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Crop Progress: Winter Wheat at 50% Good-Excellent Condition

For the week ending Nov. 5, 2023, there were 5.8 days suitable for fieldwork, according to the USDA's National Agricultural Statistics Service. Topsoil moisture supplies rated 21% very short, 29% short, 48% adequate and 2% surplus. Subsoil moisture supplies rated 26% very short, 37% short, 33% adequate and 4% surplus.

Field Crops Report:

Corn harvested was 84%, behind 89% last year but ahead of 78% for the five-year average.

Soybeans harvested was 95%, behind 100% last year and near 96% average.

Winter wheat condition rated 3% very poor, 12% poor, 35% fair, 39% good and 11% excellent.

Sorghum harvested was 82%, near 85% last year and 79% average.

Pasture and Range Report:

Pasture and range conditions rated 6% very poor, 11% poor, 27% fair, 39% good and 17% excellent.

Source : unl.edu

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.