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Corn Planting Progress Slightly Outpacing Average Rate

In the USDA’s latest Crop Progress report, corn plantings as of Sunday, April 7 were 3% underway across the 18 primary production states. This is slightly behind the 5-year average rate of 2%. 

Seven states now report planting progress, up from six the previous week. North Carolina and Missouri/Tennessee showed the most week-over-week progress, jumping 8 and 5 percentage points, respectively. 

States failing to get on the board include Iowa, Michigan, Minnesota, North Dakota, Ohio, South Dakota, and Wisconsin.

Corn futures were down 1 to 2 cents...

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Apr 9 10:49 AM, UB Newswires



Mintec's 2024 US Easter Index

Mintec’s US Easter Index measures price fluctuations across key food commodities that are typically consumed in the US during the Easter period. The US Easter Index compares the commodities’ prices in March 2024 against March 2023 to determine whether consumers will be hypothetically better or worse off this Easter. The Index is comprised of three sub-indices: the US Easter Protein Index represents a selection of meats, fish and eggs that will typically be eaten as part of a main Easter dinner; the US Easter Chocolate Index compares the main...

 

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Mar 28 8:03 AM, Urner Barry


Corn Harvest Nears Completion in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 93% of corn is now harvested, up from 88% the week prior and ahead of the 5-year average figure by two percentage points. Kansas, North Carolina, and Texas are reporting 100% harvest completion. 

Winter wheat plantings are nearing completion as well, with 95% of the crop in the ground as of Sunday, November 19. 87% of winter wheat has emerged and 83% is rated in fair to excellent condition overall.

Nearby corn futures contracts are 2 to 2 ½ cents higher...

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Nov 21 10:02 AM, UB Newswires


Corn Harvest 88%, Soybeans 95% Complete in Latest Crop Progress Report

In the latest Crop Progress report, the USDA shows 88% of corn is now harvested, up from 81% the week prior and two percentage points ahead of the 5-year average. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading following yesterday's rally. December corn was last trading nearly flat at $4.77 ½ per bushel. 

The soybean harvest is nearly complete at 95%, up from the previous week's figure of 91%. The five-year average rate is also 91%...

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Nov 14 9:30 AM, UB Newswires


PERDUE® Enters the Snack Category with Chix Mix

For the first time ever, PERDUE®, the number-one brand of fresh chicken in the U.S., announced the launch of Chix Mix, a limited-edition snack food inspired by the high-quality, all-vegetarian diet that the company feeds its chickens. Featuring a delicious mix of corn, wheat and edamame, Chix Mix is made from most of the same ingredients that go into the company’s chicken feed. Plus, we added a dash of tasty BBQ spices just for humans.

“Over the last 20 years, Perdue has worked diligently to achieve...

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Nov 8 4:11 PM, Urner Barry


Corn Harvest Up to 81% Complete, Soybeans Near Completion

The corn harvest has reached 81% completion as of Sunday, November 5. This compares to the 5-year average of 77% at this time.

Most of the corn harvest typically wraps up in late November, though some states harvest well into December.

December corn is currently trading at $4.74 ¼ per bushel, down 3 cents. Traders and industry participants await Thursday’s USDA WASDE report, scheduled for release at 12:00 pm EST.

The soybean harvest is 5 points ahead of the 5-year average rate at 91% completion. Louisiana reports...

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Nov 7 9:43 AM, UB Newswires


Where Are Commodities Prices Headed?

Individuals investing in commodities haven't had a smooth ride over the past few years.

U.S. crude-oil futures briefly turned negative during the height of the pandemic in 2020 before rebounding to more than $82 a barrel recently. World food prices reached their highest level on record last year, in part as the Russia-Ukraine war spooked markets, but have fallen back more recently. And commodities from lumber to copper rode high and then fell, as global inflationary pressures and recession concerns drove trading.

So what happens next...

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Nov 6 10:28 AM, Urner Barry


Latest Crop Progress Shows Corn Harvest 71%, Soybeans 85% Complete

In the latest Crop Progress report, the USDA shows 71% of corn is now harvested, up from 59% the week prior and surpassing the 5-year average figure by five percentage points. 

Nearby corn futures contracts are fractionally higher in early Tuesday trading.

85% of the soybean harvest is complete, up from the previous week's figure of 76%. This is two points behind year-ago progress but is seven points ahead of the 5-year average.

January soybeans were last trading 3 ½ cents higher at $13.11 a bushel...

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Oct 31 9:33 AM, UB Newswires


Corn Harvest Up to 59% in Latest Crop Progress Report

The corn harvest as of Sunday, October 22nd, was up to 59% completion, according to the latest USDA survey. This figure is on par with year-ago progress and is ahead of the 5-year average by five points. Corn in the mature stage has reached completion.

Nearby corn futures were last trading 3 cents lower per bushel.

76% of soybeans have been harvested so far this season, up from 62% the week prior. This figure exceeds the 5-year average by 9 points but is behind the year-ago figure...

