More Beans and Cotton, Less Corn and Wheat

Cindy Zimmerman

The first estimate for crop plantings this year by USDA is calling for less corn and wheat but more soybeans and cotton. The 2017 Prospective Plantings report based on farmer surveys estimates that corn planted area for all purposes in 2017 will be 90 million acres, down 4 percent or 4.0 million acres from last year. Soybeans planted area for …

Audio, Corn, Cotton, MGEX, Soybean, USDA, Wheat

MGEX Breaking Records

Cindy Zimmerman

MGEX reached its highest open interest total of all-time yesterday, closing the day at 91,935 and surpassing the previous record by more than 1,300. It is the best open interest total in the 135 year history of the Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO). Each day of the last two weeks has been a top three day, …

Futures, MGEX

Big Crops Get Bigger

Cindy Zimmerman

USDA increased the numbers for corn, soybeans, cotton and oranges in the latest crop production forecast out Wednesday. Corn production is now forecast at 15.2 billion bushels, up one percent from the October forecast and 12 percent higher than last year with yields expected to average 175.3 bushels per acre, which will be the highest yield and production on record. …

Audio, Corn, Cotton, MGEX, Soybean, USDA

MGEX To Auction Historic Cash Tables

Kelly Marshall

MGEX is auctioning off seven antique cash tables in a public, online auction this month. The tables being offered are over a century old and were used on the historic trading floor of the Minneapolis Grain Exchange, now just known as MGEX, which was established in 1881 and is celebrating 135 years this year. From October 10 through October 28, …


Record #Corn and #Soybean Crop Forecast

Cindy Zimmerman

USDA’s first crop production forecast based on actual field data is predicting some bin-busting crops this year. Corn production is forecast at 15.2 billion bushels, up 11 percent from last year. Based on conditions as of August 1, yields are expected to average 175.1 bushels per acre, up 6.7 bushels from 2015. If realized, this will be the highest yield …

Audio, Corn, MGEX, Soybean, USDA

Record #Soybean, Higher #Corn Acres Planted

Cindy Zimmerman

USDA’s National Agricultural Statistics Service (NASS) planted acreage report for this year estimates record soybean plantings and increased corn acres over last year. The report estimates U.S. soybean planted area at a record high 83.7 million acres, up 1 percent from last year, while corn growers increased their acreage from last year by 7 percent to 94.1 million acres, making …

Audio, Corn, MGEX, Soybean, USDA

Corn Up, Soybeans Down in #USDA Report

Cindy Zimmerman

The 2016 Prospective Plantings report out today from USDA’s National Agricultural Statistics Service (NASS) shows farmers expect to plant more corn and less soybeans this year. U.S. corn growers expect to plant 93.6 million acres to corn this year, the first increase in corn planted acreage since 2012 and, if realized, will be the third largest corn acreage since 1944. …

Audio, Corn, Cotton, Markets, MGEX, Soybean, USDA, Wheat

MGEX Sets New Open Interest Record

John Davis

MGEX has set a record for its highest open interest total in its 135-year history. This news release from the trading organization said it closed the day Tuesday at 82,279. This breaks the previous record of 82,056 set on April 17, 2014. The Exchange has seen an increase in open interest each of the past seven days and has now …

Markets, MGEX

MGEX Boasts Record Year

Joanna Schroeder

MGEX has concluded its best year with new annual highs in both total volume and electronic volume. Total volume finished the year with 2,315,186 contracts traded, surpassing the previous record set in 2014 by six percent. During the year, MGEX reported five separate months of volume greater than 200,000, doing so for the first time in Exchange history. Of the …

Markets, MGEX