Markets - General
USDA will alter how it reports soybean oil use by biofuels producers beginning with its monthly World Agriculture Supply & Demand Estimates (WASDE) report in May, a USDA spokesperson told Reuters.
Drought continues to grasp the western half of the country. As some farmers wait on rain to plant, Tommy Grisafi outlines some marketing tools to consider.
A week ago, USDA issued an explosive Prospective Plantings report. Coming off such a large report, USDA’s April WASDE report typically doesn’t spark a wild reaction. However, one analyst thinks 2021 could be different.
The supply-and-demand outlook already suggested profit potential into 2022/23 (not continuously high prices, but profit opportunities).
Cotton futures rose on Wednesday supported by concerns that dry weather in West Texas, the largest U.S cotton-producing region, may weigh on U.S supplies of the crop.
U.S. soybean futures edged higher on Tuesday as harvest delays in Brazil stoked concerns about short-term supply disruptions.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
A state-by-state breakdown of the acreage report shows North Dakota farmers plan to increase corn acres by 69% over 2020, but even with the large increase, U.S. Farm Report analysts say there are still acres missing.
Lean hog futures finished slightly higher Tuesday. The strengthening U.S. dollar may be a factor, but there are also other fundamentals playing into the market.
Just a day ahead of two major USDA reports, soybean prices slid. The May contract closed 26 cents lower on Tuesday, with prices settled at $13.66. Corn saw similar action on the CME Tuesday.
The March 31 Prospective Plantings and Grain Stocks reports are known for a surprise or two, as well as causing some price volatility.
Hard late-March rains in Argentina have set the stage for smooth wheat and barley sowing, but the storms arrived too late to help corn and soy yields in areas that had been pounded by months of dry weather.
U.S. quarterly stock data from USDA has long been known to create waves in the market, but the recent reports have felt tsunami-like due to some unusually large and unexpected adjustments to previous numbers.
Cotton futures edged lower in choppy trading on Monday, pressured by a firmer dollar, while expectations for a reduction to forecasts for planted acreage in a federal report due later this week put a floor under prices.
It’s not just the record prevent plant acres in North Dakota last year that will come into play in 2020, fall field work in 2020 also saw a record. And current seed sales show more corn acres in 2021.
USDA reports have the chance of throwing out some surprises. So, what may some of those surprises be when UDSA releases its Prospective Plantings report next week? U.S. Farm Report analysts weigh in.
USDA revealed COVID-19 is still impacting U.S. pork supplies. The latest Hogs and Pigs Report showed a surprise reduction in overall numbers, including sows.
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.
The Energy Information Administration said on Thursday it will expand biofuels data in its monthly report to account for the growth in U.S. production of renewable fuels.
U.S. wheat futures fell to their lowest level of 2021 on Thursday, pressured by improving global production prospects and a firmer dollar, which tends to make U.S. grains less competitive globally, analysts said.
ICE cotton futures fell on Wednesday to the lowest in more than a month on a stronger dollar and expectations that rainfall in Texas would be beneficial for the natural fiber crop
Weather is always a factor in the commodity markets, but this year, weather could be an even bigger catalyst for higher or lower prices.
Last week, China had its largest weekly buy of corn since January. But with a possible improving weather scenario in South America, is the top of the market in? Joe Vaclavik and Matt Bennett weigh in.
On Thursday, the market closed lower, but prices made a comeback Friday. Joe Vaclavik says despite the trade’s reaction after the purchase were confirmed, this week’s buys create an even better story for corn demand.
The outlook for agriculture is uncertain, but more optimistic than it was a few months ago, according to the 2021 U.S. Baseline Outlook report compiled by FAPRI.
The Fed on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.
The same week U.S., Chinese officials will meet for the first time under the Biden Administration, China made two big corn purchases. Arlan Suderman of StoneX says while it may seem coincidental, the demand is real.
This year could post the largest corn, soybean and wheat acreage since 2014. That’s according to Allendale’s annual, nationwide producer survey.
In just over two weeks, USDA will issue its Prospective Plantings report. With a record number of corn and soybean acres expected, analysts think the USDA report may not produce many surprises.
Global demand is focusing on China’s upcoming needs, which are largely unknown. The market is watching to see if they will buy more, cancel purchases, or delay shipments to next season.