Category: Grain Express
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Drought Monitor and Root Zone Moisture Map Updates
The updated weekly drought monitor showed weekly improvements for areas in Illinois and Indiana. Below is an updated look at the root zone soil moisture map, for July 15th. Below that is the map from July 1st. In shorty, you can see vast improvements (of drought conditions) from July 1st to July 15th for much…
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6-10 Day Temperature and Precipitation Outlook Update
Below is an updated look at the 6-10 day weather outlook for the U.S. Much of the Grainbelt looks to be setup for near normal temperatures with chances for above normal precipitation.
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Weekly Export Sales Snapshot
Corn: Net sales of 437,800 MT (17,235,419 bushels) for 2023/2024 were down 19 percent from the previous week and 10 percent from the prior 4-week average. This was below the low end of expectations. Net sales of 485,700 MT (19,121,159 bushels) for 2024/2025. This was above the top end of expectations. Soybeans: Net sales of…
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December Corn Seasonal Snapshot
December corn futures were under heavy pressure through the month of June and the first week of July, but over the last 10-days, the market has been consolidating in a sideways trade as it attempts to carve out a near term low. To illustrate this, we zoom in to a one-hour chart of December corn…
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Corn Futures Prices Rally
Need help navigating the markets and designing a hedge strategy tailored to you? Our team is here to help! Get all of Blue Line Ag Hedge’s insights, alerts, recommendations, and more delivered to your inbox! Click Here to Learn More! Friday’s Commitment of Traders reports showed little change in Fund positioning from the previous week as…
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A Mixed Morning Ahead of USDA Report
Estimates for today’s USDA report, set to be released at 11:00am CT. Need help navigating the markets and designing a hedge strategy tailored to you? Our team is here to help! Get all of Blue Line Ag Hedge’s insights, alerts, recommendations, and more delivered to your inbox! Click Here to Learn More! Corn Technicals (May) May…
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A Closer Look at the Wheat Market
There’s been a lot of attention on corn and soybeans recently and rightfully so as it’s such an important time of year for South American production and soon to be North American production. What’s been under reported on by analysts is the wheat market. Although it isn’t necessarily a “sexy” season for wheat, there are…
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Grains Gain Overnight
Corn May corn futures were able to defend our pivot pocket in yesterday’s trade and are now flipping the script and knocking on the door of the 20-day moving average, which we haven’t been able to close out above once this year. If the overnight strength is confirmed through the floor open and holds through…