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Tag Archives USDA


File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets

USDA attaché sees improvement in Argentina wheat, corn

Recent hot spell in Argentina may have eroded potential corn yields

By Glen Hallick Marketsfarm, GFM Network News February 7, 2024
Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina. 

CBOT soybeans ZSH24 on Feb. 6 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soybeans firm on bargain-buying ahead of USDA report

Wheat futures rose while corn ended lower on forecasts for rain in Argentina

By Karl Plume, Reuters, GFM Network News February 6, 2024
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.


CBOT soybeans ZSH24 on Feb. 5. (Barchart)
Markets, Reuters

U.S. grains: Soybeans move higher on technical trading ahead of government reports

Strong dollar weighed heavy on wheat; corn pressured by sluggish exports

By P.J. Huffstutter, Reuters, GFM Network News February 5, 2024
Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.

Photo: Canada Beef Inc.
Livestock, Reuters

Total US cattle herd drops to lowest level since 1951 – USDA

Easing dryness could encourage ranchers to begin rebuilding beef herds

By Reuters, Tom Polansek, GFM Network News February 2, 2024
Chicago | Reuters - The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Soybeans slide on disappointing US export data; corn also down

Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes

By Julie Ingwersen, Reuters, GFM Network News February 1, 2024
U.S. soybean futures fell about 1.5 per cent on Thursday on disappointing weekly U.S. export sales data coupled with strong competition from Brazil, where the soy harvest is expanding, traders said.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows

South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices

By Julie Ingwersen, Reuters, GFM Network News February 1, 2024
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.


CBOT corn ZCH24 on Jan. 30 with 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows

Wheat followed the firm trend, bouncing after a slide to one-week lows

By Julie Ingwersen, Reuters, GFM Network News January 30, 2024
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.

Lentils. (Seb_ra/iStock/Getty Images)
Markets

India looking at large lentil crop, but pulses down overall

Delayed onset of northeast monsoon slowed harvests, shortened planting window

By Phil Franz-Warkentin, GFM Network News January 30, 2024
India may be looking at a record large red lentil crop in 2023/24, although poor monsoon rains are expected to cut into total pulse area and production, according to reports out of the country.


File photo of the facade of the U.S. Department of Agriculture building in Washington, D.C. (Camrocker/iStock/Getty Images)
Markets

USDA attaché reports from Canada, other countries

Drought, grasshoppers among concerns cited for Canadian Prairies

By Glen Hallick Marketsfarm, GFM Network News January 29, 2024
The Global Agricultural Information Network of the United States Department of Agriculture issued a series of reports during the week ended Jan. 26. Of those, some of them could have an affect on the North American markets.

CBOT soybeans ZCH24 on Jan. 26 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soybeans, corn pressured by South American supply prospects

Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone

By Julie Ingwersen, Reuters, GFM Network News January 26, 2024
U.S. soybean futures sank to a one-week low on Friday and corn fell more than 1 per cent as traders focused on improving prospects for South American harvests, analysts said.


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