Latest news with #ExportSales
Yahoo
4 days ago
- Business
- Yahoo
Corn Easing Ahead of USDA Report
Corn price action is down 1 to 2 cents across most contracts on Friday morning. Futures were 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. Preliminary open interest was down 4,834 on Thursday. There were 33 deliveries issued against July futures overnight. 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 on Thursday morning, all for new crop. US Tariffs on Brazil Boost Arabica Coffee Prices Cocoa Demand Concerns Hammer Prices Arabica Coffee Prices Jump as Tariffs on Brazil May Disrupt Coffee Supplies Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Export Sales data showed old crop corn bookings at 1.262 MMT for 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 sales 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. A survey of traders by Bloomberg shows estimated corn stocks for old crop at 1.351 billion bushels ahead of this morning'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). That survey shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn closed at $4.07 1/4, down 5 1/4 cents, currently down ¾ cent Nearby Cash was $3.85 1/4, down 0 cent, Sep 25 Corn closed at $3.99 1/4, unch, currently down 1 1/2 cents Dec 25 Corn closed at $4.16 1/2, up 1 cent, currently down 2 cents 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 登入存取你的投資組合
Yahoo
4 days ago
- Business
- Yahoo
Soybeans Down Early on Friday
Soybeans are trading with losses of 4 to 5 cents early on Friday morning. Futures saw Thursday gains of as little as ¼ cent to 7 cents in some new crop months. Preliminary open interest was up 13,588 on Thursday. There were 22 delivery notices for July bean futures overnight. The cmdtyView national average Cash Bean price was up 3 1/2 cents at $9.72. Soymeal futures were up $2.10 to $2.50/ton, as Soy Oil was 23 points higher. There were another 199 deliveries for July meal futures overnight, taking the total for the month to 4,394. Weekly Export Sales data from Thursday morning indicated 503,027 MT of soybean sales in the week of July, the largest total since mid-March and more than triple the same week last year. Unknown destinations was the buyer of 114,400 MT, with 88,600 MT sold to Egypt. New crop business was at 248,400 MT, the second highest total for the marketing year. Soybean meal sales totaled 578,528 MT, as 207,688 MT was for the current MY and 370,840 MT for 2025/26. Bean oil sales total just 3,994 MT. US Tariffs on Brazil Boost Arabica Coffee Prices Cocoa Demand Concerns Hammer Prices Arabica Coffee Prices Jump as Tariffs on Brazil May Disrupt Coffee Supplies 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! Ahead of today's USDA reports, analysts are expecting to see 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. Traders are looking for a slight increase to the Brazilian soybean output, up 0.4 MMT to 169.4 MMT. Jul 25 Soybeans closed at $10.12 1/2, up 1/4 cent, currently unch Nearby Cash was $9.72 1/1, up 3 1/2 cents, Aug 25 Soybeans closed at $10.12 1/2, up 3 1/2 cents, currently down 5 cents Nov 25 Soybeans closed at $10.13 3/4, up 6 1/2 cents, currently down 4 ¼ cents New Crop Cash was $9.64 1/2, up 6 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 Sign in to access your portfolio
Yahoo
5 days ago
- 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
23-06-2025
- Business
- Yahoo
Soybean Slipping to Start Monday
Soybeans are down 3 to 5 cents so far on Monday morning. The market settled 5 ¼ to 7 ½ lower on Friday, after hitting the highest front month prices since mid-May early in the session. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $10.20 3/4. Soymeal futures settled 20 to 90 cents lower, giving up modest midday gains in favor of holding cash over the weekend. Soy Oil saw nearby July hit the highest price for the contract since 2023 on Friday morning, but futures closed 30 to 37 points lower. Crude oil is up just 40 cents this morning following the US strikes on Iran nuclear facilities over the weekend. The weather outlook for next week has some heavy rains from NE, the southeast corner of SD, Southern MN, IA, and WI totaling from 1 to up to 5 inches in some parts. The Southern Plains, through MO and the Eastern Corn Belt is looking at smaller totals. 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! Friday morning's Export Sales report tallied soybean sales for 2024/25 exceeding the 0 and 400,000 MT trade expectations in the week of 6/12 at 539,511 MT. That was a 14-week high and 8.3% above the same week in 2024. New crop sales were at 75,151 MT, in the middle of the 0 to 200,000 MT estimates and the highest in 5 weeks. Soybean meal sales for last week totaled 174,302 MT, with just 160,281 MT for the current marketing year and on the low side of the trade ideas at 150,000 to 450,000 MT. Soybean oil sales were a net negative 1,473 MT on deferrals and cancellations, weaker than trade estimates of 0 to 32,000 MT for bean oil. Jul 25 Soybeans closed at $10.68, down 6 3/4 cents, currently down 3 3/4 cents Nearby Cash was $10.20 3/4, down 5 3/4 cents, Aug 25 Soybeans closed at $10.71 1/2, down 5 1/4 cents, currently down 4 1/4 cents Nov 25 Soybeans closed at $10.60 3/4, down 7 1/2 cents, currently down 5 cents New Crop Cash was $10.07 ¼, down 7 ¼ 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
