The market responded in a bullish way to the January WASDE report for feed grains and oilseeds. Export sales stemming from increased Chinese demand for U.S. agricultural products (e.g. corn and soybeans) is a key factor behind the gains.
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There will be an Advanced Corn Production in 2021 meeting on January 28, 2021 at the Scott Center in Winnsboro, LA. The topics are grouped together by similar timing during the production season
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Tightening 2020/21 U.S. and South American corn and soybean production estimates led USDA to slash global ending stocks, powering price growth in the aftermath of USDA’s January 2021 World Agricultural Supply and Demand Estimates (WASDE) reports Tuesday.
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This report contains the results from the 2020 December Agricultural Survey.
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This report contains the results from the 2020 December Agricultural, Rice Stocks, and Grain Stocks surveys.
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Last week, Bloomberg News reported that, “China is far away from meeting its U.S. trade-deal commitments, with the latest data showing it’s imported just over half of the American goods it promised to buy in the first year of the phase-one agreement.
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Corn and soybean futures propelled higher during the month of December due to dry weather in Argentina, strong export demand for grains here in the United States, a lower U.S. dollar, and aggressive fund buying.
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By late fall, much of the Midwest is a pleasing landscape of dry, harvested corn fields. It makes for a bucolic rural scene on highway drives. But the corn litter that’s left over doesn’t seem useful, at least to untrained eyes.
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The onset of the new year has been struck with some unfriendly challenges that cattlemen were hoping to be rid of by the end of 2020. However, lo and behold, the cattle business hasn't gotten any easier to see through.
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