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According to the U.S. Department of Agriculture, the weekly wheat export sales figure were of 226,300 metric tons (MT) for delivery in marketing year 2021/2022. Increases primarily for Japan (148,700 MT), Mexico (31,100 MT, including decreases of 1,200 MT), unknown destinations (18,500 MT), Jamaica (9,400 MT, switched from unknown destinations and decreases of 300 MT),

After a fairly quiet start, US grain prices rebounded sharply yesterday when the USDA figures were released at the end of the day. Indeed, corn prices hit limit up within the minute of the data release. Soybeans contracts raced more than 6% higher, gaining 67 1/2 cents to 90 1/2 cents of the $1 limit.

According to the U.S. Agriculture Department, U.S. soybean and corn plantings were smaller than expected this spring. Thus there are raising concerns about global supplies as a separate report showed that domestic stockpiles were already at multi-year lows. The data shocked the market, sparking a rally in Chicago Board of Trade corn and soybean futures,

Grain prices were mixed but mostly lower on Chicago. Nearby corn contracts were the yesterday session’s clear winner, rising 2.96% higher. Also soybean oil futures saw gains of nearly 3%. While soybeans picked up fractional gains. Meantime, wheat stumbled on a round of profit-taking and technical selling with spring wheat contracts that fared worst of

According to the Russian agricultural consulting IKAR, Russia’s wheat production in 2021 could reach 83.6 million tons, an increase over the previous 82 million tons. The consultancy sees Russian grain exports this year at 39 million tons. Russia produced 85.9 million tons of wheat in 2020.

According to data showed this morning by European Commission, softwheat exports from the European Union in the 2020/21 season, had reached 25.38 million tonnes by June 27. That was down from 34.64 million tonnes cleared by the same week last season, the data showed. EU 2020/21 barley exports had reached 7.08 million tonnes, against 7.61

Its expect USDA to leave US durum acreage at ~1.54 million acres. In Canada, analysts are expecting a slight (200,000 acre) decline in the STC durum area to 5.5 million acres. Meantime, Canadian durum exports for week 46 were strong at 103.9,000 mt for a YEAR-TO-DATE total of 5.6 million mt. This is over 1