ao link


Linked In

Favourable US weather lifts corn and soybean yield forecasts


Generally good growing weather in US midwest sees rising corn, soybean production forecasts.


At present, the corn futures market is pricing in a US yield of 179-181 bushels per acre, says trader and analyst Richard Crow of Crow Trading Inc.


With the first USDA-survey production report due on August 12th, Crow says confirmation of a 180-bushel yield “will keep corn prices under pressure through harvest. Corn spreads will stay wide if any corn is delivered on the September and December futures contracts".


Meantime, several analysts signal soybean futures traders have been talking about a yield of around 51 bushels per acre for a US average.


Related Stories

Producer, merchant positions in ags for week to April 6

Markets Extra lists the latest official data on commercial positions in ag commodity derivatives

Hedge fund positions in numbers for week to April 6

Markets Extra lists the latest official data on hedge fund positions in ag commodity derivatives, and how they have changed week on week

ANALYSIS: Are China's wheat imports about to get the corn treatment?

Competitive pricing is driving Chinese livestock feeders to use more grain in their rations. That could see wheat imports far exceed current forecasts

Cotton, wheat futures gain as USDA stocks downgrades top forecasts

A cut in the Wasde to the forecast for world wheat stocks proves a particular "surprise". But exuberance is capped by downbeat soybean data revisions
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© 2021 and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of AgriBriefing Ltd
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069