This will be the worst finish for crops since 2012. I haven’t seen corn turn this early since that year. It will ding kernel size and prevent really high TW. Pod count is higher on beans but bean size will be very small. Still 178 on corn but beans maybe 51-52
The derecho cost Illinois a record crop. Up by Wyoming the corn looked fine until they sent a drone and 60% green snap in the middle of the field. Kansas is bad , chopping silage in July. A farmer in Nebraska said dry land was 150 now 75 at best. The damage is done.
Howdy Scott,
I agree the crop is so big in areas but expectations are so hyped it will probably be hard to match up. I can tell you that many fields that look great from the road or when you walk in are not consistent when you look at them from an overhead view. Some with loss
The US soybean export situation has changed. This morning's weekly report showed the fifth best sale for this week in history. The US price advantage, with the market's temporary concern over Brazil, is the best in over a year.
CBOT
#wheat
is lower, struggling to stay above $5.80 and the recent uptrend line. The Black Sea is calmer, and US farmers may be selling
#grain
more actively ahead of the weekend.
Where are we headed next—$5.60 or $6.00? 📉📈
Check out our take in today's weekly market note ->
Very well stated. This weekend I always think of John 15:13. Jesus said Greater love hath no man than to lay down his life for his friends. Jesus died on the Cross to save us from our sins. Our Service men and women gave their lives for our freedom, also those who didn't die.
The legacy of brave men and women who have fought and died for their country is the Freedom we enjoy as Americans ! Thank you for the sacrifices you have made! God Bless! 🇺🇸🙏♥️🤍💙🙏🇺🇸
The Western Producer /
@sean_pratt
: The Black Sea region will be far less of a competitive threat in
#wheat
markets in 2024-25, according to an agricultural markets research firm specializing in that region of the world.
SovEcon is forecasting Russia will export 46.1 million
Is the rally in
#wheat
over (for some time) as the market is running out of specs' shorts?
Funds' net short: 76K on April 23 (COT); 48K on April 30....20K-25K currently?
#oatt
#sizovreport
#blacksea
Central Illinois just across from Davenport, 16 x 48, calculates out to 295-300 bushels per acre....got close to 8 inches of rain here this week. Should be good to go until harvest, no tip back allowed!
#cornto3
$
⚠️Midwest Flooding Update
🟪 Major Flooding
🟥 Moderate Floods
🟧 Minor Floods
All of these observation points are expected to increase in the forecast of flooding
🟪Major 31 -> 36
🟥Moderate 31 -> 48
🟧Minor 51 -> 81
51 at best. A lot of beans were planted in June meaning lower yields. Some really late ons we're for a cover crop and N. The extra 1M acres will probably not be harvested
🫛USDA has U.S.
#soybeans
notching a new yield record by 1.3 bpa over 2016. That includes new records in Illinois, Indiana & Ohio, but only by 1 bpa each. Kansas is looking much better than last year but is still a bit off the "normal" mark.
Very good bean yields early and now lower every day this week. May planting will be 15-20 less than April. 7-10% beans will bring the National average to 51
If
#soybeans
can't find more of a break than this, I'm going to have to think we are just creating a bull flag currently vs taking another leg down. Come in with a drier forecast for SA on Sunday/Monday would confirm it and send us back higher into the 1080 area.
#soybeans
#oatt
I want to test my bearish assumptions. Given dryness until rains near EoM/1st week Sept, higher PFTour/equal-higher Sept WASDE, large MM short...who thinks we are higher by Labor Day and for what OTHER reasons that I did not mention? Lower USD or China? What else?
A joke. My seed dealer does our area and is very honest yields about the same as last 2 years very good but not a record. Some guys in northern Illinois said they walked pretty far to find what they wanted. The crop is going backwards with 2 more weeks of dryness.
There’s still no meaningful rain in the forecast for Russia's winter
#wheat
regions, and the planting window is closing. 🌾
A new Russian crop update with the 2024 forecast and the first 2025 estimate is coming soon for subscribers. Sign up for early insights:
They're going down especially so on the beans. The early yields are the highest. Beans have already dropped 5-10 bushel and the May beans will be more. May corn I down 10-20 bushels from April planted.
1/ The September USDA yield forecasts of 183.6 bushels for
#corn
and 53.2 bushels for
#soybeans
are both new national records. Some argue that these will become even larger based on the old adage that “big crops get bigger and small crops get smaller.”
You’ve heard the highest yields. Enemy April planted beans are falling into the 60’s from a normal 80. Corn yields through a section of Illinois are 40-230 because of the derecho. Illinois 215-217 at the most
The crop isn’t growing just ask the farmers in Kansas and Nebraska 100 and 25 mph winds every day. How about other north where crops are way behind and now it’s turning cool, running on of sunshine and time
It's HOT TAKE time!
A big crop is getting bigger all the while big on-farm stocks need to still make their way to town. Both of these factors have pushed
#corn
to new lows & the U/Z to a historically wide carry with harvest only a few weeks carry
Link in bio
#soybeans
#soja
#oatt
#CONAB
So in one survey month's time, you were able to find an extra 1.6 mil hec. of beans? Are the farmers casting a magnetic field over your satellites, or are they punching the wrong chads? Are the numbers going to slowly converge to USDA's?
August is bean month and it's looking dry into September. Illinois beans are going backwards because of disease. White mold for the first time in 20 years. After this weekend to cool in the north. 65% of the beans were planted after May 15. It's not just frost , getting late.
#soybeans
#oatt
I want to test my bearish assumptions. Given dryness until rains near EoM/1st week Sept, higher PFTour/equal-higher Sept WASDE, large MM short...who thinks we are higher by Labor Day and for what OTHER reasons that I did not mention? Lower USD or China? What else?
