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 [...]

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 [...]

Signs of weakness creeping into dairy market

After prices rallied sharply in November, the dairy market seemed dominated by bullish buyers and tight heifer supply. However, when the market is leaning so hard in one direction, with brokers/distributors only seeing dollar signs, it may be a time to pause, reflect, and [...]

November soybean oil production set record for month

NOPA members reported crushing 179.5 million bushels of soybeans last month, down 2.5 percent from October and down 1 percent year over year. This season’s strong oil yield, however, allowed soybean oil production to top 2.11 billion pounds, up 5 million pounds from November [...]

WASDE, EPA biofuel news drive soybean market

Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]

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 [...]

Record Ukraine corn harvest nears completion

As of late-November, about 87 percent of Ukraine’s 2021/22 crop was harvested. Unofficial receipts were at roughly 35.0 MMT, so final production may reach or surpass USDA’s estimate of 38.0 MMT, a record. Ukraine’s ag ministry raised its 2021/22 production estimate to 40.0 MMT. [...]

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