Corn prices continue to fall as crop forecasts are cut and recessionary fears influence the market. Corn futures slid further this week, with the May 23 contract falling. Corn export sales were sizable last week, though this comes as USDA lowered the export estimate [...]
The corn market is holding steady despite hits to its three major demand categories, weather variability, and political uncertainty. Mar-23 corn closed a bit higher this week, although, analysts expect global corn ending stocks to fall by about 2 MMT in this week’s WASDE [...]
Futures activity Mar-23 futures settle at $6.6625 ahead of the holiday weekend. On Wednesday, Dec. 21, the contract settled above the 20-day moving average for the first time since early November and managed to hold on to higher values during quiet trade yesterday and [...]
Futures activity Mar-22 corn futures closed slightly lower last week at $6.2050 per bushel. Futures are up about $0.70 per bushel year on year. S&D and fundamental factors With WASDE’s release this week, one key question is whether global corn ending stocks will fall further. [...]
Futures activity Positioning ahead of tomorrow’s WASDE report led to volatility in the corn market last week. Dec-21 futures settled at $5.53 per bushel last week, down $0.26 per bushel from Monday. Dec-22 futures closed at $5.405 per bushel. S&D and fundamental factors Ahead [...]
At the start of October, early-season corn planting in Brazil was about a third complete, slightly above the five-year average. Brazil’s soybean crop was some 4 percent planted, a couple of points above the average. Light to moderate rains and warm to hot temperatures [...]
Southern Brazil is expecting another frost event before August, the third such event in the past month, which has seen the worst stretch of weather for the region in the past 25 years. Just 39 percent of Brazil’s safrinha corn was harvested as of Jul. [...]
Last week, both USDA and Brazil’s CONAB released their most recent agricultural supply and demand estimates. USDA left its 2020/21 Brazilian corn crop estimated at 110.0 MMT, 1.1 MMT above the industry estimate. CONAB estimates significantly lower 2020/21 Brazilian corn output at just 102.5 [...]