@Cardinals
We could see the Cardinals tomorrow night if we had a decent GM. Ozuna-MVP and Arozaruna- breaking the postseason HR record. Both let go by out terrible GM.
We’ve heard the biggest yields. Bean yields are dropping every day. Even corn yields in a section of Illinois have fallen to 40-230 where the derecho hit. The monsoon keeps getting pushed back and Russia is very serious
Corn & wheat continue their run as both post multi months highs.
Solid breakout in wheat. We reached my $6.12 target. So not a bad idea for many to look at scaling into taking off a little bit of risk despite there being potential for us to wiggle a little higher.
War is the
#wheat
is the interesting market to watch, with implications for
#corn
. Europe's crop likely has more downgrades, along with Russia. Still dry in Russian winter wheat areas. Russia may need to restrict exports in last half of MY. Global exporter stocks otherwise tight.
#oatt
There’s only one thing for sure definitely chopping silage 3 weeks early. Nebraska 90-100 and 25 mph wind. That will end a crop. I have cousins in Kansas and 1 week can ruin a crop
People say this shit every year, then we have a record or near record crop. I’m less inclined to believe the people that cry wolf every year than a huge crop.
After limited precipitation last week, ECMWF predicts almost no rain for most Russian winter
#wheat
regions until the end of the month. Precipitation in November will likely be irrelevant—too late. 🌾
The first 2025 crop estimate was published for subscribers last week. Get it
Here we go. The Greatest Spectacle On The Earth: The Harvest Of Soybean in Santa Luzia Farm. This year the spectacle was anticipated by at least a week due to the heat.
#Agro
never stops
#OAgroN
ãoPara
#Brazil
🇧🇷
#CropWatch24
producers are overall a bit happier with how their
#soybeans
look versus their
#corn
, but one mutual concern seems to be this year's slower plant growth, largely caused by wet/cool early season conditions. That may not be a huge issue? Could be some great yields.
Good Morning Fishers of Men🪝✝️
Read Genesis 3:17-19
The practice of memento mori is intentionally recalling, every day, that we will die, that our time on earth is the briefest of moments against the backdrop of eternity. When we accept our mortality, & acknowledge the fact
Looks like some decent weather for northern hemisphere next week. Good Luck. Not a 2016 scenario for Goias and MT. Nice corn and cotton coming. MGDS and Parana, well, they will be nipped a little.
Early harvest results are always mixed. Hearing more big impressive
#corn
yields to offset problem areas. Probably more "disappointing"
#soybean
yields at this point due to the dry finish. Still big supplies, but maybe not as large as feared.
#oatt
I don't think we learned a whole lot today, though it was good USDA made a big cut on Russian wheat considering the emergency status there. USDA is now ~6 mmt above the Argy exchanges on the pest-ravaged corn crop and +5.3 mmt on Conab for Brazil soy. Conab data out Thursday am👀
@SusanNOBULL
Not going to 5 but May corn is 15-20 less than April planting. Demand is at least 200M more. 1.7 carryover. I forgot no corn in the world except US
I might be to low, but 179-181 takes us to 4.50. More importantly I think wheat goes to 6.50-7 and even higher if it doesn't rain in Russia this fall. That's a big if.
Both of those issues have been ongoing but he fully supports them and has no problem with boys competing in girls sports. I never dreamed I would see such evil in my lifetime. The Word says in the Last Days it will be as in the days of Noah. Matthew 24
I’ve been saying the early beans and corn will be be very good and it will all be down hill after that. The early beans are not living up to the hype. Early corn is good but a little variable. Keeping corn at 179 but lowering beans to 51. This dry finish is bad especiallyforbeans
@BrianElsasser2
8-9 less in May beans vs where we left off in April. Same variety etc. Water damage in low spots and hill tops croaked in August. Double whammy…
I might be to low, but 179-181 takes us to 4.50. More importantly I think wheat goes to 6.50-7 and even higher if it doesn't rain in Russia this fall. That's a big if.
CONAB and USDA are both lying. The first 20% of Safrina is going to be good corn. The last 30% is trying to pollinate now through late May. It will be horrible. The other 50% will be a little below average. I'm at 100 total Brazil corn. I'm 138 on beans .
Technicals usually win for now. Corn fundamentals are bullish. If 66% planted Monday, 33% after May 20. 176 at the top. Nutrien came out at 87 today. If those 2 would be accurate next year's carryover would be 1.2. Corn in South America getting worse every day.
Good night my friend. I'm a bit discouraged. We have one law for Republicans and another for Democrats. Clinton did the same thing as what Trump was alleged. He paid off Jennifer Flowers and Monica Lewinsky. This calls for prayer
Good Night Friends-😴
Well now we no exactly what we're up against
It's our own fault if we don't tell everyone we encounter, no matter who/where/when/how, that we ACTUALLY live in a Banana Republic🍌🍌🍌
We MUST fix this in November
No Excuses
#NotThisTime
#MAGA
Tomorrow is Love
I agree. Anything planted before early November which is a pretty high %, will be off 40-50% on average. After that date they could still be a full crop with rain. I'm going from 142 to 138 after this last week of heat and dryness
The rain that is coming with help all of the beans planted from early November to today. If we return to warm and dry then we are back into stressful conditions. I figure Northern and Northeastern States need a rain event of 6"+ to snap this pattern. I don't think 1 - 4" will
Nearby Chinese
#corn
futures have fallen 8.2% the past 4 wks leaving its premium over CBOT corn at its lowest since June '23
Remember 20/21 when China scooped up nearly 850mbu of US corn? The Dalian futures premium over Chicago avg $5.50/bu the majority of that marketing year