USDA – Compared to two weeks ago, feed grade corn demand good, trading 5 cents higher with cash bids steady. Spot trade and forward contract activity light. Feed grade soybean demand and activity light with cash bids remaining steady. Light forward contract activity. Soybean meal and soybean oil trade too limited to trend, but steady undertones noted.
Spot market trade too limited on food and feed wheat to trend with cash bids mostly steady. Trade activity on feed grade oats, barley, rye, and triticale, but too limited to trend. Few trades on organic garbanzos and black eyed peas. Trade inactive on all other organic grains.
The NASS National Crop Progress Report for week ending Sept. 10, 2017, shows corn harvested 5 per cent; soybeans dropping leaves 22 per cent; sorghum harvested 24 per cent; spring wheat harvested 95 per cent; barley harvested 96 per cent; oats harvested 96 per cent; and winter wheat planted 5 per cent.
*To see the full market report courtesy of the USDA, click here.
*All prices listed in US dollars