The corn condition in the US that is currently rated good or excellent is 60% of the crop. That is slightly below the year-ago rating of 62%, however, ratings for corn dented and corn mature are slightly ahead of last year, at 60% and 11% respectively. Recent rains across several of the dryer portions of …
Tag Archives: United States
Grains Market Clipps 8.31.2021
US grain exports are typically low at this time of year already, but the passage of Hurricane Ida over southern Louisiana and the Mississippi River is limiting exports even further. Nearly 50% of the approximately 301,334 Mt of waterborne corn, wheat and soybeans loaded in the US so far this year, have originated from the …
Grains Market Clipps 8.24.2021
US wheat exports are below average so far this month, registering a daily pace of 29,770 Mt/d. That is down 49% from July, and 57% lower than the same month a year ago. Exports are 687,166 Mt on an absolute volume basis, which is down sharply from the 2.14mn Mt exported a year ago. The …
Grains Market Clipps 7.26.2021
Brazilian corn exports are still flagging, with less than a week to go in the month. Exports usually begin surging in July, as the second, Safrinha, crop is harvested. However, the late planting and frost late last month have weighed on loadings. The loading rate is only 31,066 Mt/d so far this month, which is …
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 6.28.2021
US corn loadings are 50% lower so far this month than in May, and currently at 106,521 Mt/d. Loadings normally decline after a peak sometime between March and May, as the new crop is planted and developed. This month’s drop is slightly larger than average, with June loadings falling 14% in 2020, 56% in 2019 …
Grains Market Clipps 6.24.2021
Russian wheat exports are up sharply so far this month, at 49,193 Mt/d. Volumes are increasing on the prospect of an improving crop and better weather conditions. Russian exports were 8,540 Mt/d in the same month a year ago and 15,779 Mt/d in June 2019. Meanwhile, the US wheat crop condition is deteriorating, with 49% …
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 …