Outlook
Global 2011-2012 coarse grain trade projected higher
The USDA's March Feed Outlook report showed that world 2011/2012 coarse grain trade is forecast to reach 121.4 million tons, up 1.3 million this month.
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World coarse grain production prospects increase
According to the USDA's Feed Outlook, global coarse grain production in 2011/12 is forecast up 1.5 million tons this month to 1,143.7 million.
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Increased world coarse grain consumption projected
The USDA's March Feed Outlook showed global coarse grain consumption in 2011/2012 is projected up 2.2 million tons this month to 1,152.0 million, with feed and residual use up 1.9 million tons to 664.7 million.
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Projected 2011-2012 world ending stocks reduced
According to the USDA's Feed Outlook report, global coarse grain ending stocks for 2011/12 are projected down 0.6 million tons this month to 157.9 million, as increased forecast use exceeds the production increase.
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Record Kazakhstan crop leads world wheat production
World wheat production is projected up 2.1 million tons this month to a near-record 683.3 million, just 1 million tons lower than the all-time high in the 2009/10 marketing year.
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Larger world wheat trade projected this month
High world grain production and supplies are lowering prices making grain imports for many countries more attractive. World wheat trade for 2011/12 (July-June international trade year) is projected to reach 136.6 million tons, up 2.0 million this month, but 6.3 million tons below the 2008//09 record.
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WASDE: Corn yields lowest since 2003
According to the USDA's latest World Agricultural Supply and Demand Estimate report, U.S. feed grain supplies for 2011/2012 are projected lower with reduced corn and oats production more than offsetting small increases for sorghum and barley.
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CBOT corn outlook: Seen down on forecasts for cooler weather
U.S. corn futures are expected to start trading lower Monday on forecasts for cooler temperatures to ease stress on the crop.
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U.S. wheat outlook: Down on rising dollar, Ukraine exports
U.S. wheat futures are expected to fall early Wednesday as strength in the dollar and improving crop prospects in Ukraine damp U.S. export projections.
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Crop markets called lower on Thursday
Corn futures are called 9 to 12 cents lower. Overnight trade at 6:45 am CT was 8 3/4 to 12 1/2 cents lower. Further losses are expected in the corn market this morning.
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Corn conditions improve slightly
The USDA’s latest Crop Progress report released June 13 showed 69 percent of corn in the top 18 producing states rated in “good” to “excellent” condition, compared to 67 percent last week.
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- Corn planting pace turns from record slow to record fast
- Ag markets seemed to follow gold higher Monday afternoon
- Online systems keeps exporters abreast of market regulations
- April milk production up 0.3 percent
- New crop cottonseed market rallies in face of tight supplies
- Corn and soybean prices continue to retrace 2012 drought rally
