwest
11/9/2020

Relative acres of corn and soybeans vary across Illinois. Northern Illinois has more corn than soybeans acres and southern Illinois has more soybean than corn acres (see farmdoc daily, October 13, 2020). We provide more information on corn relative to soybean acres across the Midwest in this article. As acreages shift across the nation, this will serve […]

German Pork “Effectively Trapped in Europe” Due to African Swine Fever, as China Rebuilds Herds
11/9/2020

Late last week, Bloomberg News reported that, “China is flying in record numbers of pigs to improve genetics and boost productivity while rapidly rebuilding the nation’s hog population after it was decimated by African swine fever. “Some 15,346 live swine worth $32 million arrived by air in the first nine months of the year, customs data show. That’s an all-time high, according to Genesus Inc., an […]

Rising Feed Prices Affect Backgrounding Decisions
11/9/2020

As feed prices rise, calf prices tend to trend lower, according to Karl Hoppe, the North Dakota State University Extension livestock systems specialist based at NDSU’s Carrington Research Extension Center. Feed prices have risen since last summer. For example, corn prices have increased $1 per bushel in some North Dakota markets. Backgrounding cattle is a […]

Ag Economy Barometer Rises to Record High On Improving Financial Conditions
11/9/2020

Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. Both of the barometer’s sub-indices also set new record highs in October. […]

As Importer’s Need for Corn and Soybeans Seen Rising, Few Countries Currently Competing with U.S. for Export Demand
11/9/2020

Bloomberg News reported last week that, “China’s corn imports could more than double to 17 million tons in 2020-2021 from a year earlier on prospects for a smaller domestic harvest and a recovery in demand for hog feed, according to the head of the logistics information department at COFCO Trading Co. “The increase in imports would also be to meet commitments under the U.S. trade deal, […]

Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×