Some unfavorable weather for grain at home & abroad

Brazil’s 2020/21 safrinha crop saw another frost event, which may lower yields on late-maturing corn. China’s Henan province, which produces about 10 percent of the country’s corn crop, has seen excessive flooding this week with some crop and livestock losses likely. Weather models change [...]

China hesitates to ramp up new-crop soybean orders

The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]

Weather, edible oils supply will drive soybean futures

Futures activity Soybean futures rallied last week, driven by weather concerns and impact on yield. Aug-21 soybeans closed Friday at $14.5475 per bushel, up from $14.04 on Monday. Aug-21 soybean meal closed the week at $363.20 per short ton, and Aug-21 soybean oil settled [...]

NOAA’s August outlook features northern heat

NOAA’s August outlook calls for above-average rain in the eastern Grain Belt and average rain in most other areas. Below-average rain is expected in the western Dakotas and in western Nebraska as the drought continues. Above-average temperatures are forecast across the northern region and [...]

May tapioca starch imports were near record

Imports of clean-label (non-GMO) starches continue to trend higher despite a slow start to 2021 for most varieties. Imports of potato and tapioca starches together supplied 244,691 MT to the market in 2020: 132,740 MT of potato starch (up 14 percent year over year) [...]

Corn ending stocks adjusted in July WASDE

In the July WASDE, the 2020/21 U.S. corn ending stocks estimate was lowered 25 million bushels to just 1.082 billion bushels, an eight-year low, because of burgeoning corn feed demand. For 2021/22, U.S. corn production is seen at 15.165 billion bushels, up 175 million [...]

Industry sees U.S. corn production up, soybean down

Ahead of Monday’s July WASDE, the industry is expecting 2021/22 U.S. corn production up by over 117.5 million bushels from the previous forecast as higher acreage more than offsets a slight drop in yield. The industry also expects USDA to lower its 2020/21 corn [...]

Soybean market digests acreage report

After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]

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