Page 109 - Demand Estimates News Today

Last summer, Jim McGivney watched corn prices plummet as ethanol demand fell and crop reports pointed to a 16 billion-bushel crop. “I was looking to 2021 and worried that if a vaccine wasn’t developed, how was I going to be able to market my corn? You can’t rent land here at $3.25 per bushel,” says the northwestern Illinois farmer. “It was a big crop all summer long — until those September USDA reports.” McGivney was hardly the only farmer in America perplexed by USDA’s abrupt r...

CHICAGO, Jan. 12 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board by large margins on Tuesday, led by corn. The most active

In data-heavy January report, USDA shows lower corn and soybean supplies and ending stocks, providing boost to prices.

It wasn’t just ending stocks that made Tuesday’s USDA reports so bullish. The government cut its outlook for corn production to 14.182 billion bushels from 14.507 billion bushels as its yield forecast dropped to 172 bushels an acre from 175.8 bushels. Harvested area was unchanged at 82.5 million acres. Soybean output also was lowered to 4.135 billion bushels from 4.17 billion a month earlier. The USDA’s yield projection declined to 50.2 bushels an acre from 50.7 bushels a month earlie...

Global corn ending stocks has been further cut to 283.83 million mt for 2020-21, down 5.13 million mt from the December forecast and down 19.18 million mt from 2019-20, the US Department of Agriculture said in its World Agricultural Supply and Demand Estimates report, released Jan. 12. Foreign corn ending stocks are lower, mostly reflecting ...

On Jan. 6, March corn briefly traded above $5 for the first time since 2014. Corn has come a long way from the bearishness of early 2020, but are supplies tight enough to support prices at $5 or more?

Profit-takers slice corn, soybean prices.

Markets break past prior price resistance on lower stocks.

USDA today released its January Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Stocks and Winter Wheat Seedings reports. WHEAT: The outlook for 2020/21 U.S. wheat this month is for stable supplies, higher domestic use, unchanged exports, and lower ending stocks. Feed and residual use is raised 25 million bushels to 125 million [...]

Wheat rallies on Russian export tax.