Markets - General
Jon Scheve discusses the likelihood of increased corn exports and what what will happen to corn prices when farmers are in the middle of planting.
Corn and soybean prices finished Friday in the green again. The market momentum is a change from February’s decline on the CME. So, what changed to start March? Brian Grete and Sam Hudson provide perspective.
With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.
Traders said that the recent sell-off may have sparked some buying interest from importers that had viewed U.S. corn as too expensive when compared to supplies from other countries.
With improved snowpack in areas such as Montana and precipitation through the midsection of the country late last fall and this winter, the Mississippi River and its tributaries could be back to normal by this spring.
The acreage numbers were not too surprising, says Jerry Gulke, president of Gulke Group. What held a bigger punch was the demand picture.
USDA’s Ag Outlook Forum pointed to a 3% increase in total planted acres of corn, soybean and wheat acres, a signal that stocks will grow in 2023. Market analysts say traders may be shifting their focus to new crop.
History suggests combined corn and soybean acres of up to 181 million, but several unknowns suggest combined acres could be higher in 2023.
How will big South American production impact U.S. producers who are preparing to plant a crop this spring?
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA’s latest Agricultural Baseline Projections.