Page 46 - Demand Estimates News Today

Record global wheat and maize crops forecast 2023-05-16

To showcase capabilities of Wheat Data product.

Source of info on US wheat by class.

This Market Intel dives into the May WASDE for updated estimates of the current 2022/23 marketing year crop and looks at what may be in store for the 2023/24 marketing year.

Read our latest report on the USDA's early global wheat production figures for the 2023-24 agriculture marketing year.

* USDA forecasts drought-affected U.S. wheat supply at 16-year low * Looming Black Sea corridor deal deadline also underpins wheat * Corn and soybeans steady after slide on record U.... | 08:43am

The USDA predicts more soybean oil will go to biofuel production in 2023-’24, according to forecasts made in the agency’s latest WASDE report, released May 12. Soybean oil prices are expected to be down slightly.

Randy Koenen of Red River Farm Network and Randy Martinson of Martinson Ag Risk Management discuss surprising numbers in today's WASDE report on this week's Agweek Market Wrap.

Afternoon report: Corn prices also slightly firm on Friday; soybeans face moderate cuts.

Wheat futures were higher, soybean futures were lower and corn futures were little changed overnight.