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The 2024 Corn Harvest Is Officially Underway; Hurricane Francine to Make Landfall
The week ending September 8th saw the start of measurable corn harvest in the U.S. for 2024.
The USDA reports 5 percent of this year’s corn crop has been harvested so far, which is slightly above a year ago at this time, and two points ahead of the 5-year average. Texas reports 75 percent of its corn crop has been harvested, while North Carolina has harvested 18 percent. Nine of the 18 primary corn-producing states have yet to begin harvest activities...
Corn Planting Progress Slightly Outpacing Average Rate
In the USDA’s latest Crop Progress report, corn plantings as of Sunday, April 7 were 3% underway across the 18 primary production states. This is slightly behind the 5-year average rate of 2%.
Seven states now report planting progress, up from six the previous week. North Carolina and Missouri/Tennessee showed the most week-over-week progress, jumping 8 and 5 percentage points, respectively.
States failing to get on the board include Iowa, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Wisconsin.
Corn futures were down 1 to 2 cents...
Mintec's 2024 US Easter Index
Mintec’s US Easter Index measures price fluctuations across key food commodities that are typically consumed in the US during the Easter period. The US Easter Index compares the commodities’ prices in March 2024 against March 2023 to determine whether consumers will be hypothetically better or worse off this Easter. The Index is comprised of three sub-indices: the US Easter Protein Index represents a selection of meats, fish and eggs that will typically be eaten as part of a main Easter dinner; the US Easter Chocolate Index compares the main...
Corn Harvest Nears Completion in Latest Crop Progress Report
In the latest Crop Progress report, the USDA shows 93% of corn is now harvested, up from 88% the week prior and ahead of the 5-year average figure by two percentage points. Kansas, North Carolina, and Texas are reporting 100% harvest completion.
Winter wheat plantings are nearing completion as well, with 95% of the crop in the ground as of Sunday, November 19. 87% of winter wheat has emerged and 83% is rated in fair to excellent condition overall.
Nearby corn futures contracts are 2 to 2 ½ cents higher...
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%...
PERDUE® Enters the Snack Category with Chix Mix
For the first time ever, PERDUE®, the number-one brand of fresh chicken in the U.S., announced the launch of Chix Mix, a limited-edition snack food inspired by the high-quality, all-vegetarian diet that the company feeds its chickens. Featuring a delicious mix of corn, wheat and edamame, Chix Mix is made from most of the same ingredients that go into the company’s chicken feed. Plus, we added a dash of tasty BBQ spices just for humans.
“Over the last 20 years, Perdue has worked diligently to achieve...
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...
Where Are Commodities Prices Headed?
Individuals investing in commodities haven't had a smooth ride over the past few years.
U.S. crude-oil futures briefly turned negative during the height of the pandemic in 2020 before rebounding to more than $82 a barrel recently. World food prices reached their highest level on record last year, in part as the Russia-Ukraine war spooked markets, but have fallen back more recently. And commodities from lumber to copper rode high and then fell, as global inflationary pressures and recession concerns drove trading.
So what happens next...
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...
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