Reading Time: 2 minutes There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
USDA lowers U.S. soybean/corn yield estimates
CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn
Reading Time: 2 minutes The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.
Brazilian soybeans/corn turn around, but jury out on Argentina
Reading Time: 2 minutes Things have been greatly improving for Brazilian soybean and corn crops, while the jury is still out for Argentina, said Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
Feed Grain Weekly: Barley, corn in southern Alberta on par with each other
Reading Time: < 1 minute Feed barley and corn imported from the United States are currently trading at the same price into southern Alberta, said Lethbridge-based Darcy Haley, vice-president of Ag Value Brokers.
More wheat, less corn in Argentina for 2024/25 says United States Department of Agriculture attaché
Reading Time: < 1 minute As wheat production in Argentina is projected to increase in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires, the country’s corn output is to be smaller than in the previous year.
CBOT Weekly: Corn, soybeans rising, wheat slipping
Reading Time: 2 minutes Corn and soybean prices rose at the Chicago Board of Trade during the week ended Oct. 23, 2024. However, wheat prices went lower during the same week.
CBOT Weekly: Trade too low on U.S. corn, soybeans ahead of S/D report
Reading Time: < 1 minute Estimates for U.S. corn and soybeans are perhaps too low and wheat prices are set to increase due to smaller global supplies.
China to grow more corn in 2024/25
Reading Time: < 1 minute Corn production in China is expected to increase to 293 million tonnes in 2024/25, said a report from the United States Department of Agriculture attache in Beijing, with improved yields overriding a slight reduction in harvested area.
CBOT Weekly: USDA report, short-covering raising prices
Reading Time: 2 minutes The USDA Quarterly Grain Stocks report as of Sept. 1 caused prices at the Chicago Board of Trade (CBOT) to rise during the week ended Oct. 2, 2024.
Canadian purchases of U.S. corn off to slow start
Reading Time: < 1 minute Canadian purchases of corn from the United States are off to a slow start in the 2024-25 marketing year, with ample old crop barley supplies likely limiting demand.
A message from April Stewart, Country Guide's Associate Editor