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Oct 24 9:57 AM, UB Newswires


Soybean Harvest Progressing at Rapid Pace in Latest Crop Progress Report

The corn harvest as of Sunday, October 15th, was up to 45% completion, according to the latest USDA survey. This figure outpaces 2022 progress by two points and is three points ahead of the 5-year average.

Corn in the mature stage is nearing completion at 95%. The condition of the corn crop was nearly unchanged from the previous week, with 29% rated fair, 43% good, and 10% excellent.

Nearby corn futures are trading 1 to 1 ¾ cents lower so far this morning...

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Oct 17 9:31 AM, UB Newswires


Corn and Soybean Harvests Both Up to 23% in Latest Crop Progress Report

Corn mature was up to 82% in the latest Crop Progress report, up from 70% the previous week and 7 points ahead of the 5-year average rate.

The corn harvest is up to 23% completion as of Sunday, October 1st. This is ahead of 2022 progress at this time as well as the 5-year average rate of 21%.

States leading the corn harvest include North Carolina with 86% of their harvest completed, Texas with 78%, and Tennessee with 58%...

The condition of the 2023 corn...

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Oct 3 9:58 AM, UB Newswires


Corn and Soybean Harvests Remain Ahead of 5-Year Avg

The corn harvest in the 18 major producing states made further progress last week and remains ahead of a year ago and the five-year average.

The same can be said about the soybean harvest. It is early in the harvest season and farmers may face weather-related delays that could slow their progress versus historic levels in the weeks ahead. 

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday at 15%, up from 9% the previous week and above 11%...

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Sep 26 10:18 AM, UB Newswires


Corn Harvest Slightly Outpacing Year-Ago and 5-Year Avg

Corn harvest in the 18 major producing states made further progress last week and is slightly outpacing a year ago and the five-year average.

The soybean harvest is one point ahead of the five-year average. However, it is early on in the harvest season and weather-related delays could slow farmers’ progress versus historic levels in the weeks ahead.

USDA data released Monday showed corn harvest in the top 18 producing states as of Sunday, September 17 at 9%, up from 5% the previous week and 7%...

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Sep 19 9:47 AM, UB Newswires


Russia and China Planning to Construct Bordering Grain Terminal 

Over the four-day Eastern Economic Forum held in Vladivostok, Russia from September 10-13, Chinese and Russian officials signed multiple deals to enhance trade flows between the two countries. 

This includes the construction of a new grain terminal, called the Grain Terminal Nizhneleninskoye-Tongjiang, as reported by the South China Morning Post. The terminal will help export food produced in the Ural Mountains, Siberia, and Russia’s Far East to China. 

The new logistics hub will be located between Vladivostok, a major port city in Russia, and China’s northeastern province of...

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Sep 14 9:30 AM, UB Newswires


The 2023 Corn Harvest Is Officially Underway

The week ending September 10th marked the first week of measurable corn harvest in the United States for 2023.

The USDA reports that 5 percent of this year’s corn crop has been harvested so far, which is on par with a year ago at this time and one point ahead of the 5-year average. Texas reports 62 percent of its corn crop has been harvested, while North Carolina has harvested 49 percent. Seven of the 18 primary corn-producing states have yet to begin their harvest activities...

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Sep 12 10:25 AM, UB Newswires


Hot and Dry Weather Boosting Crop Development in Corn Belt

In the latest Crop Progress report, corn conditions were downgraded with 53 percent now in good to excellent condition, down three points from the previous week. Corn rated in poor to fair gained those points, now totaling 41 percent.

Corn in the dough stage of growth is nearly complete at 93 percent, one point ahead of the 5-year average rate. Corn dented is up to 67 percent, beating the average pace by 2 percentage points.

Corn reaching the mature stage is reported at 18 percent, double that of week-ago progress and outpacing the 5-year average rate by two points...

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Sep 6 9:15 AM, UB Newswires


Corn Growth Slightly Ahead Average Rate; Conditions Downgraded

In the latest Crop Progress report, corn in the dough stage was reported to have reached 88%, which is slightly ahead of past progress benchmarks. Corn dented was up to 51% stage completion, ahead of the 5-year average of 49%.

Corn mature was reported at 9%. This beats out the 5-year average of 8% and 2022 progress of 7%. 13 of the 18 primary corn-producing states reported some level of matured corn in the latest report.

Corn conditions were downgraded two points from the previous week, with 56% in...

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Aug 29 10:18 AM, UB Newswires


Corn Conditions Slightly Downgraded; Soybeans Hold Steady 

In the latest Crop Progress report, corn in the dough stage was reported to have reached 78%, which is ahead of past progress benchmarks. Corn dented was up to 35% stage completion, also ahead of the 5-year average of 33%.

For the first time this season, we have figures for corn mature, at 4%. This is on par with the 5-year average and 2022 progress. 10 of the 18 primary corn-producing states reported some level of matured corn in the latest report.

Corn conditions were downgraded one point from the...

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Aug 22 9:45 AM, UB Newswires


Wheat Futures Rise Following Alleged Drone Attack on Moscow

Wheat futures on the Chicago Mercantile Exchange advanced by nearly 2% early Friday, boosted by mounting concerns over global supplies following an alleged drone attack on a building in central Moscow earlier in the day, according to media reports. 

