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Initial Progress Reports Show Corn Plantings 2% Underway
Corn plantings for the week ending March 31 were 2% underway when averaging the 18 primary corn production states. This is slightly above the 5-year average by this time last year and is even with this week last year.
Texas is ahead of schedule, with 57% of its corn crop in the ground, compared to the 5-year average of 53%.
Plantings in Kansas, Kentucky, Missouri, and Tennessee are each 2% underway. Meanwhile, 12 of the 18 primary production states have reported zero progress in plantings so far this year...
Scoular Expands Footprint in Kansas with Purchase of Three Grain Facilities
Scoular, an agribusiness that buys, sells, stores, handles and processes grain and ingredients, recently announced that it has acquired three grain handling facilities in central Kansas.
The facilities were purchased from Skyland Grain and will allow the company to more than double its storage capacity in the region. The acquisition will complement Scoular's shuttle-loading facility in Pratt, which the company has operated for more than a decade.
Scoular will handle corn, wheat, soybeans, milo, and canola at the three newly acquired grain facilities. The grain...
Corn Harvest 88%, Soybeans 95% Complete in Latest Crop Progress Report
In the latest Crop Progress report, the USDA shows 88% of corn is now harvested, up from 81% the week prior and two percentage points ahead of the 5-year average.
Nearby corn futures contracts are fractionally higher in early Tuesday trading following yesterday's rally. December corn was last trading nearly flat at $4.77 ½ per bushel.
The soybean harvest is nearly complete at 95%, up from the previous week's figure of 91%. The five-year average rate is also 91%...
Corn Harvest Up to 81% Complete, Soybeans Near Completion
The corn harvest has reached 81% completion as of Sunday, November 5. This compares to the 5-year average of 77% at this time.
Most of the corn harvest typically wraps up in late November, though some states harvest well into December.
December corn is currently trading at $4.74 ¼ per bushel, down 3 cents. Traders and industry participants await Thursday’s USDA WASDE report, scheduled for release at 12:00 pm EST.
The soybean harvest is 5 points ahead of the 5-year average rate at 91% completion. Louisiana reports...
Latest Crop Progress Shows Corn Harvest 71%, Soybeans 85% Complete
In the latest Crop Progress report, the USDA shows 71% of corn is now harvested, up from 59% the week prior and surpassing the 5-year average figure by five percentage points.
Nearby corn futures contracts are fractionally higher in early Tuesday trading.
85% of the soybean harvest is complete, up from the previous week's figure of 76%. This is two points behind year-ago progress but is seven points ahead of the 5-year average.
January soybeans were last trading 3 ½ cents higher at $13.11 a bushel...
Corn Harvest Up to 59% in Latest Crop Progress Report
The corn harvest as of Sunday, October 22nd, was up to 59% completion, according to the latest USDA survey. This figure is on par with year-ago progress and is ahead of the 5-year average by five points. Corn in the mature stage has reached completion.
Nearby corn futures were last trading 3 cents lower per bushel.
76% of soybeans have been harvested so far this season, up from 62% the week prior. This figure exceeds the 5-year average by 9 points but is behind the year-ago figure...
Soybean Harvest Progressing at Rapid Pace in Latest Crop Progress Report
The corn harvest as of Sunday, October 15th, was up to 45% completion, according to the latest USDA survey. This figure outpaces 2022 progress by two points and is three points ahead of the 5-year average.
Corn in the mature stage is nearing completion at 95%. The condition of the corn crop was nearly unchanged from the previous week, with 29% rated fair, 43% good, and 10% excellent.
Nearby corn futures are trading 1 to 1 ¾ cents lower so far this morning...
Corn and Soybean Harvests Both Up to 23% in Latest Crop Progress Report
Corn mature was up to 82% in the latest Crop Progress report, up from 70% the previous week and 7 points ahead of the 5-year average rate.
The corn harvest is up to 23% completion as of Sunday, October 1st. This is ahead of 2022 progress at this time as well as the 5-year average rate of 21%.
States leading the corn harvest include North Carolina with 86% of their harvest completed, Texas with 78%, and Tennessee with 58%...
The condition of the 2023 corn...
Russia and China Planning to Construct Bordering Grain Terminal
Over the four-day Eastern Economic Forum held in Vladivostok, Russia from September 10-13, Chinese and Russian officials signed multiple deals to enhance trade flows between the two countries.
This includes the construction of a new grain terminal, called the Grain Terminal Nizhneleninskoye-Tongjiang, as reported by the South China Morning Post. The terminal will help export food produced in the Ural Mountains, Siberia, and Russia’s Far East to China.
The new logistics hub will be located between Vladivostok, a major port city in Russia, and China’s northeastern province of...
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The 2023 Corn Harvest Is Officially Underway
The week ending September 10th marked the first week of measurable corn harvest in the United States for 2023.
The USDA reports that 5 percent of this year’s corn crop has been harvested so far, which is on par with a year ago at this time and one point ahead of the 5-year average. Texas reports 62 percent of its corn crop has been harvested, while North Carolina has harvested 49 percent. Seven of the 18 primary corn-producing states have yet to begin their harvest activities...
Corn Growth Slightly Ahead Average Rate; Conditions Downgraded
In the latest Crop Progress report, corn in the dough stage was reported to have reached 88%, which is slightly ahead of past progress benchmarks. Corn dented was up to 51% stage completion, ahead of the 5-year average of 49%.
Corn mature was reported at 9%. This beats out the 5-year average of 8% and 2022 progress of 7%. 13 of the 18 primary corn-producing states reported some level of matured corn in the latest report.
Corn conditions were downgraded two points from the previous week, with 56% in...
Corn Conditions Slightly Downgraded; Soybeans Hold Steady
In the latest Crop Progress report, corn in the dough stage was reported to have reached 78%, which is ahead of past progress benchmarks. Corn dented was up to 35% stage completion, also ahead of the 5-year average of 33%.
For the first time this season, we have figures for corn mature, at 4%. This is on par with the 5-year average and 2022 progress. 10 of the 18 primary corn-producing states reported some level of matured corn in the latest report.
Corn conditions were downgraded one point from the...
Wheat Futures Rise Following Alleged Drone Attack on Moscow
Wheat futures on the Chicago Mercantile Exchange advanced by nearly 2% early Friday, boosted by mounting concerns over global supplies following an alleged drone attack on a building in central Moscow earlier in the day, according to media reports.
December wheat reversed Thursday’s losses and narrowly surpassed $6.28 per bushel. This, however, was down sharply from its week-ago settlement price of $6.53 ¾ per bushel. Wheat prices have generally been on a steep downtrend since surging to $7.96 per bushel in late July, a five-month high...
Corn and Soybean Condition Ratings Improved in Latest Crop Progress Report
Corn conditions saw a modest improvement in the latest Crop Progress report. The USDA reported corn in good to excellent condition totaled 59%, up from 57% the previous week.
Corn in the silking stage was reported at 96%, on par with the 5-year average. Corn dough was up to 65%, two percentage points ahead of the 5-year average. Corn dented more than doubled progress from the previous week, at 18%. This matches the 5-year average and outpaces the year-ago progress of 15%.
Soybean conditions also saw improvements with 59% rated...
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