Page 103 - Demand Estimates News Today

4/7/2021 By Karl Plume CHICAGO, April 7 (Reuters) - The U.S. Department of Agriculture (USDA) will alter how it reports soybean oil use by biofuels producers beginning with its monthly World Agriculture Supply & Demand Estimates (WASDE) report in May, a USDA spokesperson told Reuters on Wednesday. The change to the closely watched report, viewed as the global gold standard in agriculture data, comes amid rising demand for vegetable oils from producers of renewable diesel, a clean burning fuel m...

Chicago and Kansas City follow Minneapolis futures higher on yield concerns Corn up 1-2 cents Wheat up 8-11 cents Corn Corn prices inched up this morning, supported by ongoing planting delays in Brazil. Rainy forecasts in the Midwest over the next few days are also contributing to the morning’s gains. USDA releases its weekly export sales report this morning. Old crop corn export sales are likely to register smaller volumes than last week, with market analysts projecting a range between 19.7 ...

Tight supplies underpin overnight gains for all three major grain crops Corn up 2-5 cents Wheat up 1-5 cents Corn Yield losses in Brazil are expected to reach 3.6% after delays in the preceding soybean harvest pushed planting paces for Brazil’s second crop of corn outside of its optimal planting window. Since the majority of the crop is exported, the yield losses – which could potentially be offset by an acreage increase – improved corn futures prices this morning. Corn futures prices ros...

Plus, could grain buyers be changing purchasing patterns? If you’re anything like me, you spent the past few days icing your neck after the whiplash from the March 31 USDA reports. Trade estimates largely missed the mark on Wednesday’s USDA 2021 Prospective Plantings report. Lower acreage estimates for 2021 corn and soybean production sent futures contracts soaring up to each commodity’s respective daily limits - $0.25/bushel for corn and $0.70/bushel for soybeans on Wednesday, be...

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The Texas A&M AgriLife Replicated Agronomic Cotton Evaluation trial harvest in Castro County. New planting season considerations underway As cotton producers across the Texas High Plains begin preparing for a new season, Texas A&M AgriLife Extension Service specialists are providing up-to-date information on the performance results of commercially available varieties across the state during 2020 trials. “Although 2020 was a tough year, variety results are still valuable when making 2021...

AgweekTV's Michelle Rook and Randy Martinson of Martinson Ag Risk Management talk about the U.S. Department of Agriculture's decision to leave ending stocks alone for now and what a lack of news is doing to the markets.

Texas cattle rancher Kimberly Racliff told the Wall Street Journal that without fair trade, farmers are "not going to to get the full value of what were selling." Paul Fribourg, CEO of agricultural investment firm Continental Grain Co., told the Journal that the U.S.-China relationship is the food industrys single biggest challenge. "The last four years, China perceived us as the enemy. Thats a mistake, " Fribourg said. "If we arent seen as reliable, that will destroy one of our biggest comp...

Tight global supplies to continue driving India’s maize exports till May Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, however, raised the ...

Tight global supplies to continue driving India’s maize exports till May March 11, 2021   Maize (corn) exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization (FAO), a UN arm, and the US Department of Agriculture have both projected that the ending stocks this marketing season (July 2020-June 2021) would be lower compared with last year. Both agencies have, ho...