USDA Crop Progress reports released Monday afternoon estimated corn Good-Excellent condition at 76% versus 76% LW, 69% LYR and 59.2% for the 5-year average. The soybean condition ratings were 71% GE, 71% LW and 62% last year with a 5-year average of 58.4%. Missouri Corn condition was reported as 74% GE, 73% LW, 50% LYR and 48.4% – 5yr. avg. Missouri Soybeans were 68% GE, 67% LW, 29% LYR and 42.6% – 5-year average. This report was bearish. Missouri corn condition is rated 24% better than last year and Missouri soybeans are 39% better than one year ago. We are still very much in a weather market! The current weather has been crop friendly and is pressuring prices.
|
Blog Post
Morning Comments-Wednesday July 27 2016
Be sure to check out our website at: www.buchheitagri.com and see the marketing information available. If you scroll down on the front page you will find our market info page supported by AgriCharts. If you examine the left hand side of that page you will discover the options that allow you to create price graphs or charts and also to check on historical spread information.
Social Share