Entries by Grain Marketing Team

La Niña is coming: Here’s what it means for commodity markets

MCHENRY, Ill. — If the La Niña weather phenomenon that’s forming in the equatorial Pacific Ocean reaches fruition, be prepared for wild commodity market rides. La Niña impacts weather patterns worldwide and is associated with cooler, wetter conditions along the U.S.-Canadian border and warmer, drier conditions in much of the southern U.S. The phenomenon is […]

USDA Throws Corn a Curve Ball

Divide Between USDA, Trade Yield Estimates Mostly Due to Different Methodologies In a ballgame eerily similar to last year, USDA threw a curve ball at the corn market Thursday. But unlike last August when the bulls were able to hit that bearish offering and close higher, this year they clearly swung and missed.

Monsanto terminates agreement for sale of Precision Planting LLC equipment business

San Francisco, California, USA – The Climate Corporation, a subsidiary of Monsanto Company (NYSE: MON), today announced Monsanto’s termination of their agreement with Deere & Company for the acquisition of the Precision Planting LLC equipment business. The agreement was announced in November 2015, and closing has been delayed by Department of Justice concerns with the […]

Winter wheat condition holds for second week

The condition of the U.S. winter wheat crop held steady for the second straight week this past week. Monday’s USDA crop progress report put the condition of the nationwide crop at 54% good to excellent as of Sunday, unchanged from a week earlier and 7 points behind last year. Crops in Kansas and Oklahoma were […]

Weak El Niño may mean wetter than normal summer Midwest weather

Commodity weather group forecasts wet summer will boost corn, soybean yields. A weak El Niño pattern will develop in the Pacific, meaning there’s the likelihood of a wetter summer in the Midwest, Commodity Weather Group, the Bethesda, Maryland-based forecaster, said in a seasonal report Tuesday. The wetter-than-normal weather likely will have a negative effect on planting but […]