Tag Archives: corn

 How did the corn and soybean markets do for the week?  Does the market care if a Trade deal is done with China?

a.       Yes Initially.

b.       Depends on the deal after the initial move.

Do you think a trade deal with China will get done in the next month?  Did your opinion on the market change after the crop? What will the market be watching going forward?

a.       South American Weather

b.       Demand

c.       Chinese Trade Talks

d.       US Production

8.       How does corn demand look?

a.       Ethanol

b.       Exports

How does soybean Demand look? Where do you think the market goes from here?

Turn Around Tuesday-sort of. Market deals with outside market pressure from lack of talks from China. Pushes coming to D.C. to move forward with USMCA. Harvest delays, planting progress in South America. Cattle market could continue to move higher in the weeks ahead. Worries of heavier cattle coming to market. Hogs have seen some struggles.

 

Corn harvested was 66% and soybeans harvested was 85% as of Sunday, Nov. 10, according to this week’s USDA NASS Crop Progress report. The report, which is normally released on Mondays, was delayed until Tuesday due to the Veterans Day holiday.

Winter wheat was 92% planted, 78% emerged and was rated 54% in good-to-excellent condition.

To view weekly crop progress reports issued by National Ag Statistics Service offices in individual states, visit http://www.nass.usda.gov/….

Clay Patton has the report details here.

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Harvested 66 52 83 85
Soybeans Harvested 85 75 87 92
Winter Wheat Planted 92 89 88 92
Winter Wheat Emerged 78 71 76 81
Cotton Harvested 62 53 53 59
Sorghum Harvested 88 78 72 80

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Winter Wheat 3 10 33 43 11 4 9 30 45 12 3 9 34 45 9

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 4 12 66 18 5 11 63 21 3 8 66 23
Subsoil Moisture 5 14 66 15 5 14 65 16 5 11 65 19

Cattle market makes another day of new highs except for December.  Will this strong trade continue?  Firmer cash market last week.  Rumors we might see the Holcomb KS plant open earlier.  Average weights are above a year ago.  Lower grain markets.  Year ago today March Corn 2nd largest crop…but still at the same price today.  How much did the USDA WASDE glitch effect the markets?

WASDE report.  How valid were some of the results in Re-surveying North & South Dakota Harvest weather going into next week.  Open interest in the cattle-could we see some buying & is there in a top going in.  Planting progress in South America.

New lows in the corn on a Thursday as markets set up for the Friday WASDE Report. China continues to play a role in the markets both on the soybean & hog side of the trade. Demand for corn isn’t good, cattle crazy with export increases on the way.

 

Is markets getting sick of the China situation.  Beans still see some strong demand & fresh Brazilian planting.  Is Brazil working to take away more markets from the United States?   Cattle market is setting up for some volatility in the markets.  Hogs undervalued on a global sector.