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 6.23.2021

Brazilian soybean loadings are 316,814 Mt/d so far this month, down from 391,891 Mt/d in May and 411,596 a year ago. Some farmers are holding back stocks, which is hampering exports and causing some crushers to import beans. Brazilian imports this month stand at 2,400 Mt/d, and are the first since February. Less than favorable …

Grains Market Clipps 6.8.2021

The US exported 213,252 Mt/d of corn in May, or 43% above a year ago. Stresses on US crops are continuing amid hot and dry weather, and another cut in USDA corn & bean ratings is possible next week. Uncertainty over drought prospects are keeping prices elevated, but more favorable weather is possible as the …

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 …