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.
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.
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.
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 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.
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.
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.
The adage goes like this: “Soybeans are made in August.” But what does “making’ them really entail, and do looks really account for much?
A bearish WASDE report (World Agricultural Supply and Demand Estimate) in mid-July pressured sunflower prices lower along with a number of other commodities.
Since passing the Fourth of July holiday and entering a key part of the growing season, one word – volatility – best describes what’s happening in the U.S. spring wheat market, as well as a number of other grain commodities.
Weather is an important factor for “making” a good corn crop, and July is an important month in corn’s development. That’s why when the weather turned hot and humid in July, the market, along with analysts and producers, took notice. But this doesn’t necessarily mean bad news for this year’s…
The bad news in early July is that soybean prices have fallen significantly from its earlier highs, though they’re still in the teens, which is still positive. The good news is that China is back buying more U.S. soybeans.
Sunflower acres increased in the final planted acreage report from USDA on June 30, but sunflower prices fell off of their recent record highs.
Like many other grain commodity markets, the spring wheat market saw prices slip again as we reached the Fourth of July holiday weekend.
In the U.S., everyone expects to see fireworks on the Fourth of July. This year, they’re also seeing fireworks of a different nature in the markets.
New crop canola took a decidedly negative turn in the third week of June along with old crop as world vegetable oil markets retreated.