ICE cotton showed stability and gains due to short covering at lower price levels yesterday. These gains were viewed as purely technical, without any change in the market fundamentals. Traders are eagerly awaiting the release of the WASDE report today, which is expected...
HOUSTON (ICIS)–The US Department of Agriculture (USDA) has lifted the expectations for corn production slightly while soybean production is being projected to be down marginally according to the September World Agricultural Supply and Demand Estimates (...
USDA reduced both import projections and feed and residual targets for U.S. wheat in today’s report, widening wheat stocks by 15 million bushels to 851 million bushels. The feed and residual adjustment is largely a function of December 1, 2020 quarterly grain stocks revisions, which were made...
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...
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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...
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 ...