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June 1 soybean stocks were bullish, too.
Corn planted acres climbed from March intentions, but by around 1.1 million acres less than analysts expected. USDA’s June 1 stocks estimates came in on the friendly side of expectations for corn, soybeans and wheat.
Ahead of the Open | June 30, 2021 Grain futures seen lower ahead as market awaits USDA acreage, stocks data.
Commodity traders focus on today’s Acreage, Grain Stocks reports from USDA
June Acreage Report, Quarterly Grain Stocks out today. Rains limit frost damage in Brazil’s northern Parana, with another frost/freeze expected tonight. A bipartisan low-carbon biofuels bill will be unveiled today.
After the Bell | June 29, 2021 Grain futures mixed ahead of USDA acreage, quarterly stocks updates.
Analysts surveyed by Reuters did a pretty good job anticipating Statistics Canada’s planted acreage adjustments.
Ahead of the Open | June 29, 2021 Grain, soybean futures expected to start firmer as USDA crop ratings erode.
Disaster for U.S. spring wheat crop | Brazil corn crop hits another snag | Paraguay corn hit
Frost/freeze the latest ding for Brazil’s battered safrinha corn crop. Solid heat wave for the western Corn Belt likely the latter half of July.
Find highlights from today’s weekly USDA Crop Progress and Condition Report.
The corn and soybean CCI ratings were little changed over the past week, but the spring wheat crop continues to deteriorate.
After the Bell | June 28, 2021 Corn, soybeans, wheat post gains as market fixates on Midwest, N. Plains weather, crop ratings.
June 1 grain stocks will be down sharply, but history signals there could be surprises.
Proposition 12 imposes what opponents claim is arbitrary animal housing standards that reach far outside of California’s borders to farms across the country, and bans the sale of pork that does not meet those standards.
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
But today’s update also featured upside revisions to USDA’s initially reported soybean and especially corn export inspections for the week ending June 17.
EPA still not expected to grant many RFS waivers despite court ruling.
Spring wheat futures continue to climb, soybeans are sharply higher as well with corn futures mildly higher. Cattle futures are mixed and mostly weaker as hog futures firm.
Ahead of the Open | June 28, 2021 Grain, soybean futures seen firmer as trade eyes Midwest weather, USDA acreage report.