Export estimates for U.S. soybeans were lowered to 1.9 billion, down 160 million bushels. This was due primarily to there being less expected exports to China. | File photo

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

Today's WASDE report indicates corn may set an American record for production at an average of 178.4 bushels per acre. | File photo

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

U.S. corn and wheat stocks are also expected to drop due to smaller harvests, according to the government's monthly supply and demand report. | File photo

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


No storm clouds on U.S. crop market horizons keep prices mixed. Corn rose while soy beans fell after March 8 WASDE report.  |  Michael Raine photo

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

The USDA report showed about a 46-day supply outside of the United States and China, putting most of the world in a just-in-time position for corn.  |  File photo

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


Today's USDA World Agricultural Supply and Demand Estimates aren't coming as a big surprise to the industry, but the big yellow cereal was bigger than predicted in the middle of December. | File photo

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

The U.S. Department of Agriculture is estimating a much bigger corn crop than first thought, but some analysts are disputing the numbers.  |  REUTERS/Adrees Latif photo

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

Analysts are taking issue with what they see as high corn and soybean yield numbers in the USDA's latest WASDE report. | File photo

Corn, soy numbers in USDA report called too high

Analysts are taking issue with what they see as high corn and soybean yield numbers in the United States Department of Agriculture’s latest World Agricultural Supply and Demand Estimates report. USDA estimated corn yields would come in at 169.5 bushels per acre, which was 3.30 bu. above the average trade estimate and 6.70 bu. above […] Read more