THE OPEN Nov beans: 10 lower Dec meal; 2.30 lower Dec soyoil: 52 lower Dec corn: 2 1/2 lower Dec wheat: 3 3/4 lower The markets opened as called but quickly moved lower as funds turned sellers into an open harvest weekend. Most commodities outside grains are also trending weaker, which is making this a macro-sell side. IHS Market released new acreage estimates based on the latest Farm Service Agency numbers:
Corn acreage: increasing by 420,000 acres from the USDA's Sep. crop report to 93.7 mln for 2021; production: 15,046 mln bu Soybean acreage: increasing by 150,000 acres from the USDA's Sep. crop report to 87.5 mln for 2021; production: 4,381 mln bu...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
