December grain stocks below expectations

USDA estimates of corn, soybean, and wheat stocks as of Dec. 1 were all a bit lower than forecasts ahead of yesterday's Grain Stocks report: Corn stocks were 3 percent lower than expected, soybeans 2.5 percent lower, and wheat 1 percent. For corn and [...]

USDA ups 2022/23 world corn carryout forecast by nearly 2.5 MMT

In the July WASDE, USDA raised its 2022/23 world corn ending stocks by about 2.5 MMT to 312.9 MMT, up slightly from carryout this season. World corn production was raised some 100,000 MT to nearly 1.186 billion MT, down roughly 32,000 MT from the [...]

Modest changes for corn in June WASDE

Friday’s WASDE was reasonably quiet on the corn front, with only a modest change made to export demand on the 2021/22 domestic balance sheet. With the 50 million bushel reduction in exports and a 5 million bushel increase to food/seed/industrial use, 2021/22 ending stocks [...]

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 [...]

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