FORT COLLINS, Colo. China is back in the U.S. soybean market for the first time in three months, but it appears to be motivated more by goodwill than necessity for now, and its impact on U.S. supply remains muted at this point.
FORT COLLINS, Colo. Recent and expected warm temperatures are seen helping late-planted U.S. corn and soybeans move toward maturity and avoid early frost, but the Crop Watch producers are not any more optimistic about yields as a result. The growers still have concerns about light test weights in the corn and low pod counts in the soybeans, along with reduced pod fill in the last couple weeks.
FORT COLLINS, Colo. Speculators remain steadfastly bearish toward Chicago-traded grains and oilseeds, but the selling likely paused late last week on friendly U.S.-China trade developments and relatively neutral data from the U.S. government.
FORT COLLINS, Colo. The U.S. Crop Watch producers have reported slower-than-normal development in their corn and soybeans all season because of late planting and cooler temperatures, but the warmer weather expected across the Corn Belt for the next two weeks is exactly what the crops need to help push them toward the finish line.
CHICAGO Speculators boosted pessimism toward Chicago-traded corn last week and maintained their negative soybean views, and this could limit downside in the futures market later this week if the market expectations prove too light yet again versus the U.S. government’s outlooks.
FORT COLLINS, Colo. U.S. corn exports finished off the recently concluded U.S. marketing year at the slowest pace in seven years, while soybean exports hit a record high in the fourth quarter owing to anomalously large shipments to China.
FORT COLLINS, Colo. Chicago-traded corn futures have largely traded sideways ever since the U.S. government stunned the market on Aug. 12 with a lofty forecast for the domestic corn crop, but speculators have turned sharply bearish on the yellow grain since then.
FORT COLLINS, Colo. (The opinions expressed here are those of the author, a market analyst for Reuters.)
FORT COLLINS, Colo. The 2019-20 U.S. corn and soybean marketing years begin on Sunday, but the amount of product sold for export through mid-month is dismal, dampening the chances of trimming domestic supplies over the next year.
FORT COLLINS, Colo. Plentiful rain in most of the U.S. Crop Watch locations last week boosted expectations for corn yield to the highest levels of the season, though the prediction calls for just slightly above average results.