CORN: Harvest is in full swing and moving along quickly this year due to a lack of mud to slow down progress. The yields reporting across the Midwest are showing a lot of inconsistencies, which are expected from the weather and development of this year’s crop. It is still soon
CORN: This week will deliver very important data for the market to process as we move into harvest mode. The USDA will release their monthly Crop Production and WASDE reports tomorrow, and this is the first crop report of the 2023 growing season with USDA using actual crop data. The
CORN: If you spent any time scouting corn fields across the Midwest this past weekend (while another blast of heat arrived), you may have discovered that a lot of corn fields shut down. We saw a lot of fields where the corn hadn’t fully matured, it just shut down. Out
CORN: As we bring August to a close there are a lot of crop observations to think about. The Pro Farmer Midwest Crop Tour gave us more insight on this corn crop, specifically areas most affected by this year’s weather extremes. The areas that remain dry had the lowest yield
CORN: A very intense high-pressure ridge is blanketing the Midwest for the week ahead, with temperatures expected to reach upper 90’s into 100 for highs and overnight lows mid 70’s-80’s for several days. Even more critical is the lack of rain in the forecast, for the duration of August into
CORN: The August USDA Crop Production and WASDE reports didn’t hold any real surprises, coming in line with the average trade estimates. Currently the USDA is expecting a 15.130-billion-bushel crop, with an average yield of 175.5 bushel per acre. USDA did lower the US corn demand by 45 million bushels
CORN: This week will likely see a lot of position squaring going into the much-anticipated USDA Crop Production report on Friday. There will be a wide range of guesses on the current crop, as the weather concerns this year have created a lot of uncertainty. This report is NOT where
CORN: Traders say, “you’ve got to love a good weather market”, and this year is no exception! Even just the past seven days are proof we have ridden the highs and lows of weather conditions and forecasts and it most likely will continue to bring volatility. The recent Drought Monitor
CORN: Bull markets need to be fed, and this year is no exception! Traders will be watching the near-term weather in the Midwest to see how hot and dry it will get this week. With some Midwest corn fields drought stressed and just hanging in there. Even though the emphasis
