Page 112 - Demand Estimates News Today

Australian 2020-21 wheat prospects seen brighter; China, Pakistan imports to surge: USDA The US Department of Agriculture Dec. 10 bumped up Australia’s both 2020-21 wheat production and export estimates 5.3% from November projections, and signaled competitive prices are expected to open up new market opportunities for the country. Australia, which went through three straight seasons of weak production from prolonged dry conditions, is expected to produce 30 million mt of wheat in 2020-21 (Oct...

December WASDE shows lower soybean ending stocks, corn supplies steady The USDA released its December Crop Production and World Agricultural Supply and Demand Estimates report. USDA dropped soybean ending stocks down to 175 million bushels, 15 million bushels lower than last month due to an increase in the domestic crush. Total U.S. oilseed production for 2020-2021 is projected at 123.7 million tons, down from last month’s report. The U.S. season-average soybean price is $10.55 a bushel, up ...

Missed some ag news this week? Here are seven stories to catch you up. 1. Measured by the bushel, the U.S.-China relationship has never been stronger. Pig farmers in China and crop farmers in the U.S. have become increasingly interdependent. But the deeper reliance is tenuous. As the trade war showed, the market can quickly evaporate and exports warn that any number of geopolitical events could end with another chill on Chinese imports. China is also developing its global supply chain and aimin...

Since early August, wheat prices have increased $1.54, corn $1.19, milo $2.15 and soybeans $3.11. Unless we get too excited about the price increases, cash wheat prices are still 20 cent below the 10-year average price, and corn prices are 46 cents below average.   Some prices to get excited about are soybean prices, which are 65 cents above average and milo prices, which are $2.15 above the 10-year average price. Milo prices are normally 25 cents below corn prices but ...

2. Export Sales of Soybeans and Wheat Rise Week-to-Week Export sales of soybeans and wheat were higher week-to-week while corn sales were little changed, according to the USDA. Soybean sales in the seven days that ended on Dec. 3 were reported at 569,000 metric tons, up 40% from the previous week’s marketing-year low, but down 42% from the prior four-week average, the agency said. China was the big buyer at 685,400 metric tons, Mexico bought 178,600 tons, Thailand was in form 103,800 tons...

Wheat has its moment to shine, thanks to Russian rumors and the December WASDE AgweekTVs Michelle Rook and Randy Martinson of Martinson Ag Risk Management talk about wheats big moment, the disappointments in the corn market, the outlook for soybeans and spinning wheels in the cattle market. Written By: Michelle Rook | 3:30 pm, Dec. 11, 2020 The wheat market has dawdled behind corn and soybeans, but its had its moment to shine this week. AgweekTVs Michelle Rook...

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Week in review: Corn futures follow wheat higher to end the week.

The Sprout: Otter-ly in love By Kelsey Johnson. Published on Dec 11, 2020 11:33am In June 2020, the chamber of the House of Commons was outfitted with large video screens to allow MPs to participate in hybrid in-person and virtual sittings. (Andrew Meade/iPolitics) Good morning and welcome to the Sprout, where this wee tale about otters finding love online has just made your host’s week. (P.S. it’s National Noodle Ring Day, which we’re not entirely sure what that means, but Sat...

2. Ethanol Production Surges to Eight-Month High, Stockpiles Also Increase Ethanol output jumped to an eight-month high and stockpiles increased to their highest level since May, according to the Energy Information Administration. Production of the biofuel rose to an average of 991,000 barrels a day in the week that ended on Dec. 4, the EIA said in a report. That’s up from 974,000 barrels a day, on average, the previous week and the highest since the seven days that ended on March 20. In...