Corn futures turned higher Tuesday after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report said U.S. corn production for the 2019/2020 marketing year is forecast to decline by 1.4 million bushels to 13.7 billion, which would be the lowest since the 2015/2016 marketing year. “U.S. corn will be in short supply, but emotions, […]
Category: Commodity Markets
WallStreetDope.Com | 6/13/2019 In the Gulf of Oman, two oil tankers have been attacked. The US accuses Iran of sabotaging the important trade route. The EU is also alarmed. The US blames Iran for attacking two oil tankers in the Gulf of Oman. US Secretary of State Mike Pompeo said Thursday at a brief press conference in Washington. “It […]
USDA WASDE report: In yesterday’s WASDE report, the USDA lowered its corn yield estimate for the 2019/20 US crop from 176bu/acre to 166/bu/acre, which saw their production estimate for the season fall from 15.03b bushels to 13.68b bushels. This would be the smallest crop since the 2015/16 season and follows heavy rains in the US, which delayed plantings significantly. […]
May Weather Summary Merciless rains pounded the Plains and Midwest, triggering new rounds of flooding and leading to a record-slow planting pace for the Nation’s corn and soybeans. By June 2, only 67 percent of the corn and 39 percent of the soybeans had been planted, breaking the 1995 records of 77 and 40 percent, […]