FORT COLLINS, Colo. U.S. farmers should be close to wrapping up corn planting by now, but persistent wet weather has limited that progress to just shy of halfway by Sunday, the slowest in 40 years of records.
FORT COLLINS, Colo. Rain-driven planting delays for U.S. corn have been dragged out long enough to cause a noticeable rally in Chicago-traded futures, but speculators were not yet ready to shed their enormously bearish positions as of early last week.
FORT COLLINS, Colo. "Speculators increase bearish bets" is quickly becoming one of the most reusable headlines in Chicago-traded grains and oilseeds this year, and the title was applicable yet again last week as money managers’ combined net short position hit another record. (https://tmsnrt.rs/2LBXi4Z)
FORT COLLINS, Colo. Rising global supplies have been a major downer for corn market bulls over the last couple of months, and recent trade data suggests that U.S. supplies could build even further over the next year, potentially to multi-decade highs.
FORT COLLINS, Colo. The United States this year shipped a record volume of soybeans for the month of March, but that did absolutely nothing to prevent Chicago soybean futures from plunging to more than decade lows on Thursday on huge supplies and tensions with top buyer China.
FORT COLLINS, Colo. The soybean market has not had a whole lot going for it in the past year with ample supplies after years of large global crops, weakening demand out of China, and the U.S.-China trade war.
FORT COLLINS, Colo., May 5 Heavy world stocks,
trade conflicts, and demand disruptions have led speculators to
end April on a record bearish note across Chicago-traded grains
and oilseeds, and a sharp reversal in investor attitude anytime
soon seems unlikely.
FORT COLLINS, Colo. Heavy world stocks, trade conflicts, and demand disruptions have led speculators to end April on a record bearish note across Chicago-traded grains and oilseeds, and a sharp reversal in investor attitude anytime soon seems unlikely.
FORT COLLINS, Colo. May is typically the busiest month for U.S. corn planting, but many Midwestern farmers are sidelined waiting for the rain to stop and the fields to dry out after a record wet off-season.
FORT COLLINS, Colo. Crop scouts in Kansas are likely to observe one of the best winter wheat crops the state has ever produced, even though the plants are behind in maturity. Kansas produces about a quarter of all U.S. winter wheat, and current conditions are among the best in recent memory.