December wheat reversed Thursday’s losses and narrowly surpassed $6.28 per bushel. This, however, was down sharply from its week-ago settlement price of $6.53 ¾ per bushel. Wheat prices have generally been on a steep downtrend since surging to $7.96 per bushel in late July, a five-month high... 

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Aug 18 7:05 AM, UB Newswires


Corn and Soybean Condition Ratings Improved in Latest Crop Progress Report

Corn conditions saw a modest improvement in the latest Crop Progress report. The USDA reported corn in good to excellent condition totaled 59%, up from 57% the previous week.

Corn in the silking stage was reported at 96%, on par with the 5-year average. Corn dough was up to 65%, two percentage points ahead of the 5-year average. Corn dented more than doubled progress from the previous week, at 18%. This matches the 5-year average and outpaces the year-ago progress of 15%.

Soybean conditions also saw improvements with 59% rated...

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Aug 15 9:31 AM, UB Newswires


Crop Development Progressing Ahead of Past Benchmarks

Corn conditions were unchanged in the latest Crop Progress report, with 57% in good to excellent ratings. 30% remained in fair condition.

Corn in the silking stage advanced to 68%, a 21 percent jump from the previous week and three points ahead of the 5-year average. Corn in the dough stage was at 16%, more than doubling week-ago progress and two points ahead of the 5-year average.

Grain futures including corn were sharply higher Monday, boosted by concerns over global grain supplies following Russian attacks on Ukraine's ports on the...

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Jul 25 9:45 AM, UB Newswires


Russia's Warning to Black Sea Bound Vessels Ignites Rally in Wheat Futures

Wheat futures on the Chicago Mercantile Exchange climbed to multi-week highs Wednesday after Russia's Defense Ministry announced that any vessel bound for Ukranine's Black Sea ports will be viewed as potential carriers of military cargo, starting tomorrow. 

"From 00:00 am Moscow time on 20 July 2023 (2100 GMT), all vessels on the Black Sea sailing to Ukrainian ports will be regarded as potential carriers of military cargo," according to a Telegram post released by the defense ministry. "The flag states of these vessels will...

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Jul 20 8:12 AM, UB Newswires


Crop Condition Ratings Increase; Futures Choppy Following Grain Deal Expiration 

In the latest Crop Progress report, the USDA shows corn conditions were modestly altered to reflect a combined 13% in poor to very poor condition, compared to 14% the previous week. 30% of corn is rated fair, while 57% ranges good to excellent, up 2 points from a week ago.

Corn in the silking stage was up to 47% complete, compared to the 5-year average of 43%.

This week's report also showed preliminary figures for corn dough—which is the stage of growth when about half the kernels are...

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Jul 18 9:32 AM, UB Newswires


Grain Futures Fall Following Latest WASDE Report

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA outlook for 2023/24 U.S. corn calls for fractionally larger supplies and ending stocks.

Production for 2023/24 is forecast 55 million bushels higher as greater planted and harvested area from last month's annual Acreage report is partially offset by a 4.0 bushel reduction in yield to 177.5 bushels per acre.

Foreign corn production is projected fractionally higher with increases for Canada and Ukraine, which are partly offset by a reduction for the EU...

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Jul 12 1:36 PM, UB Newswires


Corn Conditions Only Modestly Improved; Soybeans Downgraded Slightly 

In the latest Crop Progress report, the USDA showed that corn in the silking stage doubled from the previous week, currently at 8%. The 5-year average rate is 9% and year ago progress stood at 7% in the current week. 13 of the 18 primary corn-producing states reported some degree of silking progress, as Colorado, Michigan, Ohio, Pennsylvania, and Wisconsin have yet to report silking figures.

Following rainfall over the weekend, corn conditions were only modestly adjusted in the latest week, with 34% rated fair and 43% good, up from 42% the week prior. 8% was rated excellent...

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Jul 5 9:31 AM, UB Newswires


Corn Crop Progressing to Growth Stages; Conditions Fall Again

In the latest Crop Progress report, corn throughout the 18 primary production states has completed the emergence phase and is now into the silking stage of growth. Corn silking is at 4% for the week ending June 25, on par with the 5-year average.

The condition of the 2023 corn crop declined for a third straight week with a combined 50% in good to excellent condition, down 5 points from the week prior. 35% is in fair condition. A combined 15% is considered poor to very poor, versus 12% the...

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Jun 27 6:42 AM, UB Newswires


Grain Markets Rebound from Weather-Related Sell-Off Late Last Week

The grain markets have whipsawed in recent days as traders monitor weather conditions in the Midwest and await the upcoming USDA acreage report. The annual report from the government indicates acreage by planted and/or harvested areas by state for various crops including corn, soybeans, and wheat.

Forecasts for much-needed rain in the Midwest contributed to a sell-off in corn and soybean futures late last week, with December corn plummeting by over 32 cents on Friday after climbing to a multi-month top...

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Jun 26 9:46 AM, UB Newswires







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