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Soybeans rebound on Chinese buying, corn falls on LatAm outlook – RTRS

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  • Soybeans up after 2-day decline, demand underpins prices
  • Corn eases as Brazil plantings progress in benign weather

SINGAPORE, Nov 15 (Reuters) – Chicago soybean futures edged higher on Tuesday snapping two sessions of declines and recovering from its lowest in more than three weeks on support from China’s persistent demand.

Corn fell for a third consecutive session, hovering close to its lowest since early October as near-perfect planting weather across Brazil anchored the market.

The Chicago Board of Trade most-active soybean contract  Sv1 rose 0.3 percent to $9.86-3/4 a bushel by 0314 GMT, having closed down 0.2 percent on Monday.

Corn  Cv1 gave up 0.4 percent to $3.36 a bushel, having dropped on Monday to its lowest since Oct. 3 at $3.35-1/2 a bushel, and wheat  Wv1 slid 0.1 percent to $3.93-1/2 a bushel.

“Export activity is bullish for soybeans, strong Chinese demand was confirmed by the USDA,” said Kaname Gokon at brokerage Okato Shoji in Tokyo.

“There is plenty of corn supply in the United States and South American plantings are progressing well in normal conditions.”

U.S. Department of Agriculture (USDA) confirmed on Monday private sales of 456,000 tonnes of U.S. soybeans.

China, which buys more than 60 percent soybeans traded worldwide, has been actively booking U.S. cargoes in recent weeks.

U.S. farmers have nearly finished gathering soybeans with the latest USDA report putting the harvest progress at 97 percent, slightly above the five-year average of 95 percent.

Corn harvest was 93 percent complete, almost matching the average pace of 92 percent.

Farmers in Brazil were actively planting corn with recent rains in dry areas boosting crop prospects, traders said.

Wheat is under pressure as the U.S. dollar has strengthened, making U.S. grains less attractive on the world market. The country exports about 40 percent of its wheat crop.

The dollar is closing in on a test of its highest level in almost 14 years as bond yields soared after Donald Trump’s election to president, bringing buyers back to the U.S. currency. USD/

Russian farmers have sown winter grains on the largest area in the last seven years and will plant more in the coming weeks, improving prospects for the 2017 crop, analysts said.

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

 

Grains prices at 0314 GMT

 Contract    Last    Change  Pct chg  Two-day chg  MA 30   RSI
 CBOT wheat  393.50  -0.50   -0.13%   -2.36%       409.29  30
 CBOT corn   336.00  -1.25   -0.37%   -1.25%       347.84  34
 CBOT soy    986.75  2.50    +0.25%   +0.08%       988.08  38
 CBOT rice   9.40    $0.00   +0.00%   -3.24%       $10.17  24
 WTI crude   44.18   $0.86   +1.99%   +1.77%       $48.09  36
 Currencies
 Euro/dlr    $1.075  $0.001  +0.13%   -0.94%
 USD/AUD     0.7561  0.001   +0.15%   +0.15%
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per
 hundredweight
 RSI 14, exponential

Corn futures dip on hopes for break in US rains (am)

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agrimoney.com                   20:12 GMT, Thursday, 22nd Sept 2016, by William Clarke

Corn futures fell back in Chicago, as pressure from the US harvest, and receding weather worries, sapped strength from the market.

Markets have had some support from the rain which is delaying the US harvest.

But weather models suggest that rains will abate after the current weather system moving through the US Midwest passes next week.

Harvest pressure

“Drier weather in the north western Midwest would finally allow corn and soybean drydown and early harvesting to improve,” said Don Keeney, at MDA Weather Services.

“Harvesting should also continue to progress well in the south eastern Midwest and Delta.”

“The harvest pressure is picking up in corn and that has moved the market off the early high,” said Darrell Holaday, at Country Futures.

True, US corn export sales were reported at 921,900 tonnes, at the top end of analyst forecasts, but markets did not develop any support on the news.

December corn futures finished down 1.1%, at $3.38 ѕ a bushel, punching through the 50-day moving average where it found support in the previous session.

Chinese back from holiday

CHS said “pressure from harvest and good export demand seem to be temporarily offsetting” in soybeans.

The USDA reported weekly soybean export sales at 875,700 tonnes, undershooting expectations which ran between 900,000 and 1.20m tonnes.

But commentators were still bullish on demand prospects.

“Beans sales were below estimates but China was on holiday for several days during reporting period,” said Kim Rugel.

