Markets - General
The USDA February WASDE report released Tuesday revealed expectations for higher beef production this year, a projection the agency says is driven by beefed up cattle slaughter and heavier weights.
As the substantial demand looks to be rooted in a need for feed and food, corn purchases from China may not be over yet and could be on track to hit a new record. However, actual shipments are lagging.
The corn price momentum quickly faded on Tuesday as traders seemed disappointed by conservative adjustments to its corn import forecast for China.
A month after USDA releases its final production estimates, USDA’s February report typically doesn’t provide major revisions. With possible changes to corn demand, analysts say Tuesday’s report could be different.
While volatility seems to be a vibrant theme in today’s markets, both corn and soybean prices have failed to make new highs. Could USDA’s report next week change that? Matt Bennett and Brian Grete weigh in.
The barometer drifted lower in January to a reading of 167. Even so, it shows areas of farmer optimism about making capital improvement investments and the outlook for farmland values.
An exclusive interview with the NASS Chief of Crops about Farm Bureau’s recommendations to improve transparency and accuracy of NASS reporting.
China’s historic buys last week seem to come with nervousness from other major importers. So, are the higher prices rationing demand? Analysts say it’s not happening with China, yet.
With the run-up in stock prices for GameStop, AMC and others, could corn, soybeans or cattle be next? Listen to what Tommy Grisafi of Advance Trading had to say about it on U.S. Farm Report this weekend.
While China’s hunger for corn made headlines, Suderman says the steady demand for soybeans is creating a serious supply concern. That’s why there are now fears the U.S. could run out of soybeans.