Traders end the week with an eye on Tuesday. September 8, 2023
A quiet end to the week was noted. corn trade was seen. The trade may be in neutral until Tuesday's USDA report.
Weekly export sales today cover Fri 8/25 – Thu 8/31 activity. The old crop marketing year is over, at least from the weekly data series that the Foreign Agriculture operates. As a reminder, this dataset does not include all exports. There is still a little unknown for the next few weeks. Weekly FAS data ends the old crop marketing year with 1.554 billion in shipments. The prior five years averaged out an extra 122 million bushels of non-weekly FAS exports. That could put it to 1.676. USDA’s WASDE export goal is 1.625. Allendale is officially +35 million over USDA WASDE at 1.660.
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Post Archives
Allendale Insider
Allendale Insider
On The Go
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Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
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Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
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Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
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Grains show export sales disappointment.
September 21, 2023
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Hogs surpass last week’s high.
September 20, 2023
On The Go
September 22, 2023
September 22, 2023
September 21, 2023
September 21, 2023
September 20, 2023
Market Movers
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December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
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Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
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Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
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Funds were aggressive sellers of 41K, now short 135K or 42% of record, solid harvest forecast.
September 18, 2023
Market Movers
September 22, 2023
September 21, 2023
September 20, 2023
September 19, 2023
September 18, 2023
Snapshots
Snapshots