The November WASDE will be released tomorrow at 11am CT.
• The average trade estimate looks for corn production at 15.971 billion bushels at a 180.4 bpa yield, both slight reductions from October.
• For soybeans, the average trade guess pegs production at 4.559 billion bushels at a 53.5 bpa yield, a slight uptick from last month.
Stay tuned for more updates at waterstreetag.com
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PM #AgriTalk - @iwatchcorn @profarmer news. Nick Tsiolis @FarmersKeeper cash grains. @Frye_WSS @WaterStreetAg talks #grain, #livestock futures post election. Cary Artac @ArtacAdvisory @wickedstocks has stocks/technical analysis. @AgDayTV @USFarmReport
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Weekly Export Sales
Full report found at waterstreetag.com!
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11/4/26 Market Talk Darren Frye Water Street Solutions youtu.be/DvU8m_RcNQQ?si=ozob… via @YouTube
Water Street Solutions retweeted
#MarketsNow @FarmJournal YouTube: @Frye_WSS @WaterStreetAg says #grain and #livestock futures see commodity wide speculative selling. What caused the bloodbath and are #grains close to a bottom? @AgDayTV @USFarmReport @agritalk
youtu.be/1spZXX7u3-8?si=GJAh…
Yesterday's Crop Progress report showed corn harvested increased +14 points from last week to 74% complete, slightly behind the 5-year average pace, while soybean harvest is ahead of average at 88% complete. Winter wheat planting is essentially even with the 5-year average at 83% planted, with the first condition rating of the season at 44% g/e.
Full report found at waterstreetag.com!
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Closing Comments (11/2)
#corn - Sank from early highs but managed a positive close, +½ (Dec).
• The USDA announced a flash sale this morning to Mexico totaling 1.73 million MT, with 1.135 million MT for delivery during the 26/27 marketing year and 594,360 MT for 27/28. Reports say this sale was the biggest single-day sale in 2 years, and the 9th largest on record.
#soybeans - Were heavy to start the week, -17½ (Jan).
• There was a flash sale of 136,000 MT to China this morning. Export inspections were large, beating expectations at 2.445 million MT. Between China and unknown destinations, US purchases are estimated near 20 million MT of the 25 million MT commitment.
#wheat - Barely hung on to remain positive for the day. Chicago SRW +3, KC HRW +1¾, and Minneapolis HRS +1¼ (Dec)
• Even with the rumors of peace talks ramping up, strikes between Russia and Ukraine continue as both sides are targeting energy and oil production. Even Ukraine’s alternate export routes for ag products are having difficulties, as the Sulina Canal that feeds shipments in the Danube River has been closed due to bad weather.
#cattle - Started higher but reversed quickly, -1.250 (Dec).
• Cash trade softened in every region last week: $224-225 in the South, down $5-6, $224 in Nebraska and $219 in Iowa-Minnesota, pulling the 5-area northern weighted average to $223.96 from $227.35. The Choice cutout closed Friday -$2.62 lower at $364.66.
#hogs - Rejected higher prices early, -.700 (Dec).
• The national base price fell -$3.50 Friday to $60.29, roughly -$6 lower on the week, with the Eastern Cornbelt averaging $58.38, -$14 below the prior week.
For full report, visit waterstreetag.com!
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FLASH SALE - USDA reported private sale of 120,000 mt of #soybeans to unknown destinations during the 26/27 MY.
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Yesterday’s Crop Progress report showed a solid jump in harvest pace for both corn and beans, moving +16 and +15 points higher, respectively. Soybean harvest has surpassed the previous 5-year average pace 79% complete, while corn still lags at 60% complete. Winter wheat planting is on par with the average pace at 76% complete.
Visit waterstreetag.com for the full report!
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Weekly Export Sales with Flash Sale of 202,000 mt of #soybeans to China for the 26/27 MY
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Yesterday’s Crop Progress report showed corn harvest at 44% complete, jumping +11 points from last week but still behind the 5-year average. Soybean harvest moved +18 points higher to 64% complete, catching up to average pace. Winter wheat is running slightly behind average at 63% planted with 39% emerged.
View full report found at: app.waterstreetag.com/conten…
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FLASH SALE - USDA reported private sale of 612,000 mt of #soybeans for delivery to China during the 26/27 MY.
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PM #AgriTalk - @iwatchcorn @profarmer news. Nick Tsiolis @FarmersKeeper cash grains. @Frye_WSS
@WaterStreetAg with #grain market analysis. @DryCedarFarms @Allendale_inc on #livestock. @AgDayTV @USFarmReport @FarmJournal
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