Articles tagged under: wheat
More Corn, Fewer Soybean Stocks
Published April 1, 2022
USDA’s National Ag Statistics Service says corn stocks in all positions as of March 1 totaled 7.85 billion bushels. That’s two percent more than one year ago and in line with trade expectations. U.S. soybean stocks are 1.93 billion bushels,…Surprising Corn Acreage Forecast
Published March 31, 2022
One of the most anticipated USDA reports of the year shocked the grain trade. The biggest surprise in the prospective plantings report is the U.S. planted corn estimate at 89.5 million acres. That’s 2.5 million acres lower than trade expectations.…Ukraine May Export Only 200,000 Tons of Wheat
Published March 22, 2022
According to Reuters, Ukraine is expected to export 200,000 tons of wheat from March to June due to the Black Sea port blockages by the Russian invasion. The report stated 2021 through 2022. June and July wheat exports would not…CME Group Expands Wheat Trading Limits
Published March 5, 2022
Starting Monday, the CME Group is expanding trading limits for wheat contracts. This includes Chicago wheat and Kansas City winter wheat. The daily price limit will change the daily price limit to 85 cents per bushel and the expanded price…Memories of 2008
Published March 5, 2022
The Arthur Companies grain merchandiser Jenna Knutson says the higher wheat prices bring a sense of déjà vu, reminding many of 2008. "At that time, we saw wheat prices go to $18 or $20. Farmers watched it go up and…More Soybeans and Wheat, Less Corn Acreage Forecast
Published February 25, 2022
USDA’s Prospective Plantings Report at the end of March will offer more insight into U.S. acreage. The USDA offered a sneak peek during the Ag Outlook Forum. "Eighty-eight million acres of soybeans, up a little from last year," said USDA…StatsCan Report Shows Fewer Canola Stocks
Published February 10, 2022
Statistics Canada’s February stocks in all positions report shows 7.56 million metric tons of canola on hand as of December 31. That’s down 43 percent year-over-year and the smallest since 2007. DTN Canada market analyst Cliff Jamieson says canola demand…What Does Russia-Ukraine Dispute Mean for U.S. Wheat?
Published February 4, 2022
The uncertainty between Russia and Ukraine has local wheat growers curious about possible market impacts. Russia is the largest wheat exporter and Ukraine is the third largest in the world. NDSU Extension Crops Marketing Economist Frayne Olson said it’s very…China’s Corn Cancellation Not Surprising
Published February 4, 2022
China canceled a purchase of 380,000 metric tons of corn Thursday. AgriSompo North America market analyst Sterling Smith wa not surprised. "When you deal with China you have to get used to cancellations." USDA’s weekly export sales were within trade…