Corn futures closed out the Monday session with contracts up 5 to 7 cents across most front months, as USDA’s carryout projections offset record US yield estimates with improved demand. The much-awaited USDA Crop Production report showed national yield pegged at 183.1 bpa according to the NASS survey, up...

Corn Gets Reversal on Friendlier Carryout

With the USDA cancelling its regularly scheduled July cattle inventory report due to budget cuts, a question that many would like to have answered is: How big is the U.S. cattle herd?. Fortunately, historical relationships between changes in prior and subsequent inventories and levels of cow slaughter in between or...

How big is the U.S. cattle herd?

Illinois State

According to the USDA’s Crop Progress report released August 5, 81% of Illinois’ corn and 75% of the state's soybeans were rated Good to Excellent as August began. Plus, progress is ahead. Here, two agronomists take a closer look at the numbers, disease control, and outlook. Corn condition...

What’s going on with Illinois’ corn and soybeans?

Lean hogs settle the Monday session with contracts closing within 35 cents of unchanged in the nearbys. The USDA Daily Direct Hog report from the afternoon showed negotiated prices down $1.05 to $82.48. The CME Lean Hog Index was $91.90 on August 8, down 90 cents from the previous day.

Hogs Mixed to Close Monday

There’s a dearth of dairy replacements in the countryside. Dairy farmers began to understand that market reality in September 2023. As a result, U.S. dairy producers have sent fewer cows to slaughter for 46 consecutive weeks dating back to September 3, 2023, in order to preserve dairy cow numbers.

Cull cows drop 397,000 head in 10 months

Wisconsin State

Texas State

USDA released its most recent Crop Progress report Monday, reporting for the first time this season which states had corn at the dented growth stage. Here’s a closer look at which 12 of the top 18 corn-producing states had dented corn. Texas. According to USDA’s most recent Crop Progress...

12 states report dented corn

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Corn: 1 cent lower to 1 cent higher. Soybeans: 3 to 5 cents lower. Wheat: Winter wheat 7 to 9 cents lower; HRS 7 to 9 cents lower. GENERAL COMMENTS: Corn, soybeans and wheat each saw sustained selling pressure overnight though saw a modest bounce into the break. Positioning is likely to drive price action ahead of today’s USDA reports. Front-month crude oil futures extended higher overnight and are trading near this month’s highs while the U.S. dollar index continues to bounce from last week’s seven-month low.

Ahead of the Open | August 12, 2024

Today the USDA released the 20th Crop Progress report of the 2024 growing season. As of Aug. 11, 94% of the 2024 corn crop in the top 18 corn-growing states had reached the silk growth stage, the USDA says. This was up from 88% the week prior and is on par with the five-year average of 94%.

Corn and soybean conditions hold steady

Georgia State

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Daily Coffee Press

The chances for the tropical wave in the Atlantic developing have now risen to 80% over the next seven days. The National Hurricane Center (NHC) has advised that this disturbance could become the next tropical storm or hurricane within the coming days, potentially targeting the U.S. East Coast.

Tropical Wave That Could Impact Georgia Now Has 80% Chance of Development

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

The recent market has been brighter than bright for dairies selling dairy-beef crossbred calves. It is not unheard of for these day-old calves to bring $600 to $700 or more, significantly more than full dairy calves. As the saying goes, though, past performance is no guarantee of future success. “No...

What’s your marketing plan for beef-on-dairy calves?

The August World Agricultural Supply and Demand Estimates (WASDE) report is due Monday, Aug. 12. Here is some context for the corn, soybean, and wheat markets, and what we at Grain Market Insider will be looking for in the updated balance sheets. Corn market expectations. July’s reduction in the USDA’s...

What you should know ahead of the August WASDE

The U.S. Energy Information Administration maintained its forecasts for 2024 and 2025 fuel ethanol production in its latest Short-Term Energy Outlook, released on Aug. 6. The outlook for fuel ethanol blending was also unchanged. RFA announces Enerflex and Skyven Technologies as new associate members. The RFA has welcomed Enerflex Ltd....

USDA: Ethanol exports reach nearly 146 million gallons in June

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The good news is that China has finally made a purchase of 2024 U.S. soybeans, but that news is tempered by the fact that it's their first and only purchase thus far. In a more typical year, the U.S. has counted on China to make several purchases by this time. Other than that, there’s been little in the way of good news for soybeans.

China finally enters 2024 soybean market

Budget constraints have caused the USDA to limit the number of reports it releases. Among these reports is the July cattle inventory report. However, there is enough historical context from which some conclusions may be drawn. Jason Franken from Western Illinois University has done the work in modeling these relationships.

Cattle Inventory Projections are Lower for 2025

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Coral Gables, FL

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Akeena

Big news from Coral Gables: a stunning waterfront property has just been sold for a jaw-dropping $17.45 million. If you’re into real estate or just love a good mansion story, you’ll want to hear this.

Billionaire Family Snaps Up Florida Mansion for $17.5 Million

(Reuters) U.S. natural gas futures touched an over two-week peak on Friday, aided by forecasts for hotter weather and higher demand for the next week. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 0.7 cent, or about 0.3%, at $2.13 per million British thermal units at 10:14 a.m. EDT (1414 GMT). The contract was up 8.3% so far this week.

U.S. Natgas Prices Hit Two-Week High on Hot Weather Outlook, Higher Demand Forecasts

NewsBreak

Soybeans close below $10 | Monday, August 12, 2024

November soybeans ended the day down 16½¢ at $9.86 a bushel. December corn closed up 6½¢ at $4.01½. September wheat closed mixed with CBOT and KC...

Soybeans close below $10 | Monday, August 12, 2024

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