Farmers Intend to Plant Less Corn and Soybeans in 2018

Cindy Zimmerman

U.S. farmers are expected to plant more soybean acres than corn but overall intentions are down slightly from the record year in 2017, according to the Prospective Plantings report released today by the USDA’s National Agricultural Statistics Service (NASS). Producers surveyed across the United States intend to plant an estimated 89.0 million acres of soybeans and 88.0 million acres of …

Audio, Corn, MGEX, Soybean, USDA, Wheat

MGEX Records Highest Volume in 2017

Carrie Muehling

MGEX recorded its highest calendar year volume in 2017 at 2,803,549 contracts. This number broke the previous record set in 2015. In addition, MGEX options volume for 2017 nearly doubled the preceding record of 61,226 contracts set in 2002. The Exchange also set a new annual electronic volume record with numbers 22 percent higher than the previous one. The best …

Markets, MGEX

USDA Forecast Optimistic Despite Conditions

Cindy Zimmerman

U.S. farmers are expected to produce a record-high soybean crop this year, according to USDA’s August Crop Production report released Thursday. Soybean production is forecast at 4.38 billion bushels, up two percent from last year, while corn growers are expected to decrease their production by seven percent from last year, forecast at 14.2 billion bushels. Soybean yields are expected to …

AgWired AgNewsWire, AgWired Energy, AgWired Precision, Audio, Corn, MGEX, Soybean, USDA, Wheat

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, …

MGEX

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