Fundamentally Speaking

U.S. wheat export sales and shipments as of the first week of March as a percent of the USDA's March WASDE export projection vs. the percent change in U.S. wheat exports from the March WASDE projection to the final figures and new crop wheat sales.

U.S. corn planted area changes from the February USDA Ag Outlook projection (AO) to the end of March planting intentions report, then to the June acreage report, then to the final figures given in January vs. the percentage change from the March prospective plantings...

The USDA Ag Outlook (AO) estimates for the major crop planted acreage vs. the total of all three and the final tally of all three major crops (corn, soybeans and all-wheat).

Volume of exports as a percent of production for key U.S. crop commodities over the past 15 years suggests that sorghum and soybeans have the most to lose with soybean meal also quite vulnerable though all markets will suffer.

Soybean sales and shipments as of the second week of February as a percent of the USDA's February WASDE export projection with those sales as a percent of the final figure vs. the percent change in U.S. soybean exports from the February WASDE projection to the final...

Soybean sales and shipments as of the second week of February as a percent of the USDA's February WASDE export projection with those sales as a percent of the final figure vs. the percent change in U.S. soybean exports from the February WASDE projection to the final...

Change in U.S. corn planted area from the USDA February Ag Outlook projections to the March intentions report and then those figures until the end of June Acreage summary vs. the new crop November soybean/December corn price ratio as of the end of March and as of the...

Percent change between the USDA Ag Outlook projections for corn and the final estimates for exports, yield and average farm price vs. percent difference for ending stocks

U.S. corn export sales and shipments as of the first week of February as a percentage of the February WASDE projection along with those sales as a percent of the final USDA export projection vs. change in the U.S. corn export projection from the February WASDE to the...

Change in the February WASDE U.S. ending corn, soybean, and wheat stocks from what was estimated a year earlier at their Feb USDA Ag Outlook vs the percent change.

The global corn situation continues to tighten.

Amount of U.S. corn sold, shipped and the shipped/sold ratio as of the fourth week in January as a percent of USDA's January export projection vs. the percent change in USDA's export projection from the January WASDE report to the final figures for the past 25 years.

Corn ear count populations vs. the slope of the corn yield changes

10-state objective corn ear population vs. the implied corn ear weight in pounds per ear.

Percent change in the 2024 corn and soybean yields for the top growing states and the U.S. from the September to the January report vs. the past year's August to October total precipitation as a percent of the 1895-2024 Aug-Oct average.

Monthly U.S. cash corn price as a percent of its respective rolling five-year averages; same for hog-corn, steer/heifer-corn, broiler-feed and milk-feed ratios.

Annual percent change for corn, soybean and Chicago wheat futures vs. the two-year percent change

As we end the year, we are seeing divergent price action in corn and beans. The outlook is far more bullish for corn than soybeans.

Soybean/corn futures price ratio on a per pound basis with the 25, 50 and 75% bands vs. the soybean/corn futures price ratio and the ratio of the monthly average farm price received per bushel price.

Change in the USDA's U.S. corn export projection from the November to the December WASDE reports vs. U.S. corn sales and shipments as of the first week in December as a percent of the USDA's December WASDE export projection.