Hedge Plus Reports

Strong ethanol production data today. Last week's production of 327 million gallons is a 10 week high. At 15.94 million corn bushels used each day, we were a full million bushels/day over the rate needed (14.9mb) to reach the USDA's forecast of 5.5 billion bushels for the year

Brazil hasn't really had any corn to spare. Thus a significant uptick in buying from the U.S.

13 million bushels of corn to our friends to the south...

"Private exporters reported sales of 330,000 metric tons of corn received in the reporting period for delivery to Mexico during the 2025/2026 marketing year"

Just as Russia's production issues present themselves in higher prices, China begins turning away imports. Poor, poor wheat. Talk is that eased tariff war fears are responsible for the current rally. In that case, thanks for the gift! We've been downplaying the fears for months

Most heavily traded grain contracts at settlement...

Market (especially algos and tech money) loving positive trade developments and building weather risks...

Mar CORN: up 5¾ cents to $4.94½

Mar SOYBEANS: up 16¾ cents to $10.75

Mar WHEAT: up 10¼ cents to $5.77

This is pretty significant progress in the past week despite the persistent rains there...

It's International Farmers Day and what a great reminder that at the end of the day, we've got a whole world to feed. And no country can do it all alone. Trade deals will be made and trade wars will fall away. We can all win

REUTERS: Mixed bag with U.S. winter wheat as ratings improves in places like Kansas and Montana, while Oklahoma, Colorado, and Nebraska declined. "About 24% of the winter wheat crop nationally was in an area experiencing drought as of Jan. 28, up from 23% the previous week."

5.2 million bushels of corn to South Korea...

"Private exporters reported sales of 132,000 metric tons of corn for delivery to South Korea during the 2024/2025 marketing year"

For those shedding tears for Canada, it's important to know that they have had massive tariffs on U.S. goods for decades. Trump asked both Canada and Mexico to act to stop the flow of undocumented immigrants and Fentanyl into the U.S. and neither would commit