Net soybean export sales were a bit below average during the week ending Nov. 3, continuing the slower pace of recent weeks. There was a rise for week-over-week exports during the period. Soybean export volumes to China slowed somewhat during the week to 1.9 [...]
Last week’s WASDE was reasonably uneventful, excluding the further reduction in anticipated global ending stocks in 2022/23. U.S. ending stocks increased just 10 million bushels from the October projection. One factor being watched closely is that of inflation and/or additional interest rate hikes. The [...]
Today’s WASDE report delivered a few modest changes to the U.S. balance sheets for wheat, corn, and soybeans, leaving ending stocks a bit higher from the October estimate for corn and soybeans and slightly lower for wheat. USDA tweaked 2022/23 wheat use for food [...]
CNDSCA reports available stocks at the end of September at 0.96 MMT, down 6 percent YOY. Including certified stocks for export, all sugar carryout was down 8 percent YOY at 0.96 MMT—certified stocks are down nearly 87 percent YOY. In the October WASDE, USDA [...]
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 [...]
USDA’s latest grain crushings report put August corn use for ethanol at 432.3 million bushels, down 3 percent from July and up 4 percent year over year. Cumulative use during the 2021/22 corn marketing year was just slightly below USDA’s estimate in the September [...]
The September Grain Stocks report showed 2021/22 ending stocks for corn at 1.377 billion bushels, down 148 million bushels from the estimate in the September WASDE. The corn futures market responded vigorously, rising to a high of $6.9625 per bushel. USDA lowered 2021/22 corn [...]
Futures activity A bullish WASDE report last Monday pushed spot corn futures above $7 per bushel for the first time in two months, hitting $7.12 per bushel on that day’s close. S&D and fundamental factors Monday’s WASDE report was in line with expectations in [...]
