Latest news with #CONAB
Yahoo
12-07-2025
- Business
- Yahoo
Corn See Marginal Gains Ahead of USDA Data Release
Corn price action was mixed on Thursday with most contracts steady to a couple cents higher and nearby, thin July down 5 ¼ cents. Traders were squaring up ahead of USDA's report on Friday. The front month CmdtyView national average Cash Corn price was unchanged at $3.85 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning, all for new crop. US Tariffs on Brazil Boost Arabica Coffee Prices Arabica Coffee Prices Jump as Tariffs on Brazil May Disrupt Coffee Supplies Cocoa Demand Concerns Hammer Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Export Sales data from the morning showed old crop corn coming in above 375,000 and 900,000 MT estimates at 1.262 MMT the week ending on July 7/3. That was an 8-week high for sales and more than double the same week last year and the week prior. Mexico was the largest buyer at 469,900 MT, with 436,200 MT sold to Japan. New crop also exceeded the trade range of 150,000 to 700,000 MT estimate for that week at 888,562 MT. That was down from the week prior but still the second largest so far this year. The top buyer was Mexico at 423,900 MT, with Japan in for 304,800 MT. CONAB estimates the Brazilian corn crop at 131.97 MMT via their monthly release, up 3.72 MMT from last month on a 3.54 MMT increase to the second crop corn. Ahead of the USDA report on Friday, a survey of traders by Bloomberg shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn closed at $4.07 1/4, down 5 1/4 cents, Nearby Cash was $3.85 1/4, down 0 cent, Sep 25 Corn closed at $3.99 1/4, unch, Dec 25 Corn closed at $4.16 1/2, up 1 cent, New Crop Cash was $3.75 1/8, up 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Corn Sticking Close to Unchanged at Midday
Corn futures are down fractionally in the nearby contracts, with new crop December up ¼ cent. There were 37 delivery notices for July corn overnight, taking the total for the month to 362. The front month CmdtyView national average Cash Corn price was down 1/4 cent at $3.85 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning, all for new crop. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Export Sales data from the morning showed old crop corn coming in above 375,000 and 900,000 MT estimates at 1.262 MMT the week ending on July 7/3. That was an 8-week high for sales and more than double the same week last year and the week prior. Mexico was the largest buyer at 469,900 MT, with 436,200 MT sold to Japan. New crop also exceeded the trade range of 150,000 to 700,000 MT estimate for that week at 888,562 MT. That was down from the week prior but still the second largest so far this year. The top buyer was Mexico at 423,900 MT, with Japan in for 304,800 MT. CONAB estimates the Brazilian corn crop at 131.97 MMT via their monthly release, up 3.72 MMT from last month on a 3.54 MMT increase to the second crop corn. Ahead of the USDA report on Friday, a survey of traders by Bloomberg shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn is at $4.10 1/4, down 2 1/4 cents, Nearby Cash is at $3.85 1/4, down 1/4 cent, Sep 25 Corn is at $3.99, down 1/4 cent, Dec 25 Corn is at $4.15 3/4, up 1/4 cent, New Crop Cash is at $3.75 3/4, down 0 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
11-07-2025
- Business
- Yahoo
Soybeans Losses Extending to Thursday
Soybeans are trading with 1 to 7 cent losses on Thursday morning, with the nearbys feeling the brunt of the pressure. Futures slipped even further into the Wednesday close, as most contracts were down 10 to 12 cents at the final bell. Preliminary open interest suggested net new selling, up 7,643 contracts on Wednesday. There were 308 deliveries against July soybeans overnight. The cmdtyView national average Cash Bean price was down 12 1/2 cents at $9.68 ½. Soymeal futures were down a dime to $1.40/ton, as Soy Oil was 45 to 82 points lower. There were 148 deliveries issued for July meal overnight, with the month's total at 4,195. CONAB trimmed back their 2024/25 soybean production estimate for Brazil by 0.12 MMT to 169.48 MMT. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Weekly Export Sales data will be out on Thursday morning, with the trade looking for 300,000 to 600,000 MT in the week of July 3 for old crop, with 50,000 to 400,000 MT seen for new crop. Soybean meal is seen in a range of 125,000 to 950,000 MT in that week and 0 to 30,000 MT for bean oil. The Central Corn Belt is expected to receive 1 to 3 inches of rain this week, with the western half of the Northern Plains and parts of the ECB seeing totals near an inch Ahead of the Friday USDA reports, analysts are expecting to see the a 10 mbu increase in the old crop bean stocks to 360 mbu. As for new crop, the Bloomberg survey showed traders looking for a 7 mbu reduction to output on the slight drop in acres to 4.333 bbu. Ending stocks for 2025/26 are estimated at 302 mbu, a 7 mbu increase vs. June. Jul 25 Soybeans closed at $10.12 1/4, down 12 cents, currently down 7 cents Nearby Cash was $9.68 1/2, down 12 1/2 cents, Aug 25 Soybeans closed at $10.09, down 12 1/4 cents, currently down 5 1/2 cents Nov 25 Soybeans closed at $10.07 1/4, down 10 1/4 cents, currently down 1 3/4 cents New Crop Cash was $9.58, down 10 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
11-07-2025
- Business
- Yahoo
Corn Back to Weakness Early on Thursday
Corn futures are showing fractional to 2 cent lower trade early on Thursday. Bulls showed up on Wednesday to defend the $4 level on September, but fell short by the close. Contracts were still 1 to 2 cents in the green at the close. Preliminary open interest dropped 21,279 contracts on Wednesday, suggesting some light short covering. There were 37 delivery notice for July corn overnight, taking the total for the month to 362. The front month CmdtyView national average Cash Corn price was up 1 ½ cents at $3.85 1/2. CONAB estimates the Brazilian corn crop at 131.97 MMT via their monthly release, up 3.72 MMT from last month on a 3.54 MMT increase to the second crop corn. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Wednesday morning's weekly EIA report showed an uptick in production of 9,000 barrels per day in the week ending on July 4 to 1.085 million barrels per day. Stocks, meanwhile, were down 158,000 barrels to 23.959 million barrels despite a 10,000 bpd drop in exports to 121,000 barrels and 23,000 bpd reduction in refiner inputs to 902,000 bpd. Export Sales data is expected to show between 375,000 and 900,000 MT of 2024/25 corn sold in the week ending on July 7/3. New crop is seen in a range of 150,000 to 700,000 MT for that week. A survey of traders by Bloomberg shows estimated corn stocks for old crop at 1.351 billion bushels ahead of Friday's USDA report, a 14 mbu reduction from June if realized. New crop production is expected to be trimmed by 75 mbu via fewer acres to 15.746 bbu. That would help to tighten the new crop stock estimate to an average of 1.721 bbu (vs. 1.75 bbu in June). Jul 25 Corn closed at $4.12 1/2, up 1 1/2 cents, currently down ¼ cent Nearby Cash was $3.85 1/2, up 1 1/2 cents, Sep 25 Corn closed at $3.99 1/4, up 1 1/4 cents, currently down 2 cents Dec 25 Corn closed at $4.15 1/2, up 1 1/4 cents, currently down 1 3/4 cents New Crop Cash was $3.75 5/8, up 1 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Corn See Marginal Gains Ahead of USDA Data Release
Corn price action was mixed on Thursday with most contracts steady to a couple cents higher and nearby, thin July down 5 ¼ cents. Traders were squaring up ahead of USDA's report on Friday. The front month CmdtyView national average Cash Corn price was unchanged at $3.85 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning, all for new crop. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans US Tariffs on Brazil Boost Arabica Coffee Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Export Sales data from the morning showed old crop corn coming in above 375,000 and 900,000 MT estimates at 1.262 MMT the week ending on July 7/3. That was an 8-week high for sales and more than double the same week last year and the week prior. Mexico was the largest buyer at 469,900 MT, with 436,200 MT sold to Japan. New crop also exceeded the trade range of 150,000 to 700,000 MT estimate for that week at 888,562 MT. That was down from the week prior but still the second largest so far this year. The top buyer was Mexico at 423,900 MT, with Japan in for 304,800 MT. CONAB estimates the Brazilian corn crop at 131.97 MMT via their monthly release, up 3.72 MMT from last month on a 3.54 MMT increase to the second crop corn. Ahead of the USDA report on Friday, a survey of traders by Bloomberg shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn closed at $4.07 1/4, down 5 1/4 cents, Nearby Cash was $3.85 1/4, down 0 cent, Sep 25 Corn closed at $3.99 1/4, unch, Dec 25 Corn closed at $4.16 1/2, up 1 cent, New Crop Cash was $3.75 1/8, up 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
