Category Archives: Uncategorized

CORN CBOT corn prices fell to their lowest level since 2020 on Monday due to expectations of a bumper corn crop and continued farmer selling, which put pressure on future corn prices. CBOT corn prices rose on Tuesday due to a heatwave threatening crops in the U.S. Midwest and the lower-than-expected rating from the U.S….

CORN CBOT corn prices rose sharply on Monday, recovering after a week at multi-year lows due to buying activity aimed at offsetting drought conditions. CBOT corn prices fell on Tuesday as the Midwest crop tour began to show positive results for the grain, but drought conditions in some Midwest regions caused prices to drop to…

CORN CBOT corn prices rose on Monday after the U.S. Department of Agriculture forecast a larger corn crop than its July estimate, though it anticipated a lower-than-expected acreage. Meanwhile, analysts surveyed by Reuters predicted that the agency would lower its rating for this grain by 1 percentage point by the end of the day. CBOT…

CORN CBOT corn prices rose on Monday as commodity funds covered short positions in response to signs of a weakening U.S. economy and a declining dollar, market analysts said. CBOT corn prices fell on Tuesday as a stronger dollar negated the gains made the previous day after funds had covered short positions amid a broad…

CORN Spot purchase prices for U.S. soybeans and corn were mostly stable or weaker at grain elevators and river terminals on Monday. Farmers have hedged some of their corn as prices recovered from initial losses, according to John Stewart & Associates. The basis had a generally weaker tone, particularly in the western regions, the company…

CORN The CBOT corn price increased sharply on Monday due to short-covering and the spillover effect from soybean futures, as market participants unwound short positions that had been established in anticipation of Trump’s potential re-election. The CBOT corn price extended its gains into the second day on Tuesday, with the most active ZC1! contract reaching…

GRAIN MARKET REVIEW: COARSE GRAINS The July World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture added more bullish ideas on demand to the factors involved. In its Grain Market Report of July 18, the International Grain Council (IGC) said its sub-index for maize prices had “firmed in recent weeks,…

USGC EXAMINES POSSIBLE DDGS EXPORTS TO INDIAN DAIRY INDUSTRY USGC recently traveled to India to examine the possibility of exporting distiller’s dried grains with solubles (DDGS) to the Indian dairy industry. “Currently, there is no market access for US DDGS in India, but there is massive demand for dry fodder in the livestock industry,” said…

CHINA FACES SOYBEAN GLUT AS PEAK U.S. EXPORT SEASON NEARS China is facing an oversupply of soybeans as record high purchases boost stockpiles at a time when animal feed demand remains subdued, with prices of products such as soyoil and soymeal set to sink even lower. The soybean surplus also threatens to curb China’s appetite…

IGC REVISES WHEAT, CORN PRODUCTION HIGHER The IGC sees 2024-25 total grains production, which includes wheat and coarse grains, 8 million tonnes higher than the June forecast at a record 2.321 billion tonnes, a 1% increase from the previous year. It said the outlook for wheat production in North America, Pakistan and Kazakhstan was improved,…