The April WASDE featured fewer changes than expected with USDA remaining cautious about increasing U.S. demand expectations. The agency was similarly neutral the South American crops, where most analysts had been expecting production cuts. The market reaction to the April report was mixed with...
U.S. soybean outlook is for higher exports, lower crush, residual use, and seed use. Soybean ending stocks are projected at 120 million bushels, unchanged from the previous forecast. The season-average soybean price is forecast at $11.25 per bushel, up 10 cents...
U.S. corn outlook is for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks. Corn used to produce ethanol is raised 25 million bushels and exports are increased 75 million bushels. The season-average farm price is unchanged at $4.3...
U.S. wheat outlook is for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Feed and residual use is lowered 25 million bushels to 100 million. Exports are unchanged. Projected 2020/21 ending stocks are raised to 852 million bushels but are sti...
U.S. soybean outlook is for higher exports, lower crush, residual use, and seed use. Soybean ending stocks are projected at 120 million bushels, unchanged from the previous forecast. The season-average soybean price is forecast at $11.25 per bushel, up 10 cents...
U.S. corn outlook is for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks. Corn used to produce ethanol is raised 25 million bushels and exports are increased 75 million bushels. The season-average farm price is unchanged at $4.3...
U.S. wheat outlook is for lower supplies, reduced domestic use, unchanged exports, and higher ending stocks. Feed and residual use is lowered 25 million bushels to 100 million. Exports are unchanged. Projected 2020/21 ending stocks are raised to 852 million bushels but are sti...
May 21 Corn closed at $5.7725/bushel, down $0.025 from yesterday's close. May 21 Wheat closed at $6.3875/bushel, up $0.1 from yesterday's close. May 21 Soybeans closed at $14.03/bushel, down $0.1225 from yesterday's close. May 21 Soymeal closed at $401.2/short ton, down $5.6 f...
Problem Solved The UN hosts a Food Systems Summit later this year intended to promote progress on the organization’s sustainable development goals and other food system “problems.” The Summit’s website bravely asserts that, “The good news is that we know what we ne...
May 21 Corn closed at $5.7725/bushel, down $0.025 from yesterday's close. May 21 Wheat closed at $6.3875/bushel, up $0.1 from yesterday's close. May 21 Soybeans closed at $14.03/bushel, down $0.1225 from yesterday's close. May 21 Soymeal closed at $401.2/short ton, down $5.6 f...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
The Biden Administration Office of Management and Budget sent a partial budget plan to Capitol Hill this morning. The proposal is an outline of funding requests in annually appropriated programs referred to as discretionary spending. Ongoing programs authorized by permanent legislation, such as...
Americans consume more than the dietary guidelines recommend for meat and grains while under-consuming fruit and vegetables. Vegetable consumption has been rising and is now at around 70 percent of recommended levels. This has been helped in part by fresh, low-cost supplies from Mexico. The U.S...
THE OPEN May beans: 1 lower May meal: 1.40 higher May soyoil: 35 lower May corna; 2 1/2 higher May wheat: 5 1/2 higher The markets opened as expected with further gains in wheat on short-covering. Wheat prices corrected sharply after trading above moving aver...
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