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Tag Archives USDA


Markets

Attaché sees larger Indian rapeseed crop than USDA

Cold weather beneficial; harvested area, yields steady

By GFM Network News, Glen Hallick - MarketsFarm February 9, 2024
The United States Department of Agriculture’s attaché in New Delhi forecast an increase India’s production of rapeseed-mustard for 2023/24. The attaché projected a harvest of 11.90 million tonnes versus the 11.70 million expected by the department.

Photo: Scharfsinn86/Getty Images
Markets

U.S. grains: Soybeans, corn stuck near 3-year lows on abundant supplies

Wheat futures higher on bargain buying, short covering

By GFM Network News, Karl Plume, Reuters February 9, 2024
U.S. corn and soybean futures hovered near three-year lows on Friday as South American crop weather improved and forecasts called for plentiful supplies, but losses were limited by short covering ahead of the weekend.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets

U.S. grains: Soybeans turn higher, grains lower, on raft of government data

Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter

By GFM Network News, P.J. Huffstutter, Reuters February 8, 2024
Chicago Board of Trade soybean futures ended the day higher on Thursday on a flurry of late-session buying, as the market struggled to gain clarity on the size of the Brazilian crop, traders said.

(GrainsConnect.com)
Crops, Markets

USDA raises U.S. carryout, tightens Brazilian production

World wheat carryout estimate downgraded, but well above previous year

By GFM Network News, Phil Franz-Warkentin February 8, 2024
Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.


Photo: Getty Images
Markets

U.S. grains: Corn, soybeans touch new multi-year lows on grain glut worries

Easing heat wave in Argentina tempers crop worries

By GFM Network News, P.J. Huffstutter, Reuters February 7, 2024
Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets

USDA attaché sees improvement in Argentina wheat, corn

Recent hot spell in Argentina may have eroded potential corn yields

By GFM Network News, Glen Hallick - MarketsFarm February 7, 2024
Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina. 


CBOT soybeans ZSH24 on Feb. 6 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soybeans firm on bargain-buying ahead of USDA report

Wheat futures rose while corn ended lower on forecasts for rain in Argentina

By GFM Network News, Karl Plume, Reuters February 6, 2024
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.

CBOT soybeans ZSH24 on Feb. 5. (Barchart)
Markets

U.S. grains: Soybeans move higher on technical trading ahead of government reports

Strong dollar weighed heavy on wheat; corn pressured by sluggish exports

By GFM Network News, P.J. Huffstutter, Reuters February 5, 2024
Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.


Photo: Canada Beef Inc.
Livestock

Total US cattle herd drops to lowest level since 1951 – USDA

Easing dryness could encourage ranchers to begin rebuilding beef herds

By GFM Network News, Reuters, Tom Polansek February 2, 2024
Chicago | Reuters - The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets

U.S. grains: Soybeans slide on disappointing US export data; corn also down

Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes

By GFM Network News, Julie Ingwersen, Reuters February 1, 2024
U.S. soybean futures fell about 1.5 per cent on Thursday on disappointing weekly U.S. export sales data coupled with strong competition from Brazil, where the soy harvest is expanding, traders said.


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