And the USDA announced another 360,000 tonnes of soybean sales, believed to be all destined for China, although 120,000 tonnes was option

November soybeans finished up 0.1%, at $9.76 Ѕ a bushel.

Russian export tariff lifted

US wheat export sales topped expectations, at 561,000 tonnes.

And European wheat prices got a boost, as sellers showed interest in an Egyptian wheat tender, after three failed tenders in a row.

But there was downward pressure, with the news that Russia is will remove its wheat export tax from September 23.

And The EU cleared 452,000 tonnes soft wheat export licences in the last week, compared to 371,000 tonnes a year previously, bringing the total so far this season to 1.2m tonnes.

And Morocco bought 310,000 tonnes of EU soft wheat in a tender.

December Paris wheat futures, rose 0.3%, to finish at E162.00 a tonne.

Protein premium

December Chicago wheat futures finished down 0.7%, at $4.05 Ѕ a bushel.

But spring wheat futures, the highest protein variety, rallied.

“Increased milling wheat needs in North Africa, China and India will make this marketing year worth paying attention to right through May,” said Tregg Cronin, at Halo Commodities.

In Minneapolis, spring wheat futures rose 1.3%, to finish at $5.00 ѕ a bushel.

Sugar futures surge, and fall back

Sugar futures surged to their highest level in more than four years, up some 5%, before falling sharply back late in the session.

Coffee futures also turned lower, as the Brazilian real fell back against the dollar.

Brazil is the world’s top producer of coffee and sugar, and a weaker real encourages producer selling.

March raw sugar surged as high as 23.88 cents a pound, the highest for the second month contract since July 2012.

But a spate of late session selling saw the contract settle down 0.4%, at 22.67 cents a pound.

Outside day in arabica

A similar pattern was seen in arabica coffee, which rallied to a 19-month high of 1.641 cents a pound, before turning back to finish down 0.8%, at 155.25 cents a pound.

This marks an outside day, with futures trading above the previous session high, and finishing below the session low, seen as a bearish signal.

November robusta in London settled up 0.8 percent, at $2,002 per tonne, after hitting $2,028, the highest level for the benchmark second position since February 2015

Soybeans ease from 1-month top; corn, wheat fall (RT)

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  • Soybeans dip after Tuesday’s 1.8-pct rally to 1-month top
  • Chicago corn falls 0.4 pct, wheat gives up 0.5 pct

SINGAPORE, Sept 21 (Reuters) – Chicago soybeans fell for the first time in five sessions on Wednesday, with the market taking a breather after climbing to a one-month high in the last session on concerns over rains delaying the U.S. harvest.

Corn gave up 0.4 percent after a 1-percent gain on Tuesday, while wheat eased to snap three sessions of gains.

The Chicago Board of Trade most-active soybean contract Sv1 had declined 0.3 percent to $9.86-1/2 a bushel by 0321 GMT, having hit its highest since Aug. 25 at $9.94 a bushel.

Corn Cv1 lost 0.4 percent to $3.39 a bushel and wheat Wv1 dropped 0.5 percent to $4.04 a bushel.

“Rains are resulting in harvest delays for soybeans in the U.S. Midwest and old-crop inventories are tight. If the harvest keeps getting delayed, there could be problems with deliveries,” said Rajesh Singla, head of agriculture research at Societe Generale.

“For corn, we do not see immediate bullish factors. Planting in Brazil is progressing well but we are keeping a close watch on the La Nina weather pattern which has the potential to bring dryness over South America.”

Strong soybean demand is providing additional support.

The U.S. Department of Agriculture said on Tuesday that exporters had sold another 110,000 tonnes of soybeans to China for delivery during the 2016/17 marketing year.

The USDA said after the market close on Monday that 9 percent of U.S. corn had been harvested as of Sunday, down from the five-year average of 12 percent for this time of the year and analyst estimates of 11 percent. (

The agency said 4 percent of U.S. soybeans had been harvested, down slightly from 5 percent on average.

In the wheat market, focus is turning to Indian demand.

Indian importers have purchased around 76,000 tonnes of Ukrainian-origin wheat in the past couple of weeks as India steps up purchases after two years of poor output.

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

Corn up for 2nd day on expectations of lower U.S. yields (RT)

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  • Corn up from 1-week trough, market eyes lower U.S. yields
  • Wheat eases after Wednesday’s gains, soybeans dip

SINGAPORE, Sept 15 (Reuters) – Chicago corn futures rose for a second session on Thursday, recovering from one-week lows on expectations of further reductions in estimates for U.S. