Page 37 - Demand Estimates News Today

Afternoon report: Wheat prices mixed but mostly lower to start the week.

The Senate is expected to approve a new deputy secretary for USDA this week as lawmakers return from their July 4 break facing a backlog of fiscal 2024 spending bills heading into the August recess.

Analyst says slow export demand may be holding back corn prices.

The price and margin outlook continues to challenge the nation’s dairy farmers, with little sign of immediate relief.

U.S. farmers planted 6% more corn acres this spring, and 5% fewer soybean acres, setting up the need to potentially ration soybean demand with projected tight supplies and higher prices ahead.

The latest World Agricultural Supply and Demand Estimates report from the U.S. Department of Agriculture offers little change, as expected. Mac Marshall, United Soybean Board vice president of market intelligence,

While the corn market is in a “full-blown” weather market, it’s a similar story for soybeans, although not quite to the same extent as corn.

Following the latest World Agricultural Supply and Demand Estimates (WASDE) report that USDA released in mid-June, there wasn’t much reaction to the report by the sunflower market with nearby prices

The higher beginning stocks reflected educed exports for 2022-23, which were down by 15 million bushels to 2 billion bushels.

Dry and some drought conditions in parts of the U.S. Midwest have grain markets on edge. Rallying grain prices are signalling USDA production estimates could be too high.