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 …

Grains Market Clipps 6.8.2021

The US exported 213,252 Mt/d of corn in May, or 43% above a year ago. Stresses on US crops are continuing amid hot and dry weather, and another cut in USDA corn & bean ratings is possible next week. Uncertainty over drought prospects are keeping prices elevated, but more favorable weather is possible as the …

Grains Market Clipps 6.2.2021

Argentinian exports of corn, wheat and soybeans fell 20,341 Mt, or 16%, in May versus to April. The drop compares to an increase of 6% in the same month a year ago. Corn accounted for the bulk of the decline, with exports falling by 33,568 Mt on the month. That was countered by an increase …