Corn
Weather problems with Brazil’s second corn crop have sparked a spate of companies exiting their contracts, causing what some call the biggest wave of export cancellations for the world’s No. 2 supplier in five years.
Corteva Agriscience has a robust number of products it expects to introduce to U.S. farmers between now and 2023 for use in more than 10 crops.
Just a day after USDA released the July WASDE report, which showed a shocking drop in all-wheat production and yield, the July corn contract traded 80 cents higher mid-day Tuesday. Analysts weigh in on the reason.
For the first time since 2015 widespread rains including up to 20 inches of precipitation in June have agronomists warning farmers to check for nutrient losses ahead of pollination.
Not even a week after USDA released its June Acreage Report shocked the market with fewer acres, prices reversed. After the holiday weekend, weather forecasts turned wetter and corn prices closed limit down Tuesday.
U.S. corn exports toppled records in recent months with elevated shipments to China. A continued strong pace plus a few more sales in the coming weeks will officially cap off the country’s best-ever marketing year.
Chicago Board of Trade corn and soybean futures rose to their highest since mid-June on Thursday, with traders noting continued support from a U.S. government report that showed spring plantings fell below expectations.
Renewable fuels groups were dealt a blow Friday as the U.S. Supreme Court issued a decision to overturn a 2020 appellate court ruling that said EPA could only grant waivers to refiners that had previously received them.
Evaluate hail-damaged soybeans, too, before applying post herbicides or a rescue treatment.
China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
Corn prices came under pressure Tuesday. With July corn falling 37 cents to end the day to close at $6.20, the closing price on Monday marked a one-month low.
China’s appetite for new crop corn is now sitting in uncharted waters. China has committed to purchasing 321.2 million bushels, or 8.15 million metric tons, since May 10, and analysts say there are two main drivers.
Corn and soybean prices saw pressure on Monday as recent rains in the Midwest weighed on the market. Wheat futures also traded lower, falling to the lowest level in more than a month.
A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024.
The commodity markets finished the month of May with more volatility. As the market is greeted by June next week, analysts say weather will start having an even bigger impact on prices.
A Brazilian agribusiness consultancy announced a new forecast reduction for the country’s second corn crop because of a severe drought, adding that yields are expected to touch a five-year low this season.
USDA is set to release its latest WASDE report Thursday. Analysts say the June WASDE report typically isn’t the biggest market moving report for the month, but think there are key changes that need to be made.
Corn Prices Boosted by USDA Report Reflecting Robust Exports, Ethanol’s Rapid Recovery from COVID-19
USDA’s June World Agricultural Supply and Demand Estimates (WASDE) caused corn prices to hang on to the day’s gains, but spurred soybean prices to tumble Thursday.
The change in the weather forecast sent commodity prices plummeting Monday. Corn and soybean prices saw pressure after the weather models produced an outlook for wetter and cooler weather by the end of the week.
To get the best return-on-investment from your nitrogen (N) applications in corn consider pairing them with sulfur.
Along with that issue, Ken Ferrie addresses corn rootworm and other pests and diseases that he’s observing and addressing in the field now.
Reuters reported POET is in talks with Flint Hills Resources to buy all its ethanol assets. The possible deal would increase POET’s production capacity to up to 3 billion gallons a year.
As the extreme volatility and extended price limits played out in the markets this week, Joe Vaclavik of Standard Grain says the main issue traders are watching are possible changes to corn acreage this year.
China’s corn buying spree continued Friday with a sale of 1.36 million metric tons (mmt). The announcement came on the heels of a week of consistent new crop sales.
The unexplained suspension of operations of a key Chinese agricultural data provider has left traders, analysts and brokers scrambling for other sources of information on one of the world’s most important farm markets.
Dry weather and poorly timed planting are weighing on Brazil’s second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought.
USDA confirmed on Monday China purchased just over 1 million metric tons of new crop corn, but the country also canceled 280,000 metric tons of old crop corn. The buying spree signals tight supplies could continue.
The last seven days were busy with corn planting across the U.S.
Chinese buyers bought 1.36 million tonnes of U.S. corn, matching their seventh biggest ever purchase of U.S. supplies of the grain, the U.S. Agriculture Department said on Friday.
Colder temperatures headed your way? Consider parking your planter for a few days. Worried you need to replant a field? Free tools available here to help you make the decision.