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UPDATE 1-U.S. lowers corn supply outlook, raises soybean view

(Adds details on soy supplies, corn demand, price reaction, analyst quote)By Mark WeinraubCHICAGO, June 10 (Reuters) - U.S. corn supplies will fall to an eight-year low due to rising demand from the ethanol and export sectors, the government said on Thursday.But the soybean stockpile will be bigger than expected as high prices have cut into demand for soyoil and soymeal,
Chicago Board Of Trade United States Ted Seifried Richard Chang Mark Weinraub Zaner Group

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3 Big Things Today, June 9, 2021

2. Crop Prices Buoyed by Hot Weather, Tight Rapeseed Market, Commerzbank Says Grain and oilseed prices have been buoyed in recent weeks by hot, dry weather in the U.S. Midwest, and a new report shows the rapeseed crop in France, formerly Europe’s biggest producer of the oilseed, will drop to a 20-year low, according to reports from Commerzbank. About 72% of the U.S. corn crop was rated good or excellent condition as of Sunday, down from 76% a week earlier, the Agriculture Department said ea...
United States North Dakota South Dakota Commerzbank Michaela Helbing Kuhl Agriculture Department Us Department Of Agriculture

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