CHICAGO, Aug. 12, (Reuters) – The U.S. corn harvest will be bigger than previously forecast, the U.S. Department of Agriculture said on Monday, as the government issued a surprise boost to its yield estimate despite ongoing concerns in the country about a wet spring and dry summer limiting production. For the 2019/20 crop year, the […] Read more
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USDA raises corn stock projections, lowers soybeans
Winnipeg – Updated supply/demand estimates from the United States Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to the soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion […] Read more
WASDE fails to move markets off lower path
The USDA’s supply and demand report failed to offer any insights into a market illuminated only by a Chinese lantern
The world’s grains and oilseeds markets seem solidly stuck in sideways, with the only light forward coming from the fragile glow of a Chinese lantern. World Agricultural Supply and Demand Estimates by the United States Department of Agriculture cast little more illumination on where prices might be headed, other than more of the same. The […] Read more
CBOT soybeans recover after dismal USDA data
The latest United States Department of Agriculture (USDA) reports surprised traders leading to an immediate sell-off for Chicago Board of Trade (CBOT) soybean contracts. “It’s a pretty interesting report to tell you the truth, but really the focus has been on the beans,” said Jack Scoville of Price Futures Group in Chicago, Ill. It had […] Read more
Higher WASDE projections send markets down
Weather news did not offset higher estimated supplies and drove all crop commodities on Chicago’s market down after today’s American report. The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates came out Aug. 10 and pushed traders to sell positions because the optimism of tighter supplies of wheat and canola didn’t offset reports […] Read more
USDA sees U.S. corn, soy, wheat supplies falling in 2018/19
WASHINGTON, May 10 (Reuters) – U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the U.S. Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to drop due to smaller harvests, according to the government’s […] Read more
USDA forecasts mostly fall, but market doesn’t rise much
Canola fell on news that American soybeans are in ample supply and Brazil’s crop still looms large. The USDA supply and demand report for March told a tale the market was mostly ready for. Corn was the winner for the day, with nearby futures prices on Chicago rising to match the high-point for the year, […] Read more
New supply-demand report doesn’t tell dramatic tale
The USDA’s World Agricultural Supply and Demand Estimates report shows supplies of corn and soy aren’t historically high, but wheat remains big
There was a time when the world waited on the U.S. Department of Agriculture to write the outlook for the commodity markets, but last week’s report was more like punctuation of a sentence already penned. Improved global supply and projected crop reconnaissance might be a growing factor in the reduced impact of the monthly World […] Read more
WASDE paints a bearish crop picture for the coming year
It all adds up to too much. Canola, wheat, corn, soybeans, there is more than expected by the grain trade and that isn’t for good prices. The U.S. corn crop was big in 2017-18, but now that the tallies are in, it was bigger. Today’s USDA World Agricultural Supply and Demand Estimates (PDF format) aren’t […] Read more
USDA soy, corn estimates questioned
The U.S. Department of Agriculture released some eye-popping corn and soybean yield numbers in its latest World Agricultural Supply and Demand Estimates report. “The August crop report is known for its surprises and the USDA didn’t disappoint,” said Arlan Suderman, chief commodities economist with INTL FCStone. The corn estimate was 169.5 bushels per acre, which […] Read more
