USA corn production up, South America unchanged — WASDE

USA corn production up, South America unchanged — WASDE

"Crop conditions looked relatively good all season, and looks can sometimes be deceiving, but in this case it wasn't", said David Knopf, director of the NASS Eastern Mountain Regional Office in Kentucky. Average corn yields were 176.6 bushels per acre. "Production was down from a year ago, based on fewer harvested acres, but ranks as the fifth largest corn crop grown in the state".

Ending stocks were reported at 2.477 from 2.437 billion.

Analysts expect the USDA crop data to show smaller US winter wheat plantings and a decline in USA corn ending stocks.

Grains prices at 0327 GMT Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 433.50 0.25 +0.06% -0.17% 426.61 58 CBOT corn 348.75 0.00 +0.00% -0.07% 350.93 40 CBOT soy 950.00 0.00 +0.00% -0.52% 977.75 27 CBOT rice 11.75 $0.02 +0.17% -1.30% $12.10 34 WTI crude 63.63 -$0.17 -0.27% +0.09% $59.25 78 Currencies Euro/dlr $1.205 $0.002 +0.13% +0.85% USD/AUD 0.7878 -0.001 -0.15% +0.46%. The consultancy in November forecast a 111-million-tonne harvest.

On average, most had expected Argentina to see a cut of 500,000 mt to 41.50 million, with Brazil seeing a trim of under 870,000 mt to 94.13 million.

Harvested Acres were 82.703 down from 83.119. "Soybean productivity has reached a new level given that four of the five highest yields have occurred in the last five years".

Chinese imports of soybeans jumped to the second-highest volume on record in December, according to Reuters calculations based on customs data, boosted by strong demand in the run-up to next month's Lunar New Year holiday.

The estimate for food, seed and industrial use is raised 10 million bushels, reflecting an estimated amount of corn used for glucose and dextrose during September-November that was above expectations.

Commodity funds were net sellers of CBOT soybean, soymeal, soyoil and corn futures contracts on Thursday and net buyers of wheat, traders said.

While the U.S. planted area and harvested area were moved down following a long, protracted harvest, the effect was not enough to fully redress bigger stocks and production, which once again underlined that there is no shortage of corn in the world. Average soybean yield was estimated at 49.1 bus per acre, down from 49.5 bus in November and from a record 52 bus in 2016. Area harvested is up eight percent from 2016 at 89.5 million acres. "Production was higher for all three tobacco types".

Related News:

  • Infrastructure destroyed by IAF last night was terror tunnel, IDF confirms

    Infrastructure destroyed by IAF last night was terror tunnel, IDF confirms

    Conricus said the crossing itself was a potential target, as well as the gas and fuel pipelines. The Erez Crossing opened a day later, and Kerem Shalom was reopened on December 17.

    BlackRock Inc. Buys 40061 Shares of Omega Healthcare Investors Inc. (OHI)

    Capital One Financial began coverage on shares of Omega Healthcare Investors in a research report on Monday, October 23rd. Greenwich Investment Management Inc. holds 4.57% of its portfolio in Omega Healthcare Investors, Inc. for 111,269 shares.
    Fiat Chrysler to invest $1B in MI  plant

    Fiat Chrysler to invest $1B in MI plant

    Over the past 50 days, Fiat Chrysler Automobiles N.V. stock's -0.21% off of the high and 39.35% removed from the low. The all-new 2019 Ram 1500 will make its debut at the North American International Auto Show in Detroit next Monday.
  • Fire breaks out at Mumbai airport's domestic terminal, no casualties

    Fire breaks out at Mumbai airport's domestic terminal, no casualties

    An airport spokesperson said that the lounge was used by VVIPs and was not a part of the passenger terminal. Crowds flooded security lines, weaving around two floors of the terminal.
    Tomic lashes out after AO qualifying failure

    Tomic lashes out after AO qualifying failure

    Asked on Sunday whether the loss brought his career to a crossroads, Tomic responded sarcastically. "I just count money, that is all I do".

    Ellen DeGeneres Facetimes Oprah Winfrey About Their Mudslide Woes

    The 17 victims range in age from 3 to 89, all residents of the scenic coastal community northwest of Los Angeles. Another celebrity who joined Oprah in posting on social media updates on the disaster was Ellen DeGeneres .
  • Warriors G will play Saturday vs. Raptors

    Warriors G will play Saturday vs. Raptors

    Curry missed both free throws with the Warriors leading 123-122 but Casey felt Poeltl cleanly blocked Curry's shot on the play. Kelly Oubre added 17 points off the bench off 5-of-6 shooting as Washington moved to 2-2 on a five-game homestand.
    PM Modi to Break Protocol, Receive Israeli Counterpart at Airport

    PM Modi to Break Protocol, Receive Israeli Counterpart at Airport

    He said the Indian prime minister will host Netanyahu in his home state and termed it as an "important gesture". Daniel Carmon, the Israeli ambassador to India, said that the Israeli-India ties would withstand any troubles.
    As Sanctions Bite, China Trade With North Korea Plummets

