Oilseeds Despite a recent pick-up in the harvest and loadings pace, incremental selling by Brazilian farmers has dropped as the cumulative harvest has been slow relative to the existing contract commitment. Up until March 12, Brazilian farmers have pre-sold 63%
Corn Brazil second crop corn is now nearly all planted but 20-30% of it is planted outside of the ideal window. Argentina received widespread rain last week, though they have likely come too late for corn and beans to undo
Oilseeds Funds have trimmed the net long positions on soyoil, though they remained a 10-year high. On the contrary, funds are only modestly long soybean meal. Delayed soybean supply and tight palm oil fundamentals continue to drive the tightness in
Oilseeds The March USDA report was typically not a big mover. Market expects the USDA would not further lower US soybean ending stocks in the March WASDE, which is already at bare minimum levels. The USDA remains conservative at the
Winter wheat dryness has intensified, as ongoing dryness across the US High Plains has limited moisture for wheat germination and establishment. This has pushed Kansas and CBOT wheat prices higher, with the US hard red wheat carry-out expected to be
The USDA in October WASDE reduced Argentine old crop production by 700 tmt from Sep while reducing exports and crush, as Argentina loses competitiveness versus the US. Brazil crushers have also started to feel the shortage of beans, despite previously
The export tracker provides us a view of where we stand in terms of pace in grains exports. By comparing Clipperdata’s up-to-date tracking of commodity loadings and the USDA estimated crop year exports, it calculates the ratio that has been
The USDA June acreage report was particularly bullish for corn. USDA estimated the US corn planted area at 92.0 mln acres, 5.0 below the March estimate and 3.2 below the market average estimate. This translates to approximately 822 mbu less
Tuesday’s USDA Grain Stocks report was bullish for old-crop corn, while neutral for old-crop soybean and wheat. The United States Department of Agriculture (USDA) Planting Intentions are bearish for new-crop corn, bullish for new-crop soybeans and neutral for new-crop wheat.
ClipperData provides comprehensive data sets, analysis and commentary on global crude, petrochemicals, grains, specialty, dry bulk and refined product movements.
