USA: Corn up, soybeans mixed, watching development weather

게시됨 2023년 6월 12일

Tridge 요약

Soybeans were mixed with mostly higher prices due to bear spreading, despite scattered rain and cooler temperatures. The USDA reported that 59% of U.S. soybeans are in good to excellent condition, but export inspections were down. Corn prices were higher due to short covering and technical buying, with some private firms already lowering their yield projections. Wheat prices were mixed, with concerns about planting and development conditions in various countries, and reduced soft wheat production guesses for Europe due to dry weather. U.S. wheat export inspections were also down, with Russia controlling most of the market due to a price advantage.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Soybeans were mixed, mostly higher, on bear spreading. There was scattered rain over the weekend in parts of the region, generally not enough to do much about drought conditions in many areas. That’s likely having at least some impact on early development. Cooler than normal temperatures were reported Monday morning, including record lows in parts of Iowa. The USDA says 59% of U.S. soybeans are rated good to excellent, down 3% on the week, with 96% planted and 86% emerged, both ahead of the respective five-year averages. Soybean meal was up on commercial buying and bean oil was mixed on bear spreading. U.S. soybean export inspections were down on the week and year, mainly to Italy and Mexico, with just a token amount headed to China. Early in the final quarter of 2022/23, inspections have slowed down, widening the gap with the 2021/22 pace. Brazil continues to hold most of the global soybean market share, with CONAB’s updated outlook for Brazil set for Tuesday the 13th.Corn was ...

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