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Evening Report | October 21, 2021

Drought builds in West Texas; extended forecast calls for warm, dry weather in the Southern Plains through January.

drought
Mild drought degradation in West Texas, improvements in other areas

The U.S. Drought Monitor as of Oct. 19 showed some drought improvement in areas of the Southern Plains, but there were areas in West Texas that saw a one-category degradation in drought conditions during the week.

Unfavorable extended forecast for HRW areas

Above-normal temps are expected across the entire Southern and Central Plains for November through January, with below-normal precip over much of Oklahoma and all of Texas.

Soybean export sales top lofty expectations

China was the lead buyer of U.S. soybeans on the week at nearly 1.9 MMT.

First Thing Today: Grain, soy futures pull back from recent gains

Soybean led the price pullback overnight after recent, strong gains.

markets-up
Midweek Cash Markets | October 20, 2021

Corn and soybean basis both slipped as harvest continues to progress faster than normal and yields are big.

Evening Report | October 20, 2021

Economic growth continues, but slowing; agriculture conditions mixed.

Cattle on Feed Report preview

The report is expected to show larger placements again for September.