American Farmland Owner’s Post

📢 Jan WASDE drops tomorrow! Here’s what we’re tracking at ASAP Agri: 🌽 Corn: Will U.S. stocks dip below 40 MMT? If they do, prices could break the 4.60 USD/bu mark! 🌾 Wheat: Bearish vibes persist, but a rebound isn’t out of the question. 🌱 Soybeans: Fundamentals remain heavy, leaving little room for major surprises. 👉 Read the full story: What to Expect from Jan WASDE? (https://lnkd.in/eJJWH4cS) #ASAPAgri #ASAPInsights #WASDE #Corn #Wheat #Soybeans

While it's too early to say for sure if a downturn for corn and soybeans is inevitable, U.S. producers might be facing a period of increased competition.      Check out this article that explores the future of corn and soybean prices, considering various factors like the U.S. dollar, interest rates, and global competition. Is your crop insurance agent talking to you about how they can help you manage this risk?   https://lnkd.in/gCCNW3pk

Harvest is in full swing, and even starting to wrap up for some producers! The Lack of rainfall in North Central Indiana and the North half of Illinois has not given us many days off this harvest season. This has caused the corn to dry down quickly, and for soybeans to even dry down a bit too much before we could even get to them. This good news is that harvest is wrapping up quickly, the bad news is that many producers are not getting enough rest, and the lack of down time does not make it easy to make repairs when needed. This combination can be dangerous for our farmers, and I encourage all of them to slow down take a break and keep everything working properly for yourselves and your workers! Just because you CAN go every day, does not mean that you SHOULD! Prices continue to be negative due to a lack of overall demand, as well as good yields. Corn production remains high, and early Soybean production was great, but has fallen off a bit as harvest has progressed. It won't be until later in November that we get to see estimates of totals, but right now things look like a top crop overall, with some areas definitely better than others. I will get back with another update as things wrap up in November. Do not hesitate to reach out if you have more specific questions I can help you with. Stay safe, and go vote!

Great story by Tarso Veloso and Gerson Freitas Jr. at Bloomberg on how low volatility in the grain markets are causing depressed margins for grain traders like ADM and Bunge. Although the "ABCDs" (the acronym for the global grain trading houses ADM, Bunge, Cargill and Louis Dreyfus) are often of accused of rigging grain prices to the detriment of farmers, the big grain trading companies often suffer right alongside farmers during periods of depressed prices. From the article: Markets have experienced a stark reversal since crop losses and disruptions caused by the war in Ukraine sent grain prices to all-time highs in 2022, creating a windfall for the companies handling the supplies. Futures for soybeans, corn and wheat have plunged as production rebounds, easing buyers’ urge to secure supplies and making farmers more reluctant to sell. Price swings have also softened, making it harder to profit from trading. “The ag processing and distribution environment has changed, especially during the second quarter, relative to what we have seen in the past few years,” Thomas Palmer, a senior equity research analyst at Citigroup Inc., said in an interview. “The premium these companies are receiving for distributing products around the world has gone down.” #corn #soybeans #wheat #grain #oilseeds #agriculture #commodities CoBank

Harvest is in full swinging, and even starting to wrap up for some producers! The Lack of rainfall in North Central Indiana and the North half of Illinois has not given us many days off this harvest season. This has caused the corn to dry down quickly, and for soybeans to even dry down a bit too much before we could even get to them. (This reduces the gross yields) The good news is that harvest is wrapping up quickly, the bad news is that many producers are not getting enough rest, and the lack of down time does not make it easy to make repairs when needed. This combination can be dangerous for our farmers, and I encourage all of them to slow down, take a break and keep everything working properly for yourselves and your workers! Just because you CAN go every day, does not mean that you SHOULD! Prices continue to be negative due to a lack of overall demand, as well as good yields. Corn production remains high, and early Soybean production was great, but has fallen off a bit as harvest has progressed. It won't be until later in November that we get to see estimates of totals, but right now things look like a really good crop overall, with some areas definitely better than others. I will get back with another update as things wrap up in November. Do not hesitate to reach out if you have more specific questions, I can help you with. Stay safe and go vote!

Wednesday Midday Markets - Sluggish Tones Continue to Drive Livestock Contracts Lower; Corn Futures Flat to Lower; Soybeans Higher; Wheat Lowe Sluggish tones continue to drive both the cattle and hog markets lower as sufficient support to justify higher trade is lacking. Still no cash cattle trade has developed and it's likely trade will be delayed until Thursday or Friday of this week. More: https://ow.ly/Efu850S9XWg Corn futures are flat to 2 cents lower in quiet action at midday as we continue to grind along the lower end of the range with fresh news in short supply and spillover from wheat helping to limit upside as well. Soybean futures are 10 to 12 cents higher at midday with trade finding some short covering as we ease oversold conditions with meal finding buying again as oil struggles. Meal is 8.50 to 9.50 higher and oil is 35 to 45 points lower. Wheat futures are 5 to 9 cents lower with long liquidation continuing as euro values ease and harvest moves forward on the Plains with more expansion on deck. Some moisture is expected to linger over the Southern Plains, which could cause isolated quality issues and delays into midmonth. DOW JONES: 23 Points Higher NASDAQ: 278 Points Higher CRUDE OIL: $0.89 Higher Class III futures prices were lower earlier Wednesday morning as traders realized futures prices were higher than they should have been relative to underlying cash. Futures were lower ahead of spot trading as some traders liquidated to take advantage of the premium. Cheese prices declined during spot trading, increasing the selling pressure. The block cheese price declined 3 cents, closing at $1.86 with five loads traded. The barrel cheese price declined 1.50 cents, closing at $1.9450 with no loads traded. The dry whey price remained unchanged at 44 cents with no loads traded. More: https://ow.ly/k0kU50S9XWf https://ow.ly/vq8b50S9XWb #dashboardreport #excellallnatural #excellproallnatural #breedup

#polishgrains Week 17 & 18 General With funds getting out of mlk24 and building up a comfortable long position pre WASDE report local cash prices shot through the roof on all commodities, export pace weighs heavily on port logistics, CFs building a pillow for the overlap period between both crops, EURPLN stable in a 4,26-4,29 range and stuck between 4,26 and 4,34 for the time being Wheats Despite the overall movement premiums have not lost a lot due to short coverage in OC and limited supply in the NC with the exception of high pros, which exports should soon be over. Especially feed wheats have gained momentum due to local short coverage and feed producers stocking up for July-early August production. OC/NC premiums are a touch lower for 12,5: with offers roughly around -8 mlu24 and -8mlz24 for ex harvest positions. Corn Out of all the feed grains corn has gained the most during the last two weeks on a local lvl. Have seen buyers around 205 euros ex farm for aug-sep pick ups. Current fob bids against the above for PL origin look pretty much worthless. In terms of new crop some acerage losses due to soybeans and sunflowers plantations expanding in Central and Notherns parts of PL. Small Grains Little to say on the old crop. New crop premiums remain unchanged so far with little visible bids. Rapeseeds Premiums for the nc unchanged around -18/-22 for ex crop deliveries. For more information feel free to contact me. nosz@polishagro.pl

You can still RSVP for Monday's webinar with DTN lead analyst Todd Hultman. Join and hear expert insights during the DTN Quarterly Grain Stocks and Small Grain Summary Report Webinar. #agriculture #AgInsights #AgricultureIntelligence #webinar #AgWebinar #soybeans #wheat #corn #grains

It's #TheFarmerInAdell Friday! Soybean prices are feeling the squeeze with large global supplies outweighing demand. But where do prices stand historically? While we’re off recent highs, they’re still within the mid-range compared to the past 10 years. With a record-breaking Brazilian crop on the horizon, it’s crucial to consider how much supplies could grow relative to current demand.

In today's Weekender... why the #corn market cares about Argentina's weather: At 51mmt (2bbu) Argy would rank as the 3rd largest corn producing state in the US (between IL & NE) Their production might be small but it's mighty as they are the 3rd largest exporter in the world (1 in 5 bushels) ~70% of its production is exported each year, meaning crop reductions likely result in export reductions https://lnkd.in/diTghr6i