U.S. ethanol production declined slightly last week. The U.S. Energy Information Administration says production averaged one million, seventy-one thousand barrels a day, down 3,000 on the week. Ethanol stocks increased 3.6% to an 18-week high of 22.9 million gallons. All areas except the Rocky Mountains... Read More.
Soybeans were modestly higher on short covering and technical buying. Beans and nearby meal rallied from early losses, with help from bean oil on higher global vegetable oil prices. Planting in Brazil is slower than average, with some areas too wet and others... Read More.
Kansas wheat growers are trying to wrap up planting and one farmer says it’s been a struggle to get the crop in due to ongoing drought. “We’re going into the part of the season where we don’t get much rainfall. It’s bleak. Rick Schlender tells... Read More.
Soybeans was modestly higher on short covering and technical buying. The trade is expecting the USDA to report solid harvest progress with limited delays in the forecast for much of this week. The USDA says 12% of U.S. soybeans are harvested and 73%... Read More.
Soybeans were modestly lower on fund and technical selling. The USDA’s condition rating was unchanged on the week, with beans watching early harvest activity, expecting minor delays in parts of the Midwest and Plains. The trade is also monitoring early stages of planting... Read More.
The USDA says July dairy product production is waning alongside reduced milk supplies. Total cheese production was nearly 1.2 billion pounds, down less than one percent from last year and the prior month. Italian cheese production was down 1.5 percent on the year and... Read More.
Corn and soybean conditions improved slightly in Missouri this past week, but these ratings are still the lowest in the country. USDA says Missouri’s corn is rated 29% good to excellent and the soybeans are 32% good to excellent. The corn is 70% in... Read More.
Illinois corn and soybean conditions improved the last week of July. USDA says 49% of the corn crop is rated good to excellent, an increase of four percentage points from the previous week. Soybean conditions are rated 46% good to excellent, an increase of... Read More.
Nebraska crop conditions improved last week due to timely rains. The USDA says 62 percent of the corn crop is rated good-to-excellent with 77 percent silking and 39 percent in the dough stage. Soybeans are 56 percent good-to-excellent with 33 percent setting pods. Forty-three precent of... Read More.
Crop conditions improved slightly as Kentucky experienced below-normal temperatures and above-normal precipitation. Corn is rated 60% good to excellent with 8% of the crop silking. Soybeans are 93% planted, with 83% emerged, 8% blooming, and 66% rated good to excellent. Some of the late-planted... Read More.
Soybeans were mixed on spread trade and oversold signals. Beans were down for most of the session on uncertainties in the broader market and the lower trend in bean meal. There’s also been pressure from Brazil’s advancing record harvest. On the bull side... Read More.
The USDA says November dairy product production was mostly up on the year, from added processing capacity, while declines were reported for dry milk powder. Total cheese production totaled more than 1.15 billion pounds, up more than one percent on the year but down nearly... Read More.