CME GRAINS: Corn: $ 4.7725 (+2.00); Soybeans: $12.9625 (+2.50); Wheat: $5.795 (+3.75); Cotton: $84.04 (-0.83)
National Corn Wire
STOCK UPDATE: Dow 30: 33,963.84 (-106.58); Nasdaq: 13,211.81 (-12.17); S&P 500: 4,320.06 (-9.94) (Lower Bond Yields Spark Mild Recovery In Stocks)
Market Update
ENERGY PRICES: Crude Oil: $90.36 (+0.73); Heating Oil: $3.336 (-0.032); Natural Gas: $2.646 (+0.036)
Market Update
DROUGHT MONITOR: Drought worsened in parts of the Upper Midwest and Central Plains, but helpful rains are coming. This past week, precipitation brought improvements to much of western and central Texash straight week
Weather
U.S. EXPORT SALES: Wheat sales down 30% from last week; Beef up noticeably but still not good (13.7K mt)
Market Update
SHORT-RANGE WEATHER: Strong to severe thunderstorms and heavy rainfall for portions of the Plains through Friday
Weather
CORN MARKETS: Today the corn will likely be stuck between short covering ahead of the weekend and preweekend harvest hedging. The bulls need a move above $4.83 in the December contract to start next week with the upper hand (Schwieterman)
NBW Market Commmentary
GRAIN TRENDS (Short Term/Long Term): CORN: Down/Down; WHEAT: Down/Down; SOYBEANS: Down/Down
National Corn Wire
Corn exports projected at 72.4 million metric tons in 2021, up 67.3% from the prior year (VIEW REPORT)
National Corn Wire
Corn export commitments (ytd) reported at 69.7 million metric tons in 2021, up 59.5% from the prior year (VIEW REPORT)
National Corn Wire
CORN EXPORTS: Net sales of 151,600 MT for 2021/2022--a marketing-year low--were down 63 percent from the previous week and 73 percent from the prior 4-week average
National Corn Wire
DAILY EXPORT SALES: Private exporters reported sales of 128,000 metric tons of soybeans for delivery to Mexico during the 2022/2023 marketing year
Exports
SOYBEAN EXPORTS: Net sales of 276,800 MT for 2021/2022 were down 63 percent from the previous week and 48 percent from the prior 4-week average
Exports
WHEAT EXPORTS: Net sales reductions of 2,300 metric tons (MT) for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average
Exports
DROUGHT MONITOR: It’s hot and dry in the Southwest. Exceptional drought (D4) has developed or expanded in parts of Utah and New Mexico. Meanwhile, most states in the West and Great Plains saw improvements, except for areas of Montana and Texas
Weather
DROUGHT MONITOR: Amidst the wild and devastating weather week, drought mostly held at status quo. The West saw some improvements, and the Southern Plains saw degradations, with mostly small changes elsewhere (VIEW REPORT)
Weather
DROUGHT MONITOR: 217.8 million acres of crops in U.S. are experiencing drought conditions this week, unchanged from last week, up 8.5% from last month
Weather
DROUGHT MONITOR: Drought coverage across the U.S. and Puerto Rico topped 40% (40.01%) for the first time since late September and for the fifth time in 2021. The lowest percentage of drought coverage across the U.S. & P.R. so far in 2021 occurred in late May (36.3%)
Market Update