Page 82 - Demand Estimates News Today

The March World Agricultural Supply and Demand Estimates was largely ignored by the trade with the Russia-Ukraine war in full view. However, the U.S. Department of Agriculture did surprisingly acknowledge and make some minor adjustment to the balance sheet with the Black Sea export disruptions.

South American crop production and Black Sea trade flows to take center stage in March WASDE.

World dairy prices show little sign of weakening. The February 15 weighted average at the Global Dairy Trade auction jumped 4.2%.

USDA released the Grains and Oilseeds Outlook as the department opens its USDA Outlook Form online on Thursday. The report offers the first look at how USDA sees the 2022-23 crop marketing year playing out. USDA sees record corn production and soybean production remaining relatively steady. Surprisingly, USDA sees lower prices for the 2022-23 crops even as crop insurance will offer higher protection levels.

USDA has extended the deadline to enroll in Dairy Margin Coverage and Supplemental Dairy Margin Coverage.

The pace of Ukraine’s wheat exports remained steady during the past week ended Feb. 21, but export prices of the grain took a tumble amid escalating tensions with Russia. S&P Global Platts had assessed Ukraine wheat FOB at $306/mt Feb. 21, over 4% lower from $320/mt on Jan. 21, due to the ongoing tensions in ...

Fed-cattle prices raised, milk production forecast lowered

The US Department of Agriculture increased its estimate for global wheat exports in marketing year 2021-22 to 206.7 million mt, against 204.4 million mt, according to the latest World Agricultural Supply and Demand Estimates report released Feb. 9. The rise in the export estimates is primarily due to an increase in projections for Argentina, India ...