USDA DAY! (6.30.22)

Farm Journal logo

Company Logo
image

Weekly Export Sales Snapshot

Corn: Net sales of 88,800 MT for 2021/2022--a marketing-year low--were down 87 percent from the previous week and 72 percent from the prior 4-week average.

Net sales of 119,300 MT for 2022/2023 were reported

 

Soybeans: Net sales reductions of 120,200 MT for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.

Net sales of 127,600 MT for 2022/2023

 

Wheat: Net sales of 496,700 metric tons (MT) for 2022/2023

Check out yesterday's Tech Talk for the technical levels to watch!

USDA Report Estimates

 

Planted Acres (millions of acres)

Corn: 89.861

Soybeans: 90.446

Wheat: 47.017

Cotton: 12.3

 

US Grains Stocks as of June 1 (billion bushels)

Corn: 4.345

Soybeans: .954

Wheat: .655

Don't have a trading account with Blue Line Futures?

Open an account from the U.S

Open an account from the U.K and Europe

Open an account from Canada

Open an account from anywhere not mentioned

 

If you have any questions about markets, trading, or opening an account please let us know!

You can email us at info@BlueLineFutures.com or call 312-278-0500

 

BlueLineFutures.com

 

 

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Tags

 

Latest News

USDA Further Trims Price Outlook
USDA Further Trims Price Outlook

USDA expects all food prices to rise 2.2% this year, down from the 2.5% increase expected last month.

How Much Upside is Left in the Wheat and Corn Markets?  Cattle Recover on Cash News
How Much Upside is Left in the Wheat and Corn Markets? Cattle Recover on Cash News

Grain and livestock close mixed Thursday. Alan Brugler, Brugler Marketing says wheat rallied for a 6th day pulling along corn and may still have some upside. Cattle recover with the help of better cash news.

University of Nebraska Professor Leads RNAi Research Targeting Western Corn Rootworm
University of Nebraska Professor Leads RNAi Research Targeting Western Corn Rootworm

Research underway at the University of Nebraska-Lincoln is showing promise by targeting western corn rootworm genes with RNAi technology.

Cattle Break Again on HPAI News: Corn Follows Wheat Higher, Soybeans Fall on Weak Exports
Cattle Break Again on HPAI News: Corn Follows Wheat Higher, Soybeans Fall on Weak Exports

Cattle futures plunge again on HPAI news but Scott Varilek, Kooima Kooima Varilek says cash is holding together. Hogs fall with cattle. Corn follows wheat but may not take out the top of the trading range.

DJI Launches New Ag Spray Drones
DJI Launches New Ag Spray Drones

Building on the Agras drone line, the T50 offers improved efficiency for larger-scale growing operations, while the lightweight T25 is designed to be more portable for smaller fields.

New Jersey Woman Receives Pig Kidney and Heart Pump in Groundbreaking Surgery
New Jersey Woman Receives Pig Kidney and Heart Pump in Groundbreaking Surgery

A New Jersey woman fighting for her life received an incredible gift from a pig last month at Massachusetts General Hospital.