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Tag Archives ending stocks — page 8

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Crops, Markets

CBOT weekly outlook: USDA report affecting corn, soybean prices

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) monthly world agricultural supply/demand estimates (WASDE), released Monday, have since played a major role on the Chicago Board of Trade (CBOT), one trader says. Terry Reilly, grains analyst for Futures International in Chicago, said while corn ending stocks (1.219 billion bushels) and average yield (172.5 bushels per […] Read more
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Crops, Markets

Production, ending stocks down for U.S. corn, soybeans

Worldwide soy, corn stocks also revised lower

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MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
(Dave Bedard photo)
Crops, Markets

Ending stocks tumble due to drought: StatCan

Canola stocks are below 'pipeline levels'

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MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Chicago soy futures bounce back after USDA forecasts

Corn crop forecast to be smaller than expected due to weather

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Chicago | Reuters — Chicago soybean futures turned higher on Friday, as traders questioned a surprisingly large record-crop forecast and focused instead on August weather as recent hot and dry days threaten key U.S. growing areas. Soybean futures slid sharply after the U.S. Agriculture Department on Friday forecast U.S. soy farmers would glean a record […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

Wheat, soybeans buck expectations in USDA report

Soy ending stocks figure adjusted higher

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MarketsFarm — Projected average yields and production for wheat and soybeans for 2022-23 went against many analysts’ expectations, according to the U.S. Department of Agriculture (USDA). USDA released its monthly world agriculture supply and demand estimates (WASDE) on Friday, which surprisingly showed upward revisions for average yields and production despite pre-report estimates showing the opposite. […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC raises wheat, canola production estimates

Ending stocks outlook mixed

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MarketsFarm — Canadian wheat and canola production are both expected to come in above earlier expectations in updated supply/demand projections from Agriculture and Agri-Food Canada, released Thursday. However, while wheat stocks are also expected to rise, the canola carryout was revised lower due to expected increases in exports and domestic usage. The government agency raised […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)
Crops, Markets

July report from IGC has few changes

Numbers tweaked from previous month's report

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MarketsFarm — Other than a few tweaks, there were no major changes in the latest monthly report from the London-based International Grains Council (IGC) released Thursday. In comparing the July report with that from June, the IGC tweaked its estimate for total global grain production for 2022-23. It trimmed output by 0.13 per cent at […] Read more
File photo of a maize crop under irrigation in South Africa. (Deldew/iStock/Getty Images)
Crops, Markets

South Africa looking at another large corn crop in 2022-23

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MarketsFarm — South Africa is reported to be well on its way to producing another 15 million-plus-tonne corn crop in 2022-23, according to the U.S. Department of Agriculture (USDA) attaché in Pretoria. However, it will be far less than the USDA’s current estimate of 17.3 million tonnes. Nevertheless, if the attaché’s forecast were to hold, […] Read more
File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Crops, Markets

USDA attaché alters call on China’s ending stocks

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MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more

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