Good Morning, NASS reported crop conditions for corn at 57% Gd/Ex and 55% Gd/Ex for soybeans. Rating were up 1% from last week. 27% of the corn crop is in the dent stage vs 46% of the 5 year average and 71% is in the dough stage, vs 87% on average. 79% of the beans...
Good Morning, Commodities were showing some life this morning after President Trumps early morning tweet calling Chinese President Xi a “great leader representing a great country and that talks are continuing”. This is a complete 180 from Friday’s comments where he...
Good Morning, Markets are on the slide again this morning after China revealed its counter measures to the US tariffs expected to be implemented on September 1. Reports are that China will put 5% to 10% import tariffs on $75 billion in US goods coming into the...
Good Morning, Corn is struggling to find its direction on the CBOT as traders continue to watch the Pro Farmer tour reports and news regarding the Biofuels industry. Lower projected yields continue to come from the tour which is not in line with the USDA’s numbers...
Good Morning, Weakness in the markets yesterday as rains passed through Iowa, Illinois and Indiana with total rainfall much better than the models had predicted. The markets have opened lower this morning with corn down 1 and wheat down 3. Prices are usually at their...
Good Morning, A drop in crop condition ratings and early results from the ProFarmer Crop Tour had the markets higher overnight, but have since lost that strength. The corn market is currently down 4 with soybeans unchanged. The tour reported 154 bpa for both S. Dakota...