    As Sanctions Bite, China Trade With North Korea Plummets

    China and Russian Federation , which both oppose the proposal for maritime interdiction, have not been invited to the summit. Responding to such concerns on Thursday, Brian Hook, the director of policy planning within the U.S.
  • Diplomatic storm over Donald Trump's insult to 's***-hole countries'

    Diplomatic storm over Donald Trump's insult to 's***-hole countries'

    Several lawmakers say President Trump used a demeaning expletive to refer to Haiti and African nations during a meeting Thursday. Still Friday, state Sen. "Following comments by the president, I said my piece directly to him yesterday".
    Trump cancels Britain trip, blames Obama for

    Trump cancels Britain trip, blames Obama for "peanuts" London embassy deal

    Govindia called it an "iconic new zone", pointing out that Apple were moving their offices to the area. She said Trump was "wrong" to do it and called the British group "hateful".
    Tennessee Titans vs New England Patriots: Game Prediction

    Tennessee Titans vs New England Patriots: Game Prediction

    With Burkhead paired alongside Dion Lewis , this could be the best Patriot rushing attack since Corey Dillon's great 2004 season. DeMarco Murray already has been declared out for a third straight game for Tennessee, leaving the backfield to Henry .


Most liked

Heyman | Mets talking to Adrian Gonzalez
Adrian Gonzalez has agreed to a deal with the New York Mets pending a physical, according to ESPN and other multiple reports. When he returned from his injury, NL Rookie of the Year Cody Bellinger had taken over at first base.

Analyst Stock Ratings: Henry Schein, Inc. (HSIC), Halliburton Company
This repurchase authorization allows the company to repurchase up to 6.3% of its shares through open market purchases. Moreover, Gamco Et Al has 0.14% invested in Henry Schein, Inc. (NASDAQ:HSIC) on Tuesday, October 11 to "Buy" rating.

Clelin Ferrell & Austin Bryant returning to Clemson
Clemson got to the College Football Playoff semifinal behind a stout defense and the solid play of quarterback Kelly Bryant. Earlier this week All-American offensive tackle Mitch Hyatt announced that he would return for his senior year.

Woman killed by Brightline train in Boynton Beach on eve of debut
He also warned passengers against the dangers of trespassing a railway track. In November, was on the tracks in Deerfield Beach when she was struck.

Ford Ranger debuts at Detroit auto show
It looks very much like the same Ford Ranger that has been on-sale in Europe and other foreign markets in that interim. As buyers add more features to full-size trucks, the average price of an F-Series pickup has crept past $45,000.

Chemring Group (CHG) Now Covered by Analysts at Berenberg Bank
When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. As we move closer to the close of the year, investors will be closely watching the next round of company earnings reports.

Panasonic is bringing both Alexa and Assistant to its in-car infotainment systems
Amazon's Alexa virtually dominates the voice-based AI space with a 82% market share with Google Home way behind at 18%. In the future, it's plausible people could use Alexa for searches instead.

Casting? Steven Spielberg Didn't Need To Fix It In 'Post'
He had also written the script for "The Fifth Estate", about WikiLeaks founder Julian Assange, and worked on "The West Wing". The revelations that the USA government had for years known the Vietnam War was a lost cause set off massive protests.

Florida Police Officer Captures 12-Foot Python
The Pembroke Pines Police Department tweeted out a photo showing several officers including Cabrera holding the snake Friday. Cabrera was able to wrangle the python and take it to a police station until a licensed python remover arrived.

Iran threatens to seriously respond to United States sanctions against judiciary head
Trump was reportedly encouraged to waive the sanctions by Secretary of State Rex Tillerson and national security advisor H.R. In a statement later Friday Trump said those who do not work with him to amend the deal are effectively siding with Iran.

ON Semiconductor Corporation (ON) EPS Estimated At $0.37
Following the transaction, the chief financial officer now owns 181,606 shares in the company, valued at $2,148,398.98. ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide.

Trump backtracks again after first denying making 'shithole' comments
He said he hates to even be asked about it, and often says, "I am the least racist person you will ever meet". Also taking issue with Trump's reported remarks was state Sen.

Chelsea held 0-0 at home by Leicester
Leicester left West London with a well deserved point, despite having been reduced to 10 men during the second half after Ben Chilwell's dismissal.

African Union, Others Respond To Alleged 'Shithole Countries' Comment
The comment "truly flies in the face of accepted behavior and practice", said Ebba Kalondo, spokeswoman for AU chief Moussa Faki. President Donald Trump repeatedly called African nations " shitholes " during a meeting with congressional leaders on Thursday .

Canadiens' Phillip Danault hit in head by Zdeno Chara slap shot
Danault was struck in the head by a Zdeno Chara slap shot late in the second period Saturday, and was stretchered off the ice. The incident occurred with 1:37 remaining in the second period when Chara fired a 76.5 miles per hour shot from the blue line.