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Modestly lower finishes for corn and wheat

Soybeans were narrowly mixed, with nearby contracts up and deferred months down, as traders adjusted spreads. CONAB raised its outlook for Brazil’s bean crop slightly, now pegged at 166.211 million tons and production is currently expected to be up 12.5% on the year. Crop...

Soybeans, wheat close modestly higher

Soybeans were higher on short covering and technical buying. Soybeans are watching U.S. harvest activity, expecting more good near-term progress in much of the region. Still, there will need to be a substantial soil moisture recharge in the U.S. prior to 2025 planting. Planting...

Ethanol stocks, production up modestly

U.S. ethanol production hit its highest level in a month last week. The U.S. Energy Information Administration says production averaged 1.042 million barrels per day, up 4,000 on the week and 7,000 on the year. Iowa State University’s Center for Agricultural and Rural Development...

Soybeans see modestly higher close

Soybeans were modestly higher on short covering and technical buying, reversing course after a weak open. The trade continues to monitor U.S. harvest activity, expecting good progress in most of the region. Rain is in the forecast for dry parts of South America, but...

Wheat manages mostly modestly higher finish

Soybeans were lower on fund and technical selling. Harvest is nearly at the halfway point, with favorable conditions in the forecast for many areas. The USDA’s updated supply, demand, and production numbers are out Friday, with the average guess calling for slightly lower production,...

Corn, wheat finish session modestly higher

Soybeans were mostly lower. U.S. harvest conditions generally look favorable and dry parts of South America could see rain soon. The USDA says 47% of U.S. soybeans are harvested, compared to the five-year average of 34%, with 90% of the crop dropping leaves and...

Ethanol production up modestly on week, year

U.S. ethanol production bounced back a little last week. The U.S. Energy Information Administration says production averaged 1.015 million barrels a day, up 21,000 on the week as some plants ended seasonal maintenance and 6,000 on the year. Iowa State University’s Center for Agricultural...

Farm leases expected to be steady or modestly decrease in 2025

Farm leases are expected to remain steady or see modest decrease for 2025. Cole Nickerson, with Farmers National Company tells Brownfield… “Like anything, when profitability and agriculture falls, there’s pressure on them. So we’re still early in that season, but we’re starting to do...

Soybeans manage modestly higher finish

Soybeans were modestly higher on short covering and technical buying, with most months near the high end of the day’s range. Near-term forecasts are warmer, and drier for parts of the region, potentially causing stress. A major crop tour has shown some variability in...