Chicago | Reuters — Avian flu has wiped out 50.54 million birds in the United States this year, making it the country’s deadliest outbreak in history, U.S. Department of Agriculture data showed Thursday. The deaths of chickens, turkeys and other birds represent the worst U.S. animal-health disaster to date, topping the previous record of 50.5 […] Read more
U.S. avian flu outbreak of 2022 wipes out record number of birds
Vast majority of caseload originated with wild birds: USDA
CBOT weekly outlook: Cordonnier sees little change in U.S. corn, soy yields
MarketsFarm — As corn and soybean harvests in the United States wrap up for 2022-23, one analyst believes there will be little change in the yields determined by the U.S. Department of Agriculture (USDA). Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said USDA’s November call of 172.3 bushels per acre […] Read more
Cordonnier stands pat on South American crop projections
La Nina 'is still out there,' analyst says
MarketsFarm — At this point in the South American planting season it’s too early to get an accurate bead as to how much corn and soybeans will be grown in Brazil and Argentina, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. Cordonnier recently issued his latest estimates, keeping his […] Read more
U.S. grains: Chicago futures slide on profit taking, slumping dollar
Wheat slips following USDA report
Chicago | Reuters — Chicago corn, wheat and soybean futures all fell on Thursday as investors across the board sought to take profits amid global supply questions, even as the U.S. dollar tumbled on news that U.S consumer prices rose less than expected in October, traders said. The monthly U.S. inflation reading is being closely […] Read more
CBOT weekly outlook: Rising U.S. corn, soy yields ‘a little surprising’
'Somehow the USDA found higher yields'
MarketsFarm — Updated estimates in the U.S. Department of Agriculture’s monthly supply/demand report, released Wednesday, saw larger than expected increases to soybean and corn yield estimates in the country. However, that data did little to move the markets, with the commodities likely stuck in a sideways range for the time being, according to a trader. […] Read more
U.S. grains: Wheat drops as USDA raises global supply view
USDA lifts U.S. corn, soy yield views; stocks still tight
Chicago | Reuters — U.S. wheat futures fell on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly raised its global supply outlook in a monthly report, citing larger crops in Australia, the U.K. and Kazakhstan that offset lower Argentine and EU production. A firmer U.S. dollar also weighed on wheat, along with optimism about […] Read more
U.S. grains: Wheat, corn, soy ease as traders await crop data
Wheat traders eye Black Sea supplies
Chicago | Reuters — U.S. grain and soybean futures on Tuesday eased on long liquidation ahead of the release of widely followed government crop forecasts on Wednesday, analysts said. The wheat market also grappled with Black Sea supply prospects as Ukraine sought to expand a grain deal allowing exports from Black Sea ports. The most-active […] Read more
U.S. grains: Soybeans, corn sag on worries about China demand
Upcoming USDA data in focus
Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat […] Read more
U.S. grains: Corn futures end down as U.S. export sales disappoint traders
Chicago | Reuters – U.S. corn futures slumped on poor export demand on Thursday, analysts said, while wheat futures also declined. Traders were disappointed as the U.S. Department of Agriculture (USDA) reported weekly U.S. corn export sales of 264,000 tonnes in the week ended Oct. 20. That was below the low end of analysts’ estimates that ranged […] Read more
CBOT weekly outlook: October USDA report delivers few major changes
Soy could see 'a few more days' higher
MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market […] Read more