XCMAIN Mini-Corn Futures(JUL4)
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Mini-Corn Futures(JUL4) News
Grain Futures Fall As Markets Brace For La Niña -- Market Talk
The end of El Niño and the approaching of La Niña weather conditions announced yesterday by the U.S. Climate Prediction Center could have different impacts on U.S. crops, says Terry Reilly, of Marex.
USDA Reports Flash Export Sales of U.S. Soybeans -- Market Talk
U.S. exporters reported sales of 120,000 metric tons of soybeans to unknown destinations during the current marketing year, according to the USDA.
U.S. Corn Export Sales Meet Top Range of Forecasts
Weekly export sales of U.S. corn were within the high end of estimates, while wheat narrowly missed forecasts.
Surprise Tax Change Upends Trading in Crop Powerhouse Brazil
A surprise tax change in agriculture powerhouse Brazil is disrupting business and drawing the ire of groups representing some of the world’s top crop traders including Cargill Inc. and Bunge Global SA.
Corn Jumps Most in Three Weeks With US Set for Heat Wave
Chicago corn rose as much as 2.8%, the biggest intraday gain since May 10, as the emerging US crop was set to face its first heat threat.
U.S. Corn Export Sales Beat Forecasts
Export sales of U.S. corn rose just above the high-end of analyst predictions for the week as soybean export sales again fell on the low side.
US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump
Planting more soy at a time of sputtering demand from importers and domestic processors will only serve to drive prices lower, further swell historically large global supplies and erode US farm incomes already poised for the steepest annual drop ever in dollar terms.
Huatai Securities: New soybean supply and demand easing, global corn production may be reduced
The USDA slightly lowered the forecast for Brazilian soybean production by 1 million tons due to the severe flooding in southern Brazil. The impact is still ongoing, and continuous follow-up is required.
US Sees Tighter Grain Supplies, Sending Prices Higher
Global grain supplies will be tighter in the coming season, setting the stage for higher prices for agricultural commodities as economies are still coping with stubborn inflation, according to a key US forecast.
U.S. Grain Export Sales Fall Within Estimates
U.S. grain export sales reported by the Department of Agriculture fell within the estimates of analysts surveyed by The Wall Street Journal this week.
Worst Drought in Four Decades Cuts Zimbabwean Corn Crop by 72%
Corn output in Zimbabwe will drop by almost three-quarters this year as the nation experiences its worst drought in four decades, according to the government.
Canadian Stocks of Wheat Fall, Canola Rise
OTTAWA--Canadian stocks of wheat are down sharply on last year, while canola stocks have risen with a sharp fall in exports.
Corn and soybeans follow the rise of wheat, and pig futures are expected to test previous highs
Kent Beadle, an analyst at Paradigm Futures, said wheat continued Monday's gains, and wheat continued to play a leading role due to the crop's lower ratings, combined with weather and war premiums.
Weather, market sentiment, growing regions, who dominated the agricultural products market in the second quarter?
Weekly overview of this week's price changes Over the past week, CBOT agricultural product prices have basically fluctuated in the range, but soybean oil prices have declined. The USDA report for April is in line with market expectations, with minimal volatility, as people now pay more attention to planting progress and weather effects. We are entering the so-called weather market, and long-term pricing for commodities will largely depend on weather forecasts and actual conditions in key growing regions. The importance of this stage has been amplified by the current tight balance between supply and demand for various crops, limiting the margin of error when weather adversely affects yield. This situation has exacerbated the price pair
Planting forecasts fall short of expectations; corn futures prices soared
Weekly overview of this week's price changes In the past week, the CBOT agricultural products trading range has expanded, but there is still little change in price from week to week. The US Department of Agriculture (USDA) planting report, which is widely anticipated by the market, shows that wheat and soybean cultivation forecasts are in line with expectations, but insufficient corn cultivation supports corn prices. The USDA forecast for corn cultivation in 2024 fell short of expectations, causing corn futures prices to soar 3% in December, the biggest one-day increase since July and the highest price since the end of January. However, despite the possibility of a reduction in production, the existing room for production reduction within the corn supply-demand balance sheet has been reduced
Short-term price rebound of corn, limited long-term value depends on two factors
Weekly overview of this week's price changes Over the past week, cereal and oilseed prices have rebounded slightly after a period of decline. This recovery is taking place despite uncertainty about the area under US crop cultivation. The US corn market is facing large inventories, which reduces the possibility of price increases in the face of secondary crop problems. By contrast, the soybean and wheat markets are more sensitive to the performance of northern hemisphere crops, and given tight balance sheets, there is little room for error. The net position of the Soybean Management Fund (in contract units) The Management Fund continued net sales of almost all commodities
Grain prices are still sluggish, and the performance of oilseed trends is divided
Weekly overview of this week's price changes In the past week, cereal prices have experienced a slump, while oilseed complexes have shown mixed results; in contrast to the fall in soybean and soybean meal prices, boosted by widespread support from the vegetable oil market, soybean oil prices have risen. The USDA report did not show a significant deviation from market expectations. Soybean inventory estimates were slightly higher than predicted, but failed to significantly affect prices. This indicates that higher inventory levels are within expectations. The Traders' Commitment (COT) report highlights that regulated funds continue to maintain a net seller trend and maintain net shorts in almost all commodities covered by this analysis
The sharp drop in oil prices affected the agricultural products market, and US corn and soybean futures fell to multi-year lows
The Zhitong Finance App learned that on Monday local time, US corn futures fell to a low of more than three years and soybean futures fell to a two-year low due to a sharp drop in crude oil prices and the agricultural products market. The energy market can influence grain futures because corn is used to make ethanol and soybean oil is used to make biofuel. Analysts say technical sell-offs and favorable rainfall in Brazilian crop-growing regions have also helped lower food prices. The March contract for corn on the Chicago Futures Exchange closed down 1.4% to 4.55 US dollars/bushels, the lowest price since December 2020, while the March soybean contract closed down 0.8% to 1