Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.
Soybean acres were expected to get bigger than the 31 March number, but they were left unchanged. Corn acres were expected to drop, and they went up 1 million acres. Spring wheat acres declined more than the average trade guess but in line with WPI’s estimate. 1 June corn stocks were 100 million bushels above the average trade guess. 1 June soybean stocks were 20 million bushels below the average trade guess. 1 June wheat stocks were bigger than expected.
The corn and soybean markets will now be all about July and August...
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...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
