Minimal U.S. Soy Export Sales Last Week Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil made only small sales of the three commodities in the week ending 6 May. That is likely to be the case for most of the rest of the marketing year consider...
Wheat: Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average. Corn: Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...
GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend. The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn. End-users continue...
SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%. Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c. July /Dec meal is weaker trading down to $24.50 from $28.50. July/Dec corn trades from 1.23c down to 1.12 3/4c inverse. July...
Wheat: Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average. Corn: Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...
GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend. The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn. End-users continue...
SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%. Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c. July /Dec meal is weaker trading down to $24.50 from $28.50. July/Dec corn trades from 1.23c down to 1.12 3/4c inverse. July...
SOYBEANS: The 2021/22 outlook for U.S. soybeans is for lower supplies, lower exports, higher crush, and higher ending stocks compared with 2020/21. The soybean crop is projected at 4.4 billion bushels, up 270 million from last year on increased harvested area and trend yields. ...
THE OPEN July beans: 20 lower July meal: 6.20 lower July soyoil: 64 lower July corn: 17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion...
SOYBEANS: The 2021/22 outlook for U.S. soybeans is for lower supplies, lower exports, higher crush, and higher ending stocks compared with 2020/21. The soybean crop is projected at 4.4 billion bushels, up 270 million from last year on increased harvested area and trend yields. ...
CORN: The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield. The yield projection of 179.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. Total corn suppl...
WHEAT: The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks. Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports. All wheat production is proj...
Today’s USDA WASDE report was not what the trade thought, and yet it was not caught flat-footed. To some degree this is because years of guessing wrong on what USDA will say, it simply takes it as another observation point and not necessarily the Bible. This was reinforced by the fact tha...
Border Tax Rationalized There are both economic and geopolitical reasons being presented for why the G-7 (U.S., Canada, EU, and Japan) should pursue a common carbon border measure. The first is that it is not in Europe’s interest to go it alone. Brussels could sanctimoniously claim itself...
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