U.S. net corn export sales were on the high side of the average range last week, thanks to some opportunistic buying from China. Outstanding sales rose almost 1 percent week over week. China took advantage of March’s drop in U.S. pricing and placed orders for [...]
The March 2022/23 U.S. corn outlook is for lower exports and increased ending stocks compared to February estimates. USDA lowered exports by 75 million bushels due to the slow pace of shipments and sales. Ending stocks were raised, above expectations. The 2022/23 U.S. soybean [...]
The January 2022/23 U.S. corn outlook is for reduced supplies, exports, domestic use, and ending stocks compared to December estimates. USDA lowered forecast supply because of the reduction of the harvested corn area, affecting production. Domestic use declined 35 million bushels to 12 billion [...]
Today’s S&D update from USDA showed higher corn and lower soybean stocks than anticipated, although wheat numbers were more aligned with expectations. Predictably, soybean futures are seeing a bullish session as a result, while the corn market is showing uncertainty with a slightly bearish [...]
Futures activity A bullish WASDE report last Monday pushed spot corn futures above $7 per bushel for the first time in two months, hitting $7.12 per bushel on that day’s close. S&D and fundamental factors Monday’s WASDE report was in line with expectations in [...]
In its June WASDE report, USDA raised its previous estimate for 2022/23 world corn ending stocks by 5.32 MMT to 310.5 MMT, about 400,000 MT below the current season’s volume. World corn production was increased by 5.1 MMT to 1.186 billion MT, up 30.1 [...]
The February WASDE report was almost the same as January’s, with no changes to the U.S corn balance sheet and only slight adjustments to soybean figures. USDA left its 2021/22 U.S corn production and yield estimates unchanged from last month’s report at 177 bushels [...]
In the January WASDE, USDA increased its 2021/22 U.S. corn production estimated to 15.115 billion bushels, up 53 million bushels from the December estimate. USDA raised 2021/22 corn ending stocks to 1.540 billion bushels, up 47 million bushels from the previous forecast. Corn exports [...]
