Independent Agri Commodity Insights
Signup for email updates – click here The long-awaited USDA June Acreage report has given some food for thought. June USDA Acreage Report: Corn: At 92M acres, the planted area is still +3% year on year. However, 5M acres less than the March estimate at 97M acres. Chicago Corn futures…
Market movements last week were fairly moot prior to the release of the greatly anticipated USDA World Agricultural Supply Estimates. While the mildly bearish June World Agricultural Supply and Demand Estimates contained few surprises, with the USDA taking a cautious approach as ever, grains came under pressure. The June estimates…
Daily Markets Rainfall in key Black Sea production areas which has eased some yield concerns. Crop plantings in the US are nearing completion, and emergence is also currently above average at 78%, far ahead of last year’s figure of 42%. The condition scores for the US corn crop have also…
The Black Sea plays an important part in the global wheat market and will likely become the global reference market for wheat in the future as yields and export capacity continue to grow. The below infographic highlight the key wheat producing regions, exports as a percentage of world export as…
USDA wheat overview: The initial outlook for 2020/21 international wheat is for larger supplies, increased trade, greater consumption, and higher ending stocks. Foreign supplies are projected to increase 23.2 million tons to 982.4 million as several major exporters (Argentina, Australia, Canada, and Russia) are projected to have…