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 [...]
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 [...]
Net export sales remained below 1.0 MMT during the week ending Dec. 8, and shipments fell below 600,000 MT. Total 2022/23 commitments were 20.0 MMT as of Dec. 8, about 40 percent of the season forecast, so based on that indicator, USDA may be [...]
After more than a month of sluggish corn export sales to Mexico, net sales during the week of Nov. 17 shot up to 1.70 MMT, the highest volume of weekly corn orders Mexico has logged to date. These sales lifted Mexico’s outstanding purchases to [...]
Today’s WASDE report delivered a few modest changes to the U.S. balance sheets for wheat, corn, and soybeans, leaving ending stocks a bit higher from the October estimate for corn and soybeans and slightly lower for wheat. USDA tweaked 2022/23 wheat use for food [...]
U.S. trade partners appear to be holding off buying 2022/23 corn: Sales were a mere 182,339 MT during the week of Sep. 15 (7.2 million bushels), well below average for the week. Outstanding sales to Japan were 854,000 MT as of Sep. 15, compared [...]
For the week ending Jun. 23, U.S. weekly net export corn sales were at a season-to-date low of 88,000 MT (3.5 million bushels), bringing outstanding sales to about 9.0 MMT (354.3 million bushels). Top buyers for the week included Japan (191,900 MT), South Korea [...]
Futures activity New-crop Dec-22 futures settled at 6.550 on Thursday, the lowest since Mar. 29. The December contract closed at 6.7400 per bushel on Friday, down from $7.31 per bushel a week ago and down 8 percent week over week. S&D and fundamental factors [...]
