Page 104 - Demand Estimates News Today

2. Ethanol Production Increases to Highest Since Mid-January Ethanol output jumped to the highest level in almost two months while inventories declined, according to the Energy Information Administration. Production of the biofuel rose to an average of 938,000 barrels a day in the week that ended on March 5, the EIA said in a report. That’s up from 849,000 barrels a day, on average, the previous week and the highest level since the seven days that ended on Jan. 15, government data show. I...

* Wheat dips after climbing 1.5% on strong global demand * U.S. forecasts strong demand for China’s wheat imports (Adds quote in paragraphs 3-4, details on China’s wheat demand) SINGAPORE, March 10 (Reuters) - Chicago wheat futures slid on Wednesday, taking a breather from a strong run-up in the last session, although the U.S. Department of Agriculture’s (USDA) forecast for strong demand put a floor under the market. Soybeans eased after four straight sessions of gains, while corn dipped ...

Grains stumble on a round of profit-taking.

(Adds analyst quote, details, updates prices) CHICAGO, March 9 (Reuters) - The U.S. Agriculture Department (USDA) left its outlook for domestic corn and soybean supplies unchanged at seven-year lows on Tuesday. While the stocks forecast was slightly bigger than what analysts were expecting, it showed that supplies will remain tight until U.S. farmers begin harvesting crops in the fall when a big-crop will be needed to satisfy robust domestic and export demand. Chicago Board of Trade soybean and...

Wheat ticks down after rally, strong demand forecast limits decline Chicago wheat futures slid on Wednesday, taking a breather from a strong run-up in the last session, although the U.S. Department of Agriculture’s (USDA) forecast for strong demand put a floor under the market. Soybeans eased after four straight sessions of gains, while corn dipped for a second consecutive day. “The USDA increased overall global demand for soybeans, corn and wheat,” said Ole Houe, director of advisory ser...

Soybean futures, corn futures, and wheat futures were all lower overnight after a lackluster WASDE report.

The March 2021 World Agricultural Supply and Demand Estimates (WASDE) report was largely expected to be a bit of a sleeper. But keeping true to form over the past year, USDA surprised markets by forecasting higher Brazilian soybean production instead of slightly lowering that total. The World Agricultural Outlook Board (WAOB) added 36.7 million bushels of output to Brazil’s soybean crop. USDA’s upward adjustment is meant to reflect increased production for the 2019/20 Brazilian crop. Beginn...

Corn, soybeans etch out modest gains; Wheat prices continued to struggle Thursday, in contrast.

CHICAGO, March 9 (Reuters) - The U.S. Agriculture Department left its outlook for domestic corn and soybean supplies unchanged at seven-year lows on Tuesday.USDA forecast in its monthly World Agricultural Supply and Demand Estimates report that the U.S. corn stocks will stand at 1.502 billion bushels by Aug. 31 and soybean stocks at 120 million bushels.

1. Soybeans Jump to Highest in Almost Seven Years Soybeans surged to the highest price in almost seven years and grains were higher in overnight trading on adverse weather conditions in South America. Farmers in parts of Brazil, the world’s largest exporter of soybeans, have been unable to harvest their mature crops due to excessive precipitation in several growing areas. Rain again fell last week in several Brazilian states including Mato Grosso, Mato Grosso do Sul, Goias, and Sao Paulo, ...