Articles tagged under: corn
Not Much Old Crop Grain Left to Sell in the U.S.
Published May 17, 2021
Strong basis levels continue to suggest a limited supply of grain in the country. "There were lots of corn and soybean sales last fall and there's been some sales reaching at the $5 to $6 mark and now, farmers are…Soybeans and Old Crop Corn Drive Grain Markets
Published May 17, 2021
Van Ahn and Company market analyst Kristi Van Ahn says soybean demand is the unknown in the grain market. "Soybeans are a wildcard and we need a big yield. We need demand to back off. Soybean crush has been extremely…Regional Basis Bids Unchanged in Northern Plains
Published May 17, 2021
Basis bids at the six regional grain elevators followed by the Red River Farm Network are mostly unchanged from one week ago. Spring wheat basis improved five cents at Minot, North Dakota but widened by 12 cents at New Salem,…USDA: Soybean Supplies Tight, Overall Good U.S. Corn Supplies
Published May 13, 2021
Brock Associates President/CEO Richard Brock believes there’s enough old crop corn to carry the U.S. through demand. That can be tricky to accept in a dry area like the Northern Plains. "The two states North Dakota and South Dakota combined…USDA Lowers Brazil’s Corn Production, Argentina Crop Unchanged in May Report
Published May 12, 2021
In the May WASDE report, USDA lowered Brazil’s corn production at 102 million tonnes, down from 109 million in the April report. Brazil’s soybean production is estimated at a record 136 million tonnes, unchanged from the April report. USDA left…CONAB Lowers Corn and Soybean Production Estimates
Published May 12, 2021
Brazilian crop supply agency CONAB lowered its corn and soybean production estimates in its May report. CONAB says Brazilian farmers produced a record 135.4 million metric tons of soybeans this season. That's down from the previous estimate of 135.5 million…Grain Trader Disappointed with USDA’s New Crop Corn Balance Sheet
Published May 12, 2021
Summit Commodities market analyst Tim Marsh thinks the corn number on the U.S. new crop balance sheet was disappointing. "It came in at about 150 million bushels above the average trade guess and toward the higher end of trade estimates,…A Look at the Latest U.S. New Crop Balance Sheet
Published May 12, 2021
The May USDA report numbers were mostly neutral to the grain trade. In terms of the new crop balance sheet, U.S. corn production is forecast at almost 15 billion bushels, slightly higher than last year. U.S. soybean production is forecast…Grain Market Surprised at Higher Ending Stock Estimates
Published May 7, 2021
Pre-report estimates for the May USDA Supply and Demand report have ending stocks higher than where current commodity prices would indicate. "I don't know if the trade is looking at that specifically, but I think the numbers coming in at…