Not much world buying of U.S. soybean oil

The 2022/23 U.S. soybean oil export season has seen its slowest start to a marketing year since FAS began reporting weekly progress in 1990. Outstanding sales were a mere 27,900 MT (61.5 million pounds) as of Oct. 20, while cumulative shipments totaled 3,989 MT [...]

October WASDE mismatched with industry expectations for corn, soybean stocks

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 [...]

September WASDE sees tighter corn & soybean balance sheets

USDA reduced acreage and yield estimates for 2022/23 corn and soybeans. The declines in both crops’ production numbers were partially offset by lower use forecasts, but ending stocks are still expected to drop notably from 2021/22 in a highly competitive market. For corn, the [...]

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 [...]

Wild bullish week for soy complex

Futures activity May-22 soybean meal futures ended last week at $458.80 per short ton, down 1.5 percent from Monday’s close. The May soybean oil contract set a new high of $0.8326 per pound. S&D and fundamental factors The Rosario Grain Exchange raised its 2021/22 [...]

WASDE: Higher corn & soybean ending stocks

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 [...]

WASDE: Modest changes to world grain production

In the December WASDE, USDA made no changes to either the U.S. corn or soybean balance sheets. U.S. wheat 2021/22 ending stocks saw a slight increase as exports were cut 20 million bushels to 840 million bushels, and imports were lowered from 115 to [...]

Industry sees U.S. corn production up, soybean down

Ahead of Monday’s July WASDE, the industry is expecting 2021/22 U.S. corn production up by over 117.5 million bushels from the previous forecast as higher acreage more than offsets a slight drop in yield. The industry also expects USDA to lower its 2020/21 corn [...]

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