Wheat futures in the US were at $6.95 per bushel, bouncing near the 20-month low of $6.65 touched on March 9th amid expectations of a strong Brazilian supply. Russia also reported it has no objection to extending the grain deal that places a safe trade corridor for exports of grain out of Ukrainian Black Sea ports. Ukraine is one of the world’s top exporters and the current deadline is March 18th deadline. Ukraine, like Russia reported to have a stronger … Continue reading “Wheat Bounces Near 20-Month Low as Ukrainian Black Sea Port Deal Extended”
USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) for September 2022
The USDA Released its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Monday, Sept. 12. Analysts concluded the U.S. ending stocks estimates were neutral for corn and wheat while bullish for soybeans. The world ending stocks estimates were seen as moderately bearish for corn, bullish for soybeans and neutral for wheat prices. The USDA cut corn production 415 million bushels (mb) to 13.94 billion bushels (bb) and cut soybean production 153 mb to 4.378 bb … Continue reading “USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) for September 2022”