Friday’s world crop supply and demand update brought an expected increase to 2020/21 U.S. soybean exports, which USDA offset by tinkering with other use numbers, leaving ending stocks unchanged from the February and March estimates. USDA attributed the 30 million bushel increase in exports, [...]
In the April WASDE, USDA lowered its 2020/21 U.S. corn ending stocks forecast by 150 million bushels to 1.352 billion bushels. This change to carryout is due to both exports and domestic use each rising 75 million bushels. For 2020/21, exports are now forecast [...]
China is just about out of the U.S. soybean market at this point—exports to China were 82,000 MT last week—and will likely take only minimal shipments through June. U.S. exports tend to pick up during July-August, after Brazil moves most of its volume during [...]
In the February WASDE, USDA raised its 2020/21 corn exports forecast by 50 million bushels to 2.600 billion bushels. This dropped USDA’s 2020/21 U.S. corn ending stock forecast by 50 million bushels to 1.502 billion bushels, notably above the average industry estimates of 1.384 [...]
As of Dec. 24, the U.S. had exported 79 percent more soybeans this season than last year to date. Most-recent four-week exports totaled 10.2 MMT, down slightly from the four-week total for November. Of the 2.4 MMT exported during the week of Dec. 24, [...]
The U.S. exported 2.7 MMT of soybeans during the week ending Dec. 3—70 percent of which was destined for China—which raised the cumulative total for the marketing year to 29.8 MMT (1.1 billion bushels), up 71 percent from last season to date and a [...]
Soy complex futures closed on Friday nearly flat with the week’s start. Last Thursday’s WASDE report reflected a smaller-than-expected downward revision in U.S. soybean stocks, leaving the market little to get excited about. Global soybean stocks were lowered by about 1 MMT. The only [...]
As we enter the first month of the new marketing year, 2020/21 soybean exports are expected to continue at a blistering pace thanks to large buys from China during the last quarter of 2019/20. This activity fueled an impressive late-August rally in soybean futures, [...]
