Page 85 - Demand Estimates News Today

The USDA maintained its 2021-’22 forecast for soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 12. Soybean production is expected to be higher, with soybean oil prices unchanged.

Production Down but Prices Strong

AgweekTV's Michelle Rook and Randy Martinson of Martinson Ag Risk Management discuss the South American forecast, January WASDE numbers, demand and more on the Agweek Market Wrap, sponsored by Gateway Building Systems.

UK wheat prices have slipped further in recent days following wider global market trends. Farmers Weekly’s UK spot feed wheat prices gathered on 14

Market Speaks: USDA Sees Marginal Uptick In Global Wheat Output, Trims Outlook For Consumption

After weeks of hot and dry conditions that have caused crop conditions to steadily decline, widespread heavy showers are forecast for about a week across Argentina and Southern Brazil.

The USDA maintained its 2021-’22 forecast for soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 12. Soybean production is expected to be higher, with soybean oil prices unchanged.

After weeks of hot and dry conditions that have caused crop conditions to steadily decline, widespread heavy showers are forecast for about a week across Argentina and Southern Brazil.

Corn, soy waver between gains and losses as markets digest USDA reports.

Corn jumped higher to start the week as South American weather took center stage.