The current mood of grain and soy futures markets seems mainly unaffected by details of planting progress and beneficial weather as today’s price action demonstrates. Trading is dominated by technical charts and momentum signals that were set in motion several weeks ago. General Comments As of 15 May, the U.S. corn crop was 75 percent in the ground and U.S. soybeans were 36 percent planted, both of which were slightly above average for the date. After some early week showers, the Corn Belt will turn drier and warmer for the next several days, which should allow for further progress. Next Monday’s weekly report from USDA should show corn planting near 90 percent and soy planting at 60 percent or higher. With no signs of pending adverse wea...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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