China hesitates to ramp up new-crop soybean orders

The week ending Jul. 8 was mighty slow for soybean exports, thanks in part to the holiday. This marketing year continues to track 2014/15’s late-season pace very closely, and if July and August keep to the pattern, the final weeks of 2020/21 might add [...]

Weather, edible oils supply will drive soybean futures

Futures activity Soybean futures rallied last week, driven by weather concerns and impact on yield. Aug-21 soybeans closed Friday at $14.5475 per bushel, up from $14.04 on Monday. Aug-21 soybean meal closed the week at $363.20 per short ton, and Aug-21 soybean oil settled [...]

Corn ending stocks adjusted in July WASDE

In the July WASDE, the 2020/21 U.S. corn ending stocks estimate was lowered 25 million bushels to just 1.082 billion bushels, an eight-year low, because of burgeoning corn feed demand. For 2021/22, U.S. corn production is seen at 15.165 billion bushels, up 175 million [...]

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 [...]

Soybean market digests acreage report

After high hopes that the market would finally realize how much “additional” soybean acres would be planted for 2021/22, participants were left speechless when USDA said zero additional acres were considered for planting from Mar. 1 to Jun. 1. Shockingly, soybean acreage remained at [...]

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 [...]

Apple juice supply reflects sluggish imports

Through April, the U.S. had imported 239 million single-strength-equivalent gallons of apple juice, down 28 percent from 2019/20 to date and the lowest volume for Q1-Q3 in many years. Imports have been trending lower since 2018, under pressure from the trade dispute with China [...]

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