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Tag Archives USDA

Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea.  Photo: IanChrisGraham/iStock/Getty Images
Markets

U.S. corn, soybean, wheat yields to rise in 2024/25

More soybean acres; corn and wheat area to drop

By GFM Network News, Glen Hallick - MarketsFarm February 16, 2024
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.

Photo: Getty Images
Markets

U.S. grains: Corn, soy futures set new three-year lows as US forecasts hefty supplies

U.S. soybean crushings dropped more than expected from a record high

By GFM Network News, Reuters, Tom Polansek February 15, 2024
U.S. forecasts for increasing crop inventories on Thursday drove corn and soybean futures to their lowest prices in more than three years as traders remained worried about strength of demand.


Photo: John Deere

Deere cuts 2024 profit view as borrowing costs hurt demand

Executives expressed caution about margin performance amid weakening farm economy

By Bianca Flowers, GFM Network News, Reuters February 15, 2024
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.

(Simazoran/iStock/Getty Images)
Markets

U.S. grains: Soy and corn set three-year lows on fund selling, supply outlook

Markets down about 10 per cent this year, traded on lowest levels since late 2020

By GFM Network News, Reuters, Tom Polansek February 14, 2024
Soybean and corn futures fell to three-year lows at the Chicago Board of Trade on Wednesday under pressure from fund selling and expectations for increased U.S. supplies, analysts said.


(Medioimages/Photodisc/Getty Images)
Markets

CBOT weekly outlook: Bearish picture for commodities

Prices may not go much lower given the commodities have hit contract lows, says analyst

By GFM Network News, Glen Hallick - MarketsFarm February 14, 2024
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.

U.S. grains: Soybeans and corn continue to be pressured by global supplies
Markets

U.S. grains: Soybeans and corn continue to be pressured by global supplies

Wheat futures weighed by falling Russian prices

By GFM Network News, P.J. Huffstutter, Reuters February 13, 2024
Chicago Board of Trade (CBOT) corn futures firmed slightly on Tuesday on technical trading, but still hovered near three-year lows as ample global supplies, improving South American crop prospects, and intense export competition weighed over the market.


(Eclipse_images/E+/Getty Images)

Number of US farms falls and size increases, census shows

Number of acres in production falls by 20 million

By GFM Network News, Leah Douglas, Reuters February 13, 2024
Farms in the U.S. continued to get larger and the number of farms fell between 2017 and 2022, new data released by the U.S. Department of Agriculture showed on Tuesday.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets

U.S. grains: Bargain buying supports CBOT soybeans and corn after 3-year lows

Market keeps eye on South American weather

By GFM Network News, P.J. Huffstutter, Reuters February 12, 2024
Chicago Board of Trade soybean futures firmed on Monday on bargain buying and a weaker U.S. dollar, but remained near multi-year lows as nearby contracts struggled to shake off technical resistance, traders said.


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.


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