Glacier FarmMedia – SOYBEANS traded rangebound and had little movement on the Chicago Board of Trade on Monday.
The United States Department of Agriculture reported 528,427 tonnes of soybeans were inspected for export during the week ended March 26, down 28.3 per cent from the week before and 47.4 per cent from the same week last year. So far this marketing year, shipments totalled 29.182 million tonnes, 27 per cent less from one year ago.
The USDA is scheduled to release its planting intentions and grain stocks reports on Tuesday. The trade is expecting March U.S. planting intentions at 85.55 million acres for soybeans, up 4.33 million from last year. March 1 soybean stocks would be at 2.067 billion bushels, up 158 million from last year. Both the planting intentions and grain stocks reports will be published on Tuesday.
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AgRural estimated Brazil’s soybean crop at 75 per cent harvested as of March 26. The crop was projected at 178.4 million tonnes, up 400,000 from the previous estimate.
CORN was down for the third straight session on Monday for its longest downturn since January.
The USDA reported corn export inspections of 1.789 million tonnes, up 5.1 per cent from the week before and 4.1 per cent compared to a year ago. Marketing year exports for 2025-26 totalled 46.37 million tonnes so far, 36.11 per cent more from a year ago.
The trade is estimating 94.37 million acres of corn to be planted this spring in the U.S. this year, down 4.4 million from last year. Corn stocks would be at 9.104 billion bushels as of March 1, up 957 million from the year before.
The USDA reported a private export sale of 145,000 tonnes of corn to unknown destinations this morning.
AgRural said the Brazilian safrinha corn crop was 99 per cent planted, while reducing its production estimate by 500,000 tonnes at 135.7 million.
WHEAT prices were mixed as more areas of the U.S. Plains received rainfall last weekend than expected. However, there’s little chance for more rain this week as hot temperatures and strong winds will affect western hard red winter wheat areas.
The USDA showed wheat inspections of 364,219 tonnes, up 20.7 per cent from the week before and 27.4 per cent from one year ago. The marketing year total is 20.30 million tonnes, an increase of 16.7 per cent from last year.
The trade estimated 44.79 million acres of wheat will be planted in the U.S., down 544,000 acres from last year. Wheat stocks as of March 1 would be 1.31 billion bushels, up 73 million from one year earlier.
