BEIJING/SINGAPORE, (Reuters) – Soyoil inventories in China look set to build up further from already-high levels, denting prices even more, as the world’s largest soybean crushing sector cranks back up following coronavirus-led cutbacks last month, traders and analysts said. China’s stocks of soybean oil have climbed 50 percent this year as edible oil consumption slowed […] Read more
Stories by Gavin Maguire
Greater demand could offset large corn stockpiles
Demand up 275 million bushels | Corn for feed increased 125 million bu. from the June estimate
CHICAGO, Ill. — At slightly more than two billion bushels, this year’s projected U.S. corn carryout would be the largest in a decade and represent more than 50 days of use. However, as imposing as that supply total may appear, American domestic demand is also increasing, which should draw down those inventories at a steady […] Read moreMAGUIRE: U.S. crop acreage guessing game gets under way
CHICAGO, — The U.S. Department of Agriculture kicked off the U.S. spring crop acreage guessing game last week with the release of its baseline projections for U.S. row crop production. While the baseline projections are not an official USDA forecast of what is expected to be planted (and are rather consensus estimates based on prevailing […] Read more
EU wheat exports could rise as corn fills domestic feed needs – COLUMN
(The author is a Reuters market analyst. The opinions expressed are his own.) CHICAGO – European Union wheat exports are already projected to hit a record 26 million tonnes in 2013-14, but thanks to an abundant supply of cheap corn making its way into feed rations at the expense of wheat, the total amount of […] Read more
