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 moreTag Archives World Agricultural Supply and Demand Estimates report
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
U.S. corn yield estimate questioned
The U.S. Department of Agriculture’s latest U.S. corn yield estimate does not reflect reality, says an analyst. The USDA dropped its national average corn yield for 2023-24 to 177.5 bushels per acre, down from its forecast of 181.5 bu. a month ago. DTN lead analyst Todd Hultman thinks that is still too high and expects […] Read more
