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Tag Archives WASDE

Crops, Markets, Reuters

U.S. grains: Corn falls after higher yield estimate surprises traders

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped to their lowest prices in more than a week on Thursday after the U.S. Agriculture Department surprised traders by raising its domestic yield estimate in a monthly crop report. The losses dragged down soybean futures, which earlier approached a three-month high on lower-than-expected U.S. yield and ending […] Read more
Crops, Markets

Grains drop, soy firm following WASDE report

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Reading Time: 1 minute MarketsFarm — Monthly supply/demand data from the U.S. Department of Agriculture were supportive for soybean prices but bearish for corn and wheat, with adjustments to yields and harvested acres providing a number of surprises. Corn futures saw the largest immediate reaction at the Chicago Board of Trade, as average yields were unexpectedly raised to 168.4 […] Read more
Crops, Markets, Reuters

U.S. grains: Corn falls; wheat, soy rise

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped on Friday while soybeans and wheat edged higher in muted trading as investors waited for the U.S. government’s monthly update to harvest projections. Corn futures remained under pressure from profit-taking after prices jumped to a seven-week high on Tuesday. The market shrugged off long-awaited news that the […] Read more
Crops, Spring Wheat, Winter Wheat

Global wheat production to decrease, USDA says

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Reading Time: 2 minutes MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
Crops, Markets

CBOT weekly outlook: Expected U.S. soybean, corn yields down

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Reading Time: 2 minutes MarketsFarm –– The U.S. Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August. The department on Thursday released its new world agricultural supply and demand estimates (WASDE). “Prices rallied after the report came out because of the […] Read more
Crops, Markets, Reuters

U.S. grains: Crop condition rating lifts corn

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. […] Read more
Crops, Markets, Weather

USDA’s August WASDE report hits commodity markets hard

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Reading Time: 2 minutes MarketsFarm — With markets largely rangebound since the end of June, the U.S. Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 cents per bushel for the September and December contracts on the […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Market bearish ahead of WASDE

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Reading Time: 1 minute MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat hits one-week top after USDA report

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to their highest in more than a week after the U.S. Department of Agriculture (USDA) lowered its forecast of global wheat production in a monthly supply and demand report on Thursday. Corn and soybeans followed the firm trend in wheat. Chicago Board of Trade September wheat settled […] Read more
Crops, Markets

CBOT weekly outlook: World wheat output seen lower than expected

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Reading Time: 1 minute MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending October 11, 2019.

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