According to the latest USDA Oil Crops Outlook, U.S. canola imports have ballooned over the last two months, totaling more than 540 million pounds. This amount has not been exceeded in the last three marketing years until the eighth month of the marketing year. As a result, the USDA now pegs…
U.S. soybean production is now forecast at 4.38 billion bushels, down 3 percent from the previous forecast and down 1 percent from 2021, according to the latest USDA crop production report, which was released Sept. 12. That news helped give a boost to soybean prices.
Although harvest is pressuring durum prices down across the region, overall they are still strong, historically speaking.
Back in June, NuSun sunflower prices were in the low $40 range, but since then, prices have continued a steady slide back to more typical prices in the mid to upper $20 range.
There continues to be very little news to move the wheat market, and although harvest is moving along and usually pressures prices, most of that pressure was before harvest and prices have somewhat stabilized since then.
The latest crop production estimate for corn called for less production in the U.S. than the previous estimate and that had the market react in a positive way.
The adage is that “soybeans are made in August.” And now that August is over, agencies, organizations, and private analysts are starting to come out with their initial thoughts on just how “made” soybeans are in 2022.
Back in June, the USDA reported in its June 30 Acreage Report that canola acres in North Dakota in 2022 were 1.57 million. This was a drop of 200,000 acres from the March Prospective Plantings report. It also stated that it would re-survey several crops in the region, including canola, and r…
Durum is hitting the point where it’s starting to feel more harvest pressure in the market.
With sunflower harvest still many weeks away, the sunflower market took into consideration the latest acreage reports from the USDA’s National Agriculture Statistics Service (NASS) and the Farm Service Agency (FSA) while also continuing to watch the weather and keep an eye on crop progress.
For the whole month of August, the wheat market has been stuck in a trading range as harvest is in full swing and the market waits on new news to give it direction.
Even though harvest is weeks off, early estimates for yield and total production for corn have started coming in and the market is reacting to that and getting a lot of attention.
Canola prices have deteriorated in the past few weeks due to macro issues – Chinese growth slowdown, cooler Midwest forecasts in the U.S., increased grain flow from Ukraine, and higher production expected in North America. Lower European Union (EU) rapeseed futures have also weighed on canol…
Soybean prices, like prices in other grain commodities, are well off their highs. But, unlike other commodities, soybeans have been able to retain a bit more strength.
The durum market, at a standstill of late with prices trending down, is waiting for harvest to begin in full.
The various grain commodity markets, including sunflower, were waiting in anticipation of new supply and demand numbers from the U.S. Department of Agriculture, as well as certified acres numbers from the Farm Service Agency (FSA), to provide direction. However, the FSA numbers were delayed,…
The spring wheat market has been stuck in place and looking for some new news to provide some direction.
Corn prices have definitely come down from their highs earlier this summer, but there was some good news, along with some good numbers, in the recent USDA supply and demand and crop production reports.
Canola prices had stabilized recently after risk-off trading from the large funds negatively affected all the commodities. Then, in late July, grain export restrictions in Ukraine and hot U.S. forecasts caused the vegetable oil markets to jump. Canola prices at local crush plants gained near…
August is the month that soybeans are “made,” and by the looks of things, this year’s soybean crop is shaping up to be average…good, but not great.
While volatility may be associated with other wheat markets, that’s certainly not the case for the durum market, which has remained steady for the past several weeks.
Since the early part of summer, sunflower prices have fallen around $15 per hundredweight as the war between Russia and Ukraine persists. The sunflower market continues to keep a close watch on any new developments.
Volatility continues to dominate the spring wheat market, although things have stabilized a little recently, according to Erica Olson, market development and research manager for the North Dakota Wheat Commission.
This year’s corn crop is shaping up to be a good one, though not great, as the market continues to watch and trade on the weather.
Canola prices have stabilized after the commodity market meltdown, as the market attention turns to new crop conditions and the weather outlook. Given that speculative fund money is now in a net short position in ICE canola futures, the bullish optimism of traders seems to have faded along w…
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