Page 100 - Demand Estimates News Today

5/10/2021 CHICAGO, May 10 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Friday. NOTE: Traders expected to square positions ahead of U.S. Agriculture Departments monthly World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday. The May WASDE will be the first to include estimates for the 2021/22 marketing year. WHEAT - Down 14 to 16 cents per bushel * Technic...

2. Speculators Curb Net-Long Positions in Corn and Beans Money managers reduced their net-long positions, or bets on higher prices, in corn to the lowest level in almost two months while also lowering their bullish bets on beans, according to the Commodity Futures Trading Commission. Investors held a net-355,499 corn futures contracts as of May 4, down from 362,238 contracts a week earlier, the CFTC said in a report. That’s the smallest such position since March 9. Hedge funds and other la...

Ag Marketing IQ The variability in yield relative to trend projections is a major factor contributing to the increased price volatility that is often seen throughout the growing season. Effective management of price volatility is essential to successful marketing. In the short term, the pace of planting and USDA’s upcoming May 12 World Agricultural Supply and Demand Estimates could determine whether this phase of the rally still has legs. After that comes a long growing season and the governm...

Corn prices have jumped 142% in the past year amid rising demand from China, drought in Brazil Corn prices have jumped 142% in the past year amid rising demand from China, drought in Brazil Will DanielMay 5, 2021, 01:11 IST Farmer Dan Roberts inspects his corn crop during the harvest in Minooka, Illinois.Jim Young/Reuters Corn prices hit an eight-year high after rising more than 140% in the past year. Rising demand from China and Latin America coupled with falling supply are behind the surge. U...

Comstock Images/Thinkstock Photos/Getty Images The air is thin after explosive rally pushed corn, soybean futures to highest levels in nearly a decade. Suggested Event Aug 31, 2021 to Sep 02, 2021 Last week’s move by nearby corn and soybean futures to the highest levels in nearly a decade was impressive by any measure. New crop contracts also reached fresh highs, blowing through spring objectives I posted in mid-March,  even challenging targets for summer gains su...

Losses underpinned by tightening global supplies, lingering drought conditions Corn down 2-4 Wheat down 2-10 cents Corn As April comes to a close, corn futures are slated to end the month up 15% - the largest monthly gain for the contract in over two years. As the May 2021 contract expires, traders are expecting deliveries on the first notice day to be minimal against the backdrop of tightening global supplies and strong cash demand. Corn prices moved $0.02-$0.03/bushel lower this morning as a ...

The following marketing analysis is for the week ending April 23. CORN — Let’s just take a moment and absorb this week’s impressive rally to prices not seen since July 2013! Old crop corn contracts locked up the 25-cent limit on April 22. The nearby contract closed above $6.00 for the first time since 2013. A combination of demand (high basis levels), cool temperatures in the United States (which will slow germination), stress on Brazil’s safrinha corn crop caused by a lack ...

MORE As I reported last week, the Agriculture Department raised its estimate on 2021 milk production in its latest World Agricultural Supply and Demand Estimates (WASDE) report issued April 9, based “primarily on increased cow numbers.” Projected Class III and Class IV milk prices were also raised. The 2020/21 U.S. corn outlook was for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks.  The feed and residual use proje...

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The following marketing analysis is for the week ending April 9. CORN — A return from the long Easter holiday weekend saw old crop corn test support levels, only to fight back throughout the week and into the April World Agriculture Supply and Demand Estimates report. Old crop corn staged a big rally on April 8 as fund buying surged on little fresh news.  December corn moved sideways in the first half of the week and was able to stay above the gap higher left from post-March 31 repor...