Within two years either way, in what year did Congress ban the advertising of cigarettes on television and radio?
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Grain Market Insight
Morning Grain Comments 10-3-2023 – The grain markets spent most of the night session lower with corn lower throughout the session while wheat and soybeans both saw a two-sided trade. The wheat market was the strongest of the commodities but could not rally with the negative tone set by the soybean market but rallied into the end of the session to wind up fractionally lower than the high it had set earlier in the session. StoneX Quick Editorial (QE) this morning, “the soybean complex dominated overnight trade volume with beans at a 3+ month lows and meal in free-fall; “better-than-expected” seems to be the general thought during a massive stretch of soybean harvesting across the belt over the last few days. The rallying USD remains a problem...” StoneX released their October yield estimate yesterday afternoon projecting a 175.5 bushel per acre corn yield and a 50.4 bushel per acre soybean yield. The corn yield is up 0.5 bpa from their estimate in September and 0.4 bpa above the USDA September yield estimate. The October StoneX soybean yield increased 0.3 bpa from September and is 0.5 bpa lower than the September USDA estimate. In world grain trade news, Japan has tendered for 3.3 million bushels of milling wheat with 1.25 million to come from Australia, 1.2 million from Canada, and 850,000 from the U.S. At the end of the night session at 7:45 this morning, Kansas City December wheat was 3.5 cents higher, Chicago December corn was down 1.25 cents, and Chicago November soybeans ended the night session 9.5 cents lower. Have wonderful day.
Afternoon Grain Comments 10-02-23- Grain futures closing higher today, wheat and corn seeing double-digit gains. The exports inspection report was released today. This week corn was at 24.6 million bushels, soybeans 24.4 million bushels, milo at 2.4 million bushels and wheat was 14.6 million bushels. For corn, Mexico and Japan received the most with 8.3 and 6.4 respectively. China bought a majority of the soybeans with 14.1 million bushels. Crop progress report stated Kansas corn conditions at 33 percent, the US remaining unchanged at 53 percent. Kansas corn harvest is predicted to be at 51 percent. Kansas soybeans are predicted to be at 24 percent harvested. Kansas soybeans are rated 18 percent for soybean condition, the US being 52 percent. The report also states Kansas winter wheat planted is at 37 percent. At the close, cash wheat was 13 cents higher, milo and corn were 12 cents higher and soybeans were 2 cents higher. Have a great evening.
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October 2 A half-inch rain fell in Sublette during the night time hours of the 2nd or early morning of the 3rd. ? October 1 A late afternoon / early evening rain showered another 0.1 inch of rain in Sublette.
September 20 A late evening rain gave us 0.1 inch of rain in Sublette.?
September 15 A misty rain in the morning gave us 0.1 inch in Sublette with another 0.1 in the afternoon. ? September 14 A little rain in Sublette put 0.3 inch of moisture in the gage.
September 11 Rain during the day put another 0.7 inch in the gage in Sublette by 1:00 p.m.
September 10 A morning rain of 0.3 inch, an evening rain of 0.8 inch, and a rain during the night gave us another 0.45 in one gage in Sublette but another gage had 1.8 inch of rain for the same period.
