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Delayed Pricing for Corn, Beans & Wheat
FREE Starting 1/3/2023
GRAIN REPORTS:
Click Here for the 2024 Agricultural Report Calendar.
Weekly Export Inspections: Monday (10:00am)
Weekly Export Sales: Thursday (7:30am)
Weekly Ethanol Production: Wednesday (9:30am)
USDA Drought Monitor: Thursday (7:00am)
MORNING COMMENTS:
Wednesday April 24th, 2024
Next Monday (April 29th) is the last day for May 24 futures (Corn, Beans, & Wheat).
Corn +1
Corn futures were mixed with a small range of 3 cents. May 24 futures are trading between its 10-day and 100-day moving averages. December 24 futures are trading between its 20-day and 100-day moving averages. US corn news is limited. The market continues to watch US planting progress with planters moving along west of the Mississippi River while east of the Mississippi is having rain delays. The updated NOAA maps are calling for widespread rain showers in the 7-day window.
Beans +1
Bean futures saw small gains on the overnight session. May 24 futures are trading between its 10-day and 20-day moving averages. November 24 futures are trading between its 20-day and 50-day moving averages. US bean processor bids held steady other than a few plants in Iowa and Minnesota. US bean planting progress are more along ahead of the rain showers coming up this weekend. Brazil is focusing on finishing up their harvest and shipping out their crop. Argentina’s bean harvest is moving below the average pace.
Spring Wheat -4
Winter Wheat -1
Wheat futures wer3e mixed this morning, but closed lower. Mpls July 24 futures are trading between its 50-day and 100-day moving averages. KC July 24 futures are trading above its 100-day moving average of 6.03’2. US weather forecasts are calling for rain showers in Kansas and the rest of the Central and Southern Plains. This should help keep winter wheat G?E ratings steady next Monday. The Black Sea region has some chances for rain in their forecasts to help ease some of their drought stress.
Hallie T
Crop Progress Report Apr 22nd
Corn Planted at 12% > 10% Avg
Soybeans Planted at 8% > 4% Avg
Spr Wheat Planted at 15% > 10% Avg
NOPA Soybean Crush for March
196.41 < 197.78 Est
Soy Oil Stocks
1,851 bil lbs > 1.792 Est
USDA Crop Report 4/11/24
Ending Stocks
Corn 2.122 > 2.102 Est / Mar 2.172
Beans 340 > 317 Est / Mar 315
Wheat 698 > 690 Est / Mar 673
Soybean Exports Cut 20m
Corn Ethanol up 25m
Corn Food/Seed/ Ind. up 25m
World Ending Stocks
Corn 318.3 > 316.7 Est / Mar 319.6
Beans 114.2 > 113.7 Est / Mar 114.3
Wheat 258.3 < 259.1 Est / Mar 258.8
Argentina / Brazil Production
Brazil Beans 155 > 151.7 Est / Mar 155
Brazil Corn 124 > 121.75 Est / Mar 124
Argentina Beans 50 < 50.48 Est / Mar 50
Argentina Corn 55 < 55.6 Est / Mar 56
CONAB Brazil Production Est. 4/11/24
Beans 146.52 MMT < 146.86 MMT Feb
Corn 110.96 MMT < 112.76 MMT Feb
Safrina Corn 85.62 MMT < 87.35 MMT Feb
Dr. Cordonnier Crop Estimates
Brazil Corn 112 MMT
Brazil Beans 147 MMT up 2
Argentina Corn 50 MMT down 3
Argentina Beans 51 MMT
West-Con has Three Shuttle Loading Locations
APPLETON, MN
Hwy 119 S 458 Munsterman St.
Appleton, MN 56208
Scale Ext 1401
Elevator has 3.45 million storage
110 car shuttle loader
Twin Cities & Western
UP, CP & BNSF Railways
HOLLOWAY, MN
520 County Rd 9
Holloway, MN 56249
Scale Ext 1217
Elevator has 8.6 million storage
110 car shuttle loader on BNSF
TWIN BROOKS, SD
47229 US Highway 12
Twin Brooks, SD 57269
Scale Ext 1305
Elevator has 8.3 million storage
110 car shuttle loader on BNSF
GRAIN MARKETING TEAM
Joe Meyer Grain Dept Manager
Chris Aasland Grain Marketing
Hallie Tolzin Grain Marketing
Will Stegner Grain Marketing
Brenda Wilson Grain Accounting
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