Page 102 - Demand Estimates News Today

  Last week’s Quarterly Grain Stocks report provided some hints about USDA’s adjustments that are likely in today’s WASDE report. USDA’s National Agricultural Statistics Service (NASS) pared 28 million bushels of corn from December 1, 2020 quarterly stocks last Wednesday, while adding 13 million bushels of soybeans and 29 million bushels of wheat to December 1 inventories. The adjustments were made due to late-submitted reports from off-farm and commercial storage facilities. We will s...

Corn suffered a moderate setback Friday, while soybeans faced double-digit losses Grain prices were mixed after traders digested a big set of data from USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report, out late this morning. Corn prices slipped a bit lower, even despite USDA trimming stocks significantly – that expectation was already baked into the markets earlier this week. Stubborn soybean stocks failed to move lower than 120 million bushels, which led to some ...

US corn export shipments up 4% on week, 6% from prior four-week average: USDA US weekly corn export shipments for the 2020-21 marketing year (September-August) totaled 2.053 million mt in the week ended April 1, up 4% from 1.978 million mt in the previous week, Department of Agriculture data showed April 8. The weekly export shipments for the 2020-21 marketing year were up 6% from the prior four-week average, the USDA said in its Exports Sales Highlights report. The main destinations of the shi...

4/9/2021 CHICAGO, April 9 (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. WHEAT - Up 5 to 8 cents per bushel * Dry conditions in the U.S. Plains support wheat market. * MGEX spring wheat hit a one-month high overnight. * Benchmark CBOT May soft red winter wheat rose above its 100-day moving average for the first time since March 24 during the overnight trading session. ...

UPDATE 1-U.S. says strong demand to cut corn supply; prices hit highest since June 2013 Reuters 1 day ago Popular Searches By Mark Weinraub CHICAGO, April 9 (Reuters) - U.S. corn supplies will shrink by more than previously forecast due to rising demand from the ethanol, livestock feed and export sectors, the U.S. Agriculture Department said on Friday. The supply outlook sparked a rally that pushed corn futures to their highest in nearly eight years, and heightened focus on the next U.S. crop...

Pierre, SD, USA / DRGNews Apr 9, 2021 6:19 AM Starting with the May 12, 2021 release (issue No. 612), the following changes will be made to the World Agricultural Supply and Demand Estimates (WASDE) report: U.S. Soybeans and Products Supply and Use (page 15): “Biofuel” will replace “Biodiesel” in the soybean oil section, reflecting recent changes to the monthly biofuels data reported by the U.S. Energy Information Administration. The WASDE will follow soybean oil used for biofuel as rep...

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Analysts were expecting USDA to finally show reduced U.S. corn stocks in its April World Agricultural Supply and Demand Estimates (WASDE) report, out Friday morning, after stubbornly holding them steady a month ago. The agency noted a moderate downward shift today, pushing them down 150 million bushels to 1.352 billion bushels. That news kept corn prices in the green, with gains of around 1% immediately following the report. Soybean stocks held steady at 120 million bushels, meantime, with whea...

4/9/2021 CHICAGO, April 9 (Reuters) - U.S. corn supplies will shrink by more than previously forecast due to rising demand from the ethanol, livestock feed and export sectors, the U.S. Agriculture Department said on Friday. In its monthly World Agricultural Supply and Demand Estimates report, USDA forecast that the domestic corn stockpile will fall to 1.352 billion bushels by Sept. 1, down from 1.919 billion bushels in September 2020. That compares to the governments March outlook for corn endi...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "Auction sales of Chinas old-crop wheat stocks continue to be large and domestic corn prices in China remain at a premium to wheat. This is expected to further increase Chinas 2020-21 wheat feed and residual use," the report said. Wheat ending stocks in China are expected to decline for the first time in eight years in 2020-21, USDA said. It sees Chinas 2020-21 wheat ending stocks ...