Corn market trading on South American weather, awaits USDA reports

Futures activity Mar-22 corn futures ended last week up 3 percent at $6.06 per bushel, maintaining the recent trend above $6 per bushel. Prices have been on a nearly steady incline since bottoming out in early September. S&D and fundamental factors WASDE is this [...]

WASDE: New-crop corn production & stocks raised

In the September WASDE, 2021/22 U.S. corn yield was estimated at 176.3 bushels per acre (bpa), up 1.7 bpa from August and above the average industry estimate. USDA also raised its 2021/22 harvested area estimate by 600,000 acres to 85.1 million acres. Improved yield [...]

Drop in 2021/22 corn production impacts use, stocks

The August WASDE shows national corn yield in 2021/22 at 174.6 bushels per acre (bpa), down 4.9 bpa from the original forecast. This drop in yield pushed production down to 14.750 billion bushels, still the second-largest crop on record, if realized, but down 415 [...]

Corn market reacts to global weather challenges

Futures activity Sep-21 corn futures ended last week near where they started at $5.55 per bushel. Trading was sideways ahead of this week’s WASDE report, a consolidation pattern that may suggest futures are poised for a breakout in one direction or the other. S&D [...]

Storms bring relief to the corn crop/market

Corn futures continue to fluctuate, with the July contract closing at $6.5925 per bushel last Monday, $6.6425 by Wednesday, and $6.3650 by Friday. Much-needed rain swept across the Corn Belt last week: Nearly every region received at least some precipitation. Moisture will be needed [...]

Corn market awaits acreage, stocks reports

Corn futures came under pressure last week as good production prospects firmed market expectations of bearish conditions for the foreseeable future. The Dec-20 contract closed the week down 20 cents per bushel. The Jun. 30 Acreage and Grain Stocks reports are on the minds [...]

WASDE: 2019/20 corn, soybean stocks rise slightly

The June WASDE features few major changes to the overall corn outlook. Ethanol demand in 2019/20 was reduced by 50 million bushels to 4.900 billion bushels. This was partially offset by 2019/20 production falling by 46 million bushels, mainly due to unrecovered corn in [...]

USDA estimates corn acreage up, soybean down

The USDA Acreage report surprisingly estimates planted corn acreage at 91.7 million acres, a few million acres above pre-report estimates and slightly higher than the June WASDE forecast. On the other hand, soybean planted acreage is estimated at an even 80 million acres, a [...]

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