BushelQ

BushelQ We help farmers protect margins, not chase prices.

Our consulting firm provides Dynamic Risk Management (DRM) tools and advisory services that adjust to market conditions, production realities, and individual farm goals.

04/15/2026

💼Mid-Week Market Update 💼:

Corn 🌽: We are seeing rather flat movement within the corn industry. Most funds are going to remain long for now - and basis is going to be carrying the weight as farmers are reducing their sales due to planting season just on the horizon. Current reports indicate that planting in Indiana, Illinois, and Kansas are the leaders currently with good progress on the move.

We've seen corn "divorce" itself from the crude market - as the war premium is already baked into the market. Crude was down today and corn was closed up 2 cents on the nearby futures. Unless we see a catastrophic event, markets will remain in our current area.

Beans 🫛: Soybeans are also sluggish - crush has been improving and the talks of China and the US coming to the table are still up in the air - it will be interesting to see if a meeting actually takes place due to current tensions or not. If the meeting is postponed or canceled that gives us a bearish undertone moving forward - but it is possible the meeting will happen and more exports may drive the market higher.

Overall, we are stuck in this kind of limbo currently - as the market is watching harvest progress in Argentina and Brazil and planting progress and weather in the United States.

Executing minimum price contracts or buying calls to create a floor and allow you participation in upward mobility if the market moves that way may not be a bad idea if you need cash-flow.

04/02/2026

📊Market Overview & Outlook📊:

Export Sales: Corn sales were well within the expectations of 45 million bushels this week. Soybeans were lower at 13 million bushels - which makes sense seasonally.

Soybeans will be watching the mid-May meeting between Trump and Xi to potentially get more sales on the book.

Last night Trump didn’t make much of an announcement and didn’t really give an indication that the straight of Hormuz will be opening up anytime soon. Front month Crude contracts are still up 11%. Possible for it to bring some liquidity to the market yet.

With markets closed tomorrow in observance for Good Friday and markets opening back up Sunday. We will most likely see low volume trades and not much excitement these next couple of days.

Have a Happy Easter! 🐰🐣

04/01/2026

📈Planted Acres Report 📈

Corn 🌽 : 95.3 million acres - up 5% from 2024. Mainly due to high planting intentions out of the Midwest.

Soybeans 🫘 : 83.5 Million acres - down 4% from 2024. Most acres moving over to corn.

Wheat 🌾 : 45.4 million acres - down 2% marking the second historically low level since 1919.

Today we are seeing downward pressure from a Trump announcement about the ongoing war in Iran that is weakening crude oil. Additionally, ethanol stocks changed down -41k barrels/day. Bringing our total to 1.075 million bbl/day.

Overall, pretty boring report and nothing surprised us from the EPAs announcement on Biofuel production or the Plated Acres report. That said, it will be interesting to see if we will get a seasonally rally here in April. Historically, April has been a rally month, but for the past 2 years we have seen our highs in earlier months.

01/13/2026

As you all know, we did not have a very good report yesterday. But we prepared for it!

🥔Soybeans:
Finished lower yesterday, pressured by fund and technical selling. USDA pegged 2025 U.S. soybean production at 4.262 billion bushels, above expectations, while ending stocks increased 60 million bushels to 350 million on reduced export projections. Quarterly grain stocks were also higher than a year ago.

🌽Corn:
Was sharply lower on heavy fund and technical selling. USDA reported record 2025 U.S. corn production at over 17 billion bushels, supported by an all-time high average yield of 186.5 bushels per acre, pushing ending stocks higher. Quarterly grain stocks added additional bearish pressure.

🌐Export inspections:
Showed improvement week-over-week and year-over-year, led by China and Mexico, but the overall 2025/26 export pace continues to trail last year significantly. USDA raised Brazil’s soybean production and export estimates, with CONAB’s updated outlook due Thursday, January 15. Soybean meal futures moved higher, while soybean oil declined as product spreads adjusted.

There were no changes to South American corn estimates this month, with the next USDA update scheduled for February 10. On the demand side, USDA reported sales of 310,000 tons to unknown destinations and 204,000 tons to South Korea for 2025/26 delivery. Export inspections were higher than both last week and last year, primarily to Mexico and Japan. Ukraine raised its 2025 corn production estimate to 31.5 million tons and exports to 25.5 million tons, both up 1 million from prior estimates.

01/12/2026

WASDE Breakdown:

Today's WASDE was nothing short of exciting - if you want to classify a record 17.021 billion bushels of corn produced in 2025. Not only did that follow an increase in last year's average, but it was up half a bushel of 186.5. Giving us an all time high.

Most analysts dropped the ball - pulling ending stocks from 198 million bushels higher to 2.227 billion. To top it all off the USDA also lowered food, seed, and industrial use demand.

US bean production is caught around 4.26 billion bushels, slightly more than what we were estimating, but not by much. Still bringing us a record yield of 53 bushels an acre with a harvested area of 80.43 million acres!

What we know is historically basis tends to weaken during the end of January-Febuary. What this means for farmers who were holding out on this report, it's time to bite the bullet and get some cash flow going.

Simple Hedge-to-Arrives and some OTC's will get you to the highs we saw this morning before the WASDE report.

Premium offers, maybe some Flex Floors.

When we see movement like this it's important to note that the margin calls are going to be coming in hot and heavy - if you are strapped on that liquid cash, this is a good opportunity to utilize your local Co-op and put some of the marginal risk on them.

Reach out to us with any questions!

01/12/2026

WASDE REPORT:

The bears are winning this market.

Harvest area increased for corn went from 90.047 to 91.30.

Beans 80.313 to 80.400

Yield for corn was 186 to 186.50

Beans stayed the same at 53

Currently down 17 cents on the nearby for corn and 10 cents for beans.

More in-depth report to follow tonight!

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