[Daily Weather Tracking] The cool and dry weather in the US corn belt is very conducive to spring planting
The US National Weather Service's 6-10 day forecast from June 3 to June 7 predicts that the national temperature will be higher than normal, and precipitation will be higher than normal in the northwestern Pacific Ocean and most of the south, east, and lower Midwest.
Last week's soybean export inspection volume was in line with expectations
According to data from the US Department of Agriculture, as of May 23, 2024, the US soybean export inspection volume was 212,105 tons. After the previous week's correction, it was 192,232 tons, and the initial value was 18,4128 tons.
The sharp consolidation of the Russian wheat market and market share ambitions have led to increased global price fluctuations
① Since the Russian-Ukrainian conflict, the Russian food market has been controlled by a small number of companies. This has strengthened the Russian government's supervision of the export market, but it has also had some side effects; ② Although global commodity traders are still trading food in the Russian market, they are unable to accurately understand the country's food situation, causing the global market to be in a tight state.
[Daily Weather Tracking] The weather is cool and dry in most parts of the US corn growing belt
The US National Weather Service's 6-10 day forecast from May 27 to 31 predicts that temperatures in most parts of the Midwest may be lower than normal.
[Daily Weather Tracker] In most parts of the western United States, dry weather favors field work in late spring
The US National Weather Service forecast for 6 to 10 days from May 26 to 30 predicts that temperatures are close to or above normal in most parts of the country.
[US Weather Hype Guide] US soybean planting rate is higher than market expectations
As of May 19, the US soybean cultivation rate was 52%, and the market forecast was 49%. The previous week was 35%, 61% in the same period last year, and the five-year average was 49%.
The export inspection volume of soybeans was drastically reduced month-on-month, which was lower than market expectations!
According to data from the US Department of Agriculture, as of May 16, 2024, the US soybean export inspection volume was 18,4,128 tons. After the previous week's revision, it was 43,3068 tons, and the initial value was 40,6052 tons.
The market is concerned about Brazil's smaller soybean production
CBOT corn and wheat closed lower on Friday, while soybean prices rose. However, for the week, most of these grains showed a downward trend
[Daily Weather Tracker] Showers again appeared in Ohio, further delaying field work
The US National Weather Service's 6-10 day forecast from May 22 to 26 predicts that rainfall is likely to be close to or above normal in most parts of the US.
The Meizu Market is waiting for a bigger weather story to unfold
Most of the CBOT grain markets fell below the close yesterday, with the exception of soybeans and soybean oil in recent months. Is this a healthy adjustment or a top-forming act?
NOPA's April US soybean press data is disappointing and far below estimates
Yesterday, after experiencing chart resistance and some profit settlement, the early strength of the CBOT grain market gradually subsided.
[US Weather Hype Guide] US soybean planting rate is lower than market expectations
As of May 12, the US soybean cultivation rate was 35%, lower than market expectations of 39%. The previous week was 25%, the same period last year was 45%, and the five-year average was 34%.
The export inspection volume of soybeans increased month-on-month, exceeding market expectations!
According to data from the US Department of Agriculture, as of May 9, 2024, the US soybean export inspection volume was 40,6052 tons, higher than expected. After the previous week's revision, it was 35,8082 tons, with an initial value of 34,654 tons.
Chicago wheat and corn futures soar, US Department of Agriculture warns of the risk of tightening food supply
According to the USDA forecast, while economies are still dealing with stubborn inflation, global food supply will tighten in the next fiscal year, which may lead to a rise in food prices.
USDA May Monthly Report: US soybean supply and demand forecast data
According to the USDA monthly report, the US soybean production for 2024/2025 is expected to be 4.45 billion bushels in May, and the market is expected to be 4.453 billion bushels.
USDA May Monthly Report: South American Soybean and Corn Production and Global Crop Inventory Data
The US Department of Agriculture kept Argentina's 2023/2024 soybean production forecast unchanged at 50 million tons, and the market forecast was 49.61 million tons.
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.
[Daily Weather Tracking] The cool weather after recent widespread rainfall has slowed the cultivation of corn and soybeans in the US
The US National Weather Service's 6-10 day forecast from May 14 to 18 predicts that temperatures and rainfall across the US may be close to or above normal levels.
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.
Net sales volume of soybean exports increased significantly from month to month, in line with market expectations
The net export sales of soybeans from the US in 2023/2024 was 414,000 tons, compared to 211,000 tons the previous week.