While a lot of attention in the soybean market has been focused on what’s been happening with soybean production in South America for many weeks, in particular Argentina, the market is now beginning to turn its attention to what will be taking place in the U.S.
With sunflower and other oil prices slipping down, the market was turning its attention to the USDA’s Prospective Planting Report due out the end of March.
After a couple weeks of negative pressure, spring wheat prices edged a little higher as March was coming to an end and the market was anticipating the release of USDA’s Prospective Planting Report on March 31.
Early March was hard on a lot of commodities when many markets experienced a sell-off that sent prices falling, but since then prices have recovered somewhat and corn is leading the way.
While other commodity markets have seen prices fall recently, the soybean market has not had the same experience and is performing fairly well.
Whether it’s Old Man Winter or Mother Nature, whoever is in charge doesn’t appear to want to relinquish their grip on this seemingly endless winter. And as this winter marches on, nearby sunflower prices marched on as well, ending the week of March 10 unchanged to up slightly.
After a sharp sell-off at the end of February and first week in March, the spring wheat market was able to regain some ground as mid-March approached.
Corn prices have fallen some lately, dropping below $6 for old crop. But the market is considering a number of recent factors, waiting to see which direction those factors may move it in the coming weeks.
In the world of soybeans, the May/July contracts are at an inverse and that has some people in the market a little confused.
During the last week in February, nearby sunflower prices were unchanged to up 50 cents with new crop unchanged at the region’s crush plants.
As the end of February approached, there were unfortunate sell-offs in the markets, and not just wheat, but across all commodities.
The U.S. Department of Agriculture (USDA), in its first unofficial projections in terms of acreage for the 2023 growing season, is looking at a potential increase of 2.5 million planted corn acres this year. USDA came out with those projections in its annual outlook conference during the thi…
Soybean prices have seen some positive movement recently due in large part to weather conditions impacting the South American soybean crop.
After ending 2022 on a slow note and getting off to a lackluster start in 2023, old crop sunflower prices saw a nice little rally ahead of Valentine’s Day.
Not a whole lot has changed in the wheat market in recent weeks as the Great Lakes are still closed and spring planting is still weeks away.
Corn prices have been pushing against the high $6 range in recent weeks due in large part to weather in South America.
At this time, demand for soybeans is good, although soon enough world demand will be moving to South America as harvest there continues. And as this usual trend moves ahead, soybean prices have been fluctuating.
Producers have been delivering sunflower seeds in big numbers in recent weeks and that has put pressure on prices.
Looking back at the last couple months, spring wheat prices have been stuck in a trading range in the high $8s to the low $9s.
Even though the corn market, unlike soybeans, is not as dependent on exports to be successful, U.S. corn exports have been slower than usual. Despite that, the corn market has remained strong on the basis of good domestic demand.
Like other grain commodities, the soybean market was looking for new news in the Jan. 12 reports from USDA to provide some direction. What many were expecting, however, they didn’t get.
Although the 2022 sunflower season got off to a delayed start, it steadily made up ground and ended the year with 48 percent better production than the previous year. Those numbers were reflected in the latest World Agricultural Supply and Demand Estimates (WASDE) report released by USDA on …
USDA came out with its supply and demand report on Jan. 12, but that report didn’t seem to have much impact on the spring wheat market as prices stayed in the same trading range they’ve been in for the past few weeks.
USDA released four major reports on Jan. 12 – reports that will help set the direction for the corn market.
Demand for U.S. soybeans remained strong through the end of 2022 and that’s helped to push prices higher as the new year was just beginning.
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