Grains Futures Prices
- Corn Rallies – What Happened. The Corn & Ethanol Report 04/26/17
The Grain complex has been completely under pressure and the old adage of rain makes grain and the thoughts of this rainy storms across the South, Plains...
- Wednesday Morning in Grain and Oilseeds 4/26
Good morning friends! Corn (K17) 372’0 +’2 Soybeans (K17) 958’6 -3’0 Chi Wheat (K17) 410’0 +1’2 KC Wheat (K17) 414’0 +2’0...
- Weather Forecast Sets Off Short Covering
Grain markets are mixed as trader wait for the forecast to develop. Farmers are using the current dry conditions to plant all that is possible.
- MDA SnapShot: Short 30yr Bonds, Chalk it up, 4/25/17
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing...
- Morning Grains. 04/25/17
Crop Progress Date 23-Apr 16-Apr 2016 Avg Cotton Planted 11 8 10 12 Corn Planted 17 6 28 18 Corn Emerged 4 4 4 Soybeans Planted 6 3 3 Sorghum Planted 24...
- Corn Prices Higher On Wet Weather
The weather market begins
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Corn futures are trading about 1 cent higher after closing 4 to 6 1/4 cents higher on Tuesday. Up to 7 inches of rain is expected between now and Monday in a band including most of AR, MO, IL and IN, eventually halting planting progress. The weekly EIA report will be released this morning at 9:30 a.m. CDT. Last week, production was increased 7,000 barrels per day to 993,000 bpd. Illinois planting progress had a 28% jump over the last week to 34% of the state’s crop planted, while Iowa was only 8% complete as of Sunday. Safras analysts estimate that 83% of the first Brazil corn crop is harvested, vs. 90.5% last year at this time. Chinese Customs reports only 5,300 MT of corn was imported in March, an almost complete shutdown from all sources as they try to utilize existing stocks.
Soybean futures are trading steady to 4 cents lower this morning, with the weakness in the back months. They settled mostly 5 1/4 to 6 3/4 cents in the red on Turnaround Tuesday. Soymeal was down $2.90 in the front month, with May 17 Soy oil11 points lower. If there are serious delays in US corn planting, soybean acreage would be assumed to increase. Brazil’s soybean acres are 93% harvested, according to estimates from analysts from Safras. China imported 6.326 MMT of soybeans during March, according to the country’s customs data. That is a 3.7% jump over March 2016. First quarter imports were 20% larger than last year at 19.52 MMT. Soy oil imports were up 71% vs. March 16, but down slightly from February.
Wheat futures are currently 1 to 2 cents higher in the CHI and KC contracts sinceending Tuesday higher in most contracts. MPLS spring wheat is 4 cents higher. MPLS was the strongest yesterday, mostly 10 to 13 cents higher, with reports of snow in that region and also in Canada. KC was up 8 3/4 to 10 1/2 cents in the nearby contracts. CHI was 6 to 7 3/4 cents in the green. US Spring wheat was 22% planted as of Sunday, well behind the average of 34% and last year at 40%. KS, OK, CO, and NE winter wheat conditions were raised 1% for good/excellent from the week previous to 52%, 44%, 42%, and 54% respectively.