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.
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USDA adjusts supply/demand estimates
Corn/soybean yields unchanged
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.
CBOT Weekly: ‘Not looking for any fireworks’ in June WASDE
Report unlikely to have notable changes
Do not expect any major changes in the June supply and demand report from the United States Department of Agriculture, said Terry Reilly, senior agricultural specialist for Marex.
USDA’s WASDE report bullish for corn and soybeans
Changes in the department’s production estimates for corn were the most dramatic of the three major commodities
The U.S. Department of Agriculture WASDE report released Jan. 10 was bullish for corn and soybeans while wheat was neutral. Bullish soybean estimates from the USDA will provide support for Canadian canola markets, while the bullish corn numbers should provide support for the entire grains complex. The report was not positive for wheat with U.S. […] Read more
Canola flies into soybean headwinds
A large soybean crop in the United States and sluggish exports have not allowed the canola market to make a move
SASKATOON — The soybean market is wrestling with a couple of bearish factors that are preventing the oilseed from rallying, says an analyst, and that is weighing down a canola market desperately attempting to gain some traction as of the end of August. The U.S. Department of Agriculture forecast a record 124.9 million tonnes of […] Read more
Speculators drive grain prices lower
November soybean futures are well below the estimated cost of production of $11.90 per bushel
SASKATOON — A leading analyst says grain prices should be bottoming out, but a recent supply and demand report did not help matters. “We are already down to extremely cheap price levels on corn and beans,” said DTN lead analyst Todd Hultman. Related stories: “It’s just hard for me to imagine much more downside risk, […] Read more
USDA reports provide mixed signals for wheat market
The USDA released its monthly crop production and World Agricultural Supply and Demand Estimates (WASDE) reports last week, which provided mixed messages for the wheat market. The U.S. crop production report increased winter wheat output by 1.3 per cent from the May estimate. This was viewed by the markets as bearish for wheat futures, especially […] Read more
Soybean convergence bodes well for prices
Brazilian prices have almost caught up with the American crop, which is unexpected but welcome news for the market
SASKATOON — Todd Hultman is closely monitoring a potentially “very bullish” situation for the soybean market. Freight on board (f.o.b.) soybean prices for July have dramatically narrowed between Brazil and the United States. Related stories: Soybean prices in Paranagua that were US$1.75 per bushel lower than those in New Orleans in February are now a […] Read more
Large U.S. corn crop to put pressure on feed barley prices
Farmers in the United States grew a lot more corn than originally anticipated and that will be a bearish factor for Canadian feed barley prices. The U.S. Department of Agriculture raised eyebrows with its November World Agricultural Supply and Demand Estimates report. “It was a surprise today, I have to admit,” said DTN lead analyst […] Read more
USDA surprises trade with latest report
The U.S. Department of Agriculture’s November World Agricultural Supply and Demand Estimates report has raised some eyebrows. “It was a surprise today, I have to admit,” said DTN lead analyst Todd Hultman. The big shock was contained in the new U.S. corn yield estimate of 174.9 bushels per acre, up from October’s 173. That is […] Read more
