The USDA surprised with higher U.S. corn acres than expected but both 25/26 corn and soybean ending stocks were not that much removed from last months forecast with slightly lower yields.
The North Dakota farmer fears the triple 40’s – 40% moisture, 40-pound test weight and 40 bpa! The last time was 2005 and this past weekend both corn and soybeans got smoked in far western North Dakota near Bismarck and northern parts of South Dakota.
USDA crop progress reports showing IA corn at 80% G-E and WS at 82% G-E is overstating the crops condition. Farmers harvested soybeans in ECB on Sept. 9th at 16% moisture.
Illinois and Indiana had record nighttime temps in 2025.
AgRural is forecasting a record 180.92 mmt crop for Brazil in 2026 a 5.3% jump to 6.6 billion bushels!
South America looks dry though mid October forecasting no early monsoons?
And so does the U.S. ECB as the “flash” drought turns 90-days long!
Some more good news for canola as on headline news that a meeting with Canadian and Chinese officials as constructive and could lead to a pragmatic solution.
Plus, a U.S. delegation in China this past week may lead to a meeting with Trump/Zi in Mid-November at the Apec Summit and result in a trade deal.
Cattle futures plunged this past Tuesday, but a correction was needed as the funds overshot the mark short-term.
?
The North Dakota farmer fears the triple 40’s – 40% moisture, 40-pound test weight and 40 bpa! The last time was 2005 and this past weekend both corn and soybeans got smoked in far western North Dakota near Bismarck and northern parts of South Dakota.
USDA crop progress reports showing IA corn at 80% G-E and WS at 82% G-E is overstating the crops condition. Farmers harvested soybeans in ECB on Sept. 9th at 16% moisture.
Illinois and Indiana had record nighttime temps in 2025.
AgRural is forecasting a record 180.92 mmt crop for Brazil in 2026 a 5.3% jump to 6.6 billion bushels!
South America looks dry though mid October forecasting no early monsoons?
And so does the U.S. ECB as the “flash” drought turns 90-days long!
Some more good news for canola as on headline news that a meeting with Canadian and Chinese officials as constructive and could lead to a pragmatic solution.
Plus, a U.S. delegation in China this past week may lead to a meeting with Trump/Zi in Mid-November at the Apec Summit and result in a trade deal.
Cattle futures plunged this past Tuesday, but a correction was needed as the funds overshot the mark short-term.
?
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