For weather that effects crops(harvest for corn/beans) (planting for Winter wheat), go here:
Export inspections. Pretty good for corn, ok for beans/wheat:
Corn 10 year charts
CZ made new lows last week at 342.5 but has bounced back. Now 17c off the lows but 59c off the late May highs. Weather is not so good for harvest. More wet weather ahead. Charts below are for the front month. Are the lows in now?
Corn historical perspective:
Who remembers $8 corn not so long(5 years) ago
3 month below December contract
1 year below
5 year below
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Soybeans 10 year charts below
New low for SX last week at 812.25 but we've bounced back! Did we make an early season low?
In August the USDA fed the market one of the most bearish crop reports ever. 2019 to have the highest stocks in history!
Outstanding August weather has increased the crop size even more.
Harvest pressure and negative seasonals are typical right now BUT wet weather has offset some of that bearishness. Tariff news is an extreme wild card........as we saw last Tuesday.
These are still at close to 10 year lows and over $2.15 below the $10.60 late May highs.
Soybeans: Wider perspective: Currently at 10 year lows !!!!!
Charts November contract.
Soybeans 3 months below......bottom in.
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Soybeans 1 year chart below
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Soybeans 5 years below
Soybeans10years-Wow, look at that high from the drought of 2012...and demand, Currently, we are below the 10 year lows!
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Crop condition report:
https://release.nass.usda.gov/reports/prog3918.txt
Nothing exciting at this time of year, however corn and bean condition went up 1% in the excellent category.
Harvest has been faster than average because the crop was planted in timely fashion and matured faster than average with the heat in the first half of the Summer.
However, harvest will really start slowing down now with the next 2 weeks looking pretty wet in most of the Cornbelt.
Pretty good progress on Winter wheat planting except for Montana, that really needs their crop planted soon to get established............but the weather will be horrible for that, so it looks like alot of HRW in MT will not get planted this year.