Grains Market Clipps 8.10.2021

Soybean meal exports from Argentina fell 5.6% in July from June, to reach 2.33mn Mt. June had advanced to the highest so far this year at 2.47mn Mt, and surpassed the June 2020 peak at 2.46mn Mt. The highest on our records was reached in July 2019 at 2.89mn Mt. Argentina’s agricultural loadings were weighed …

Grains Market Clipps 8.3.2021

Argentina’s grain exports made a respectable showing in July, despite environmental issues faced by growers and shippers. There were 3.29mn Mt of corn loaded during the month, which was down 8.4% from a year ago. Wheat exports rose 129% to 501,711 Mt, while Soybean loadings declined 24% to 707,844 Mt. Combined loadings of all three …

Grains Market Clipps 7.27.2021

Russian wheat exports are maintaining the generally downward trend that’s been in place since September, when they peaked at 129,157 Mt/d. The pace this month is currently 37,787 Mt/d, and down 63% from the same month a year ago. Exports typically reach a bottom in June before rebounding sharply in July, but are also down …

Grains Market Clipps 7.20.2021

Corn and soybean prices on the CBOT have steadied at higher levels in the last couple days, as signs of improving US crops took some steam out of recent rallies. Corn ratings were generally higher across Indiana, Illinois and Pennsylvania, while soybeans improved in Illinois, Kansas and Nebraska. If this translates into higher exports later …

Grains Market Clipps 7.13.2021

Following a US corn planting season that progressed faster-than-normal, the development of the crop has lost some ground recently. Only around 26% of the crop is silking, which is below the five-year average of 30%. The corn condition shows 65% good-to-excellent compared to 69% a year ago. The next worry for the market is drought …

Grains Market Clipps 7.7.2021

Soybean exports from Brazil fell to 255,113 Mt/d in June from 398,945 Mt/d in May. Both levels were sharply below the same periods a year earlier, with exports in June 2020 at 411,596 Mt/d. Some farmers were said to be holding back exports while awaiting higher prices, but prices have been sideways or lower since …

Grains Market Clipps 6.4.2021

Chinese soybean imports in May were 305,283 Mt/d, which were up 52% from April, but down 7% from a year ago. Brazil accounted for 96% of the total, or 294,231 Mt/d, and should continue to be the largest provider until the US crop is harvested beginning in September. Argentina also provides soybeans to China, but …

Grains Market Clipps 6.2.2021

Argentinian exports of corn, wheat and soybeans fell 20,341 Mt, or 16%, in May versus to April. The drop compares to an increase of 6% in the same month a year ago. Corn accounted for the bulk of the decline, with exports falling by 33,568 Mt on the month. That was countered by an increase …