Glacier FarmMedia – All three major United States WHEAT varieties showed double-digit declines on Friday.
Temperatures are expected to exceed 21 degrees Celsius over the weekend in the U.S. Plains and Midwest regions. The central and southern plains could also see temperatures above 30 C. Rainfall chances are forecast to improve at the start of April.
The U.S. Department of Agriculture on Thursday reported wheat export commitments at 23.85 million tonnes as of March 12, up 14 per cent from last year and made up 97 per cent of the USDA’s export projection for 2025-26, below the average pace. So far this marketing year, 19.28 million tonnes were shipped for export, 78 per cent of the USDA’s yearly estimate, above the average pace.
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FranceAgriMer rated the French wheat crop to be 84 per cent good to excellent, unchanged from the previous week. Durum was at 81 per cent, also unchanged.
May CORN was lower for the first time since Monday after hitting resistance at US$4.70 per bushel.
Wildfires have destroyed 700,000 acres in Nebraska, killing one person and displacing cattle herds. This has resulted in ranchers needing to find feed for their animals as well as lowering chances of herd expansion.
The USDA reported corn export commitments at 67.66 million tonnes, 30 per cent larger than the same period last year. It is also 81 per cent of the USDA’s projection for this marketing year, near the average pace. So far this year, there have been 43.46 million tonnes of corn shipped for export, 52 per cent of the USDA’s yearly estimate, seven points ahead of the historical average for this time of year.
An attaché from the U.S. Department of Agriculture estimated eight million tonnes of Chinese corn imports for 2026-27.
The Buenos Aires Grain Exchange reported the Argentine corn harvest at 13 per cent complete.
SOYBEANS turned lower for the first time in four sessions on Friday.
The USDA reported 36.79 million tonnes of soybean export commitments, down 19 per cent from last year. It is 86 per cent of the USDA’s yearly estimate, down eight points from the average. Export shipments have totalled 28.06 million tonnes, 65 per cent of the USDA’s projection and behind the average of 81 per cent.
The U.S. Department of Agriculture attaché in China estimated the country’s corn imports for 2026-27 at eight million tonnes, the same as the previous year. However, the meeting between U.S. President Donald Trump and Chinese President Xi Jinping was postponed to mid-May, leaving future soybean purchases uncertain.
The BAGE reported Argentina’s soybean crop at 38 per cent good to excellent, up three points from the previous week.
