USDA’s July WASDE and Crop Production reports will be issued today. June 1 stocks point to larger wheat and corn old-crop stocks. The June Acreage report points to lower corn production. The market looks for corn 2020/21 stocks to be lowered to 2,693 million bushels versus 3,323 in Ju...
Wheat prices saw another bullish run after USDA released updated data. Going into the report, the expectation of high new crop supplies largely capped pre-report gains, especially as forecasts favor bumper winter wheat crops in the European Union, Ukraine, and Russia this summer. ...
Today's World Agricultural Supply and Demand Estimates (WASDE) report predicts a 14 percent increase in United States (US) rice production from last year. Supplies, exports, domestic consumption, and ending stock forecasts are all up for the 2018/19 season. The heightened supply outlook at ...
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HOUSTON (ICIS)–Corn harvest has reached 30% while soybeans are at 47% completed, according to the latest US Department of Agriculture (USDA) weekly crop progress report. The current rate of the corn harvest is just behind the 31% level a...
Traders are awaiting the WASDE report for insights on global supply and demand, crucial for market direction. An increase in crude oil prices also supported the market. The US cotton crop is in favourable conditions. ICE cotton showed stability and gains due to short ...