Agriculture News August 14, 2024
14 thg 8, 2024
Corn
USDA reported a sale of 137,160 MT of corn to Mexico for 2024/25 shipment this morning under the daily reporting system.
Yesterday’s Crop Production report contained a national yield estimate of 183.1 bpa, a US record.
CONAB revised the 2023/24 Brazilian corn crop 0.21 MMT lower at 115.65 MMT this morning. They still don’t agree with USDA, which used a 122 MMT number in their monthly WASDE report on Monday.
Corn prices declined. The settlement price for the September Corn contract on August 13 was 377.75 cents per bushel, down 1.44% in the last session.
Soybean
USDA reported a sale of 137,160 MT of corn to Mexico for 2024/25 shipment this morning under the daily reporting system.
Yesterday’s Crop Production report contained a national yield estimate of 183.1 bpa, a US record.
CONAB revised the 2023/24 Brazilian corn crop 0.21 MMT lower at 115.65 MMT this morning. They still don’t agree with USDA, which used a 122 MMT number in their monthly WASDE report on Monday.
The September Soybean contract continued its sharp decline. The settlement price on August 13 was 947.25 cents per bushel, down 2.47% from the previous session.
Wheat
USDA’s Crop Production report from Monday showed winter wheat yield at 53.2 bpa, with record yields reported out of several northern states, notably OR, MT, SD, MI and WI. The national spring wheat yield was a record 52.6 bpa, though NASS did reduce it by 0.9% from July.
Egypt’s GASC purchased just 280,000 MT of wheat in their tender on Monday, with the origins split by 180,000 MT of Ukrainian and 100,000 MT Bulgarian wheat. They are reportedly negotiating a large direct purchase of wheat outside of Monday’s tender, at somewhat higher money.
One complication with the large tender has been the 270 day delay for payment, along with uncertainties about freight costs over a longer than usual time span.
The September Wheat contract continued to drop. The settlement price on August 13 was 528.75 cents per bushel, down 1.49% from the previous session.
Nguồn: Bartchart
Related Posts
The dollar posted moderate gains on Friday due to the weakness of the yen after the Bank of Japan did not tighten its monetary policy.
Metals News September 23, 2024
23 tháng 9, 2024
Thursday's Export Sales report indicated that total export commitments for corn are currently at 14 million metric tons (MMT), a 21% increase from the same period last year.
Agriculture News September 23, 2024
23 tháng 9, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.