agricultureandfarming

According to the U.S. Department of Agriculture, wheat export sales for the period Dec. 31, 2021 – Jan. 6, 2022 were at 264,400 metric tons (MT).That was up noticeably from the previous week, but down 20% from the prior 4-week average. Increases primarily for the Philippines (50,000MT), Mexico (42,300MT, including decreases of 18,500MT), Algeria (33,000MT), Japan (26,800MT), and Jamaica (22,000MT), were offset by reductions primarily for […]

US farm markets were mixed but mostly lower following USDA’s highly anticipated World Agricultural Supply and Demand Estimates (WASDE) report, which the agency released yesterday late in the morning.  Corn prices wobbled and ultimately closed with losses of 0.33%. Soybeans were the session’s lone winner, moving more then 0.9% higher after USDA showed lower-than-expected South American

The outlook for 2021/22 U.S. wheat this month is for smaller supplies, reduced domestic use, lower exports, and higher ending stocks. Imports are lowered 10 million bu to 100 million on a slower than expected pace for Durum and Hard Red Spring. Feed and residual use is lowered 25 million bushels to 110 million on lower implied feed and residual use

US farm markets, closed yesterday’s session higher, as traders finished squaring their positions ahead of this morning’s World Agricultural Supply and Demand Estimates (WASDE) report from USDA.  Corn and soybean gains were modest, as prices pickked up by 0.21% and 0.13% by the close respectvily. Soymeal prices ended the day 0.77% in the red, while