Articles tagged under: corn
Stocks Tighten
Published January 13, 2021
In USDA's Quarterly Stocks report, the agency lowered U.S. corn ending stocks by five million bushels to 11.32 billion bushels from the December report. Soybean stocks are reported at 2.93 bullion bushels, down 319 million bushels from December. Wheat stocks…USDA Lowers Global Corn, Soybean and Wheat Production
Published January 12, 2021
USDA lowered global corn production 9.3 million tonnes in the January Supply and Demand report to 1,438 million metric tons. The crop declines in Argentina and Brazil will more than offset increased production in China and India. USDA lowered global…USDA Lowers U.S. Corn and Soybean Production
Published January 12, 2021
The latest USDA estimate for 2020 corn and soybean production was below last month's report and the average trade guesses. U.S. corn production is at 14.2 billion bushels compared to December’s estimate of 14.5 billion bushels. Corn yield is at…Rains in South America Stabilizing the Crop
Published January 8, 2021
Brazilian ag consultant Kory Melby says recent rains in Brazil stabilized the soybean crop. "In the last three weeks, we received beneficial rains throughout the country. I'm thinking of increasing my crop estimate a little bit. At the end of…Begin Pushing the Pencil for 2021 Crop
Published January 6, 2021
As soybean futures get higher and corn futures reach new levels, AgResource Company President Dan Basse says farmers should begin pushing the pencil for the 2021 crop. "Things are starting to look relatively attractive on margins. I would encourage all…Funds Holding Long Positions for Corn and Soybean Markets
Published January 5, 2021
NAU Country Vice President of Farm Services Rich Morrison thinks the recent buying in the ag markets was all about money flow. "We looked at the Commitment of Traders Report and the funds are holding easily the largest long position…Higher Corn Prices Highlight Concerns for Argentina’s Crop
Published January 4, 2021
Last week’s spike in the corn market shows traders are concerned about the Argentina’s corn crop. "There's news about Argentina not allowing corn exports until at least March 1 and they may have to go beyond that time period, depending…The Acreage Battle May Impact All Commodities
Published January 3, 2021
Corn and soybean futures continue to push higher due to limited supplies. Midwest Market Solutions President Brian Hoops thinks the acreage battle will impact all commodities. "The bidding war for acres will be a supporting feature for spring wheat and…Northern Plains Basis Levels Stronger at Year End
Published December 30, 2020
Basis levels at the six regional grain elevators followed by the Red River Farm Network remain mostly unchanged from the previous week. Soybean basis remains 40 to 80 cents under the March futures contract. Corn basis levels is 25 to…