USDA November WASDE Overview

USDA WASDE Overview The November USDA WASDE provided support to both grain and oilseed markets. Corn While the majority of the November WASDE changes were expected, there were some key surprises, leading to a rally in US corn futures. Ukraine – Following the unfavourable conditions for maize, private estimate for…

Read More

Market shocked by June USDA crop reports

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…

Read More

Low impact WASDE report

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…

Read More

US ethanol production recovering

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…

Read More