USDA will release its April WASDE report with supply/demand revisions tomorrow, but it is almost impossible to make a case for why any of those numbers will be bullish because of several reasons.USDA will release its April WASDE report with supply/demand revisions tomorrow 11 April at 12 p.m. (EDT). It is almost impossible to make a case for why any of those numbers will be bullish because of the following reasons:
The 1 March U.S. quarterly stocks of corn, wheat and soybeans were all bigger than expected by the trade. Those larger numbers should be reflected in either reduced feed consumption for corn and wheat or in an upward adjustment to the 2016 production estimate for soybeans. Either way, the result should be at least slight incre...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
