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Karen Braun
@kannbwx
, 3 tweets, 2 min read Read on Twitter
CBOT Dec19 #corn around $3.74/bushel today. Perhaps lower than what some had been thinking back in June but not "low" by any means - it's a 4-year high for the date. December corn hasn't been above $4 after mid-August since 2013.
Looking at 6 years of Nov #soybeans, there are 2 distinct packs, but 2019 is leading the lower one around $8.88/bu today. Last year was the lowest & we are above 2015. But if you look at supplies in late 2015 vs. now/2018, wow. By today's standards, is that beans in the teens? 😉
To elaborate, Sep forecasts, US ending stocks, s/u:
2015: 450 mbu 12% (final 197 5%)
2018: 845 mbu 20% (final ? but ~1 bln bu, 25% ish)
2019: 640 mbu 16%

By the way, back in 2015/16, 450 mbu was less than 7 weeks worth of #China's demand for #soybeans.
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Karen Braun
@kannbwx
Only 67% of U.S. #corn was planted as of June 2, well below the five-year average of 96%. That is +9 points on the week and below the trade guess of 71%.

The planting pace has been RECORD slow for 2.5 weeks now. #plant19
U.S. #soybeans were 39% planted as of June 2, now the SLOWEST on record and well below the average of 79%. That is +10 points on the week. The trade was expecting progress at 42%. #plant19
#Corn planting, June 2 (5yr avg):
Illinois 45% (98%)
Indiana 31% (94%)
Ohio 33% (90%)
Iowa 80% (99%)
Minnesota 76% (98%)
Nebraska 88% (98%)
S Dakota 44% (96%)
Michigan 42% (87%)
Missouri 69% (97%)
Wisconsin 58% (91%)
N Dakota 81% (93%)
Kansas 79% (93%)
#plant19
Read 5 tweets
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Karen Braun
@kannbwx
A view of the #CropWatch19 #corn field in southern Illinois. Half of the 90 acres needs replanting but it is far too wet to attempt that now. And more rain may be coming early next week. Planted May 18.
Here's the end rows on the higher ground. #Corn in this part of the field is looking average at best right now.
The #CropWatch19 #soybeans in southern Illinois, right next to the corn, are in better shape than the corn but at least 10 acres of the 90 need replanting - if it ever dries up.
Read 5 tweets
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Karen Braun
@kannbwx
USA planted 8.4 million acres of #corn in the week ended May 26, but there is still almost 39 million to go. Illinois planted the most (1.2 mln acres) but they still have the most to plant (7.3 mln). South Dakota still has 4.5m to go and Indiana 4.3m. #plant19
Nebraska's final planting date for full insurance was May 25, as was most of North and South Dakota. Just the corn-heavy southeast portion of SD, as well as a couple counties in SE ND, have until May 31. All of IA, MN, WI. MO, and KS will also be at the cutoff by May 31.
As of May 26, U.S. farmers still had 60 million acres of #soybeans left to plant. North Dakota planted 1.43 million acres last week - the most by far of any state. Illinois has the most left to do at 9 million. Insurance dates are still 2-4 weeks away. #plant19
Read 3 tweets

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Seth Cotlar
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Several Dem candidates have talked about cooperatives as fruitful business models that should be encouraged through policy. Here’s a concrete example of one in action (as experienced by me, a consumer).
Because of the accident of which neighborhood I live in, I get my electricity through a co-op. The rates are great, the service is excellent...it's like getting electricity from any old company.
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RAICES
@RAICESTEXAS
#Today's story to #EndFamilySeparation Four months ago, Dad and 4-month-old entered at the Texas/Mexico border and requested #asylum. Dad and child were immediately separated and the baby put in ORR custody. #FamiliesBelongTogether
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Renato Mariotti
@renato_mariotti
THREAD: How does today’s news that Trump tried to fire Mueller back in June help Mueller make an obstruction case against Trump?
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