Grains Market Clipps 9.1.2021

The corn condition in the US that is currently rated good or excellent is 60% of the crop. That is slightly below the year-ago rating of 62%, however, ratings for corn dented and corn mature are slightly ahead of last year, at 60% and 11% respectively. Recent rains across several of the dryer portions of …

Grains Market Clipps 9.1.2021

Hurricane Ida appears to have tracked to the east of most crop growing areas in the Mississippi Delta region, and yields on corn and beans from those areas are expected to be fairly good. Getting them to market, however, may be difficult. Several grain elevators in the region are reporting damage to their infrastructure, which …

Grains Market Clipps 8.31.2021

US grain exports are typically low at this time of year already, but the passage of Hurricane Ida over southern Louisiana and the Mississippi River is limiting exports even further. Nearly 50% of the approximately 301,334 Mt of waterborne corn, wheat and soybeans loaded in the US so far this year, have originated from the …

Grains Market Clipps 8.3.2021

Argentina’s grain exports made a respectable showing in July, despite environmental issues faced by growers and shippers. There were 3.29mn Mt of corn loaded during the month, which was down 8.4% from a year ago. Wheat exports rose 129% to 501,711 Mt, while Soybean loadings declined 24% to 707,844 Mt. Combined loadings of all three …

Grains Market Clipps 8.3.2021

Final data on Brazil’s corn exports in July show a small acceleration at month-end, but still a weak showing compared to prior years. They totaled 1,222,763 Mt, or a daily rate of 39,446 Mt/d. That compares to figures a year ago of 3,731,785 Mt, or 120,382 Mt/d. As expected, the impact from the late planting …

Grains Market Clipps 7.26.2021

Brazilian corn exports are still flagging, with less than a week to go in the month. Exports usually begin surging in July, as the second, Safrinha, crop is harvested. However, the late planting and frost late last month have weighed on loadings. The loading rate is only 31,066 Mt/d so far this month, which is …

Grains Market Clipps 7.20.2021

Corn and soybean prices on the CBOT have steadied at higher levels in the last couple days, as signs of improving US crops took some steam out of recent rallies. Corn ratings were generally higher across Indiana, Illinois and Pennsylvania, while soybeans improved in Illinois, Kansas and Nebraska. If this translates into higher exports later …

Grains Market Clipps 7.13.2021

Following a US corn planting season that progressed faster-than-normal, the development of the crop has lost some ground recently. Only around 26% of the crop is silking, which is below the five-year average of 30%. The corn condition shows 65% good-to-excellent compared to 69% a year ago. The next worry for the market is drought …

Grains Market Clipps 6.28.2021

US corn loadings are 50% lower so far this month than in May, and currently at 106,521 Mt/d. Loadings normally decline after a peak sometime between March and May, as the new crop is planted and developed. This month’s drop is slightly larger than average, with June loadings falling 14% in 2020, 56% in 2019 …