Photo: Vencavolrab/iStock/Getty Images

USDA adjusts supply/demand estimates

Corn/soybean yields unchanged

Corn and soybean yields in the United States were left unchanged in the latest supply/demand estimates from the U.S. Department of Agriculture, released July 11, although a reduction in harvested area led to small downward revisions to production for the crops.

soybean

Critical growing season is ahead for soybeans

What the weather turns out to be in the United States is going to have a significant impact on Canadian producers’ prices

What the weather turns out to be in the United States is going to have a significant impact on Canadian producers’ prices

CBOT weekly: USDA/weather in focus for corn and soybeans

CBOT weekly: USDA/weather in focus for corn and soybeans

Midwestern conditions favourable

Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.



The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT Weekly: Turning towards a weather market

Area, stocks reports have little influence

Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.






The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

USDA makes small cuts to corn, wheat ending stocks

Few changes the central theme in June report

The June supply/demand report from the United States Department of Agriculture contained very few changes from May. The USDA issued its World Agricultural Supply and Demand Estimates on June 12, showing some declines for U.S. corn and wheat ending stocks, while those for soybeans were unchanged.