Tag Archives: Harvest

Grain elevators face significant challenges in the year ahead as they buy basis on corn, soybeans and wheat at the highest levels seen in years, according to a new report.

CoBank reports basis for the three major grains is significantly tighter across the country from strong end-user bids, limited pipeline supplies, and lack of farmer selling amid an uncertain fall harvest. A CoBank researcher says, “grain elevators are being compelled to offer farmers a range of incentives to sell bushels,” including lower rates on storage, free delayed pricing and free grain drying, all cutting into elevator margins.

Grain quality issues resulting from high moisture at harvest and frost damage on immature crops will also raise management costs for elevators, potentially resulting in greater losses to shrinkage and spoilage. A propane supply shortage in some regions is also driving up the cost of drying grain.

However, grain elevators also have an opportunity to improve margins in an otherwise stressful year, as basis will likely soften as more bushels come to market as harvest operations conclude.

Another solid week on the cash cattle.  Could there be a correction headed our way?  Any holiday pressure that might work into.  How are cattle weights.  Holcomb KS plant to start back up this week.  How do you think the market react?  Funds are long.  Some red flags popping up.  Hogs…way to cheap but China is playing a role in that.  10% of corn crop still in the field.  Basis in corn market.   China on again off again.  December 15th…will we see changes before then? Mixed grain markets.

Lower close headed into the holiday.  Winter weather slows harvest once again & what are the implications.  South American weather & crop update.  Driest soybean in the past 4 decades but the crops look great.  Trade talks, USMCA-8 days left on the schedule.  If there is a will there is a way.  China talks.  Strong cash basis for corn & beans-some post-harvest feels. 124 million bushels of corn in NE…a lot more left as you head north.    Exports tighten in Brazil.   USDA put out a notice for export sales reporting of livestock.  ASF.

How do the corn and soybean markets currently look?
Is the slow harvest pace having an impact on the markets?
Does the market care if a Trade deal is done with China
Do you think a trade deal with China will get done before the next round of Tariffs on December 15th?
What do you hear coming out of the BRICS meeting a couple of weeks ago in Brazil?
How does South American Weather look?
How does corn demand look?
How does soybean Demand look?
Where do you think the market goes from here?

 As of Sunday, Nov. 24, 16% of the corn crop and 6% of soybeans were still in the field, according to USDA NASS’ latest Crop Progress report released Monday.

It’s because of that delay in bringing in the last of the crops that NASS announced last week it will continue to issue its weekly Crop Progress reports beyond the originally scheduled end date of Nov. 25. The agency said in a news release that it will evaluate the harvest progress for all crops each week to determine how long to continue the report.

Nationwide, the corn harvest slowed again last week, moving ahead 8 percentage points to reach 84% complete as of Sunday, 12 percentage points behind the five-year average of 96%.

“That is the slowest pace since 68% was harvested on Nov. 22, 2009,” said DTN Senior Analyst Dana Mantini. “North Dakota was only 30% harvested versus 23% last week, Michigan moved from 39% to 56%, Wisconsin rose from 44% to 57% and South Dakota went from 53% to 68% planted. Iowa is 86% and Illinois is 88% harvested.”

Soybean harvest also slowed last week, inching ahead only 3 percentage points to reach 94% as of Sunday. That was 3 percentage points behind the five-year average of 97%.

“The current soybean harvest progress is tied with both Nov. 22, 2009, and Nov. 24, 2018, as the slowest,” Mantini said. “Michigan and Wisconsin are the slowest, with soybean harvest at 80% and 82% done compared to averages of 94% and 97%, respectively. Illinois and Indiana are 95% and 94% done, while Iowa is 97% harvested.”

Winter wheat emerged was estimated at 87% as of Sunday, still 3 percentage points behind the five-year average of 90%. Winter wheat condition held steady at 52% good to excellent. That was slightly below last year’s good-to-excellent rating at the same time of 55%.

Sorghum harvested reached 97%, ahead of the five-year average of 92%. Cotton harvested was estimated at 78%, also ahead of the average pace of 74%.

To view the weekly crop progress report visit: https://usda.library.cornell.edu/concern/publications/8336h188j

Clay Patton has the audio report here:

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Harvested 84 76 93 96
Soybeans Harvested 94 91 94 97
Winter Wheat Emerged 87 83 85 90
Cotton Harvested 78 68 68 74
Sorghum Harvested 97 93 88 92

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Winter Wheat 4 10 34 41 11 4 10 34 41 11 3 10 32 45 10

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 5 12 66 17 5 13 65 17 3 7 69 21
Subsoil Moisture 5 13 67 15 5 14 66 15 5 11 67 17

Hong Kong, Bill in the Senate…how does that effect China Trade. Talks 3 b corn is still in the field, South American weather helping the crops.  USDA to continue crop progress reports into the near future.  Spread of ASF continues in China & beyond.  The need for food to feed those in China

 

Corn harvested was 76% and soybeans harvested was 91% as of Sunday, Nov. 17, according to this week’s USDA NASS Crop Progress report.

Winter wheat was 95% planted, 83% emerged and was rated 52% in good-to-excellent condition.

To view weekly crop progress reports issued by National Ag Statistics Service offices in individual states, visit http://www.nass.usda.gov/….

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Harvested 76 66 89 92
Soybeans Harvested 91 85 91 95
Winter Wheat Planted 95 92 92 95
Winter Wheat Emerged 83 78 80 86
Cotton Harvested 68 62 58 66
Sorghum Harvested 93 88 79 87

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Winter Wheat 4 10 34 41 11 3 10 33 43 11 2 9 33 46 10

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 5 13 65 17 4 12 66 18 3 7 68 22
Subsoil Moisture 5 14 66 15 5 14 66 15 5 10 67 18

Turn Around Tuesday-sort of. Market deals with outside market pressure from lack of talks from China. Pushes coming to D.C. to move forward with USMCA. Harvest delays, planting progress in South America. Cattle market could continue to move higher in the weeks ahead. Worries of heavier cattle coming to market. Hogs have seen some struggles.

 

Corn harvested was 66% and soybeans harvested was 85% as of Sunday, Nov. 10, according to this week’s USDA NASS Crop Progress report. The report, which is normally released on Mondays, was delayed until Tuesday due to the Veterans Day holiday.

Winter wheat was 92% planted, 78% emerged and was rated 54% in good-to-excellent condition.

To view weekly crop progress reports issued by National Ag Statistics Service offices in individual states, visit http://www.nass.usda.gov/….

Clay Patton has the report details here.

National Crop Progress Summary
This Last Last 5-Year
Week Week Year Avg.
Corn Harvested 66 52 83 85
Soybeans Harvested 85 75 87 92
Winter Wheat Planted 92 89 88 92
Winter Wheat Emerged 78 71 76 81
Cotton Harvested 62 53 53 59
Sorghum Harvested 88 78 72 80

**

National Crop Condition Summary
(VP = Very Poor; P = Poor; F = Fair; G = Good; E = Excellent)
This Week Last Week Last Year
VP P F G E VP P F G E VP P F G E
Winter Wheat 3 10 33 43 11 4 9 30 45 12 3 9 34 45 9

**

National Soil Moisture Condition – 48 States
(VS = Very Short; SH = Short; AD = Adequate; SR = Surplus)
This Week Last Week Last Year
VS SH AD SR VS SH AD SR VS SH AD SR
Topsoil Moisture 4 12 66 18 5 11 63 21 3 8 66 23
Subsoil Moisture 5 14 66 15 5 14 65 16 5 11 65 19

Weather trying to help the last of the harvest…colder temperatures moving in will solidify fields.  Lower corn & soybeans.  Is the China Phase one being pushed off till December?  Odds are stronger it will be completed in 2019.  Friday WASDE report.  Brazil to get good rains. Propane shortages?  ASF-China has reopened the door to Canadian hogs & purchases from Europe-needing meat.