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Markets mixed on new crop estimates

Thomas Winz/The Image Bank/GettyImages Soybean prices stand firm immediately following USDA’s latest report, while corn and most wheat contracts spill lower. Suggested Event Jun 15, 2021 to Jun 17, 2021 With the first look at 2021/22 supply and demand estimates, the May 2021 World Agricultural Supply and Demand Estimates (WASDE) report is full of valuable insights to unpack. New crop corn futures edged lower on reduced demand estimates in the new crop year, largely...
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China 2021/22 corn output seen up 4.3%

By Hallie Gu and Shivani Singh BEIJING, May 12 (Reuters) - China’s 2021/22 corn output is expected to rise by 4.3% on increased acreage and yields, the agriculture ministry said on Wednesday. China was expected to produce 271.81 million tonnes of corn in the 2021/22 year, up from 260.67 million tonnes a year ago, the Ministry of Agriculture and Rural Affairs said in a report.
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CBOT Trends - Soy up 20-25 cents, corn steady-up 4 cents, wheat down 2-4 cents

CHICAGO, May 12 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Wednesday.NOTE: Trade awaits U.S. Agriculture Department's monthly World Agricultural Supply and Demand Estimates (WASDE) report, scheduled to be released at 11 a.m. CDT (1600 GMT) on Wednesday.
Chicago Board Of Trade United States Alexander Smith Mark Weinraub Us Agriculture Department Chicago Board

Soybeans surge near 9-year high on tightening supplies

Soybeans up ahead of U.S. report Corn near highest since 2013; wheat flat By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, May 12 (Reuters) - Chicago soybeans climbed more than 1.5% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned
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3 Big Things Today, May 12, 2021

1. Soybean Futures Jump in Overnight Trading Soybeans surged and corn was modestly higher in overnight trading ahead of today’s World Agricultural Supply and Demand Estimates (WASDE) report from the U.S. Department of Agriculture. The USDA is expected by analysts to lower its outlook for domestic soybean inventories and Brazilian corn production. Government officials have
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U.S. projects tight soybean, corn supplies even after harvest

5/12/2021 CHICAGO, May 12 (Reuters) - Strong domestic demand will keep U.S. stockpiles of corn and soybeans near seven-year lows even after farmers harvest the crops they are currently seeding, the government said on Wednesday. The U.S. Agriculture Department projected that U.S. corn stocks would stand at 1.507 billion bushels by Sept. 1, 2022, up from 1.257 billion bushels expected on Sept. 1, 2021. Soybean stocks in September 2022 were seen rising just 20 million bushels from 120 million bush...
United States Mark Weinraub Caroline Stauffer Us Agriculture Department World Agricultural Supply Demand Estimates

Domestic demand to pressure U.S. corn, soy, wheat stocks as exports fade

Article content CHICAGO — Strong domestic demand will keep U.S. stockpiles of corn and soybeans near seven-year lows even after farmers harvest the crops they are currently seeding, the government said on Wednesday. The stocks estimates were in line with market expectations but the report showed that the recent gains in ag commodities, highlighted by soybean futures’ rally to a nearly nine-year high this week, are likely to continue. We apologize, but this video has failed to load. Try refr...
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Afternoon Market Recap for May 12, 2021

Prices mixed after traders digest a big supply and demand report from USDA USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report, out late this morning, held a lot of grain data for both the current marketing year and for 2021/22 that ultimately had a mixed effect on grain prices today. Soybeans were the session’s big winner, climbing another 1.75% and capturing double-digit gains. But corn slid around 1% lower after some technical selling today, and some wheat prices ...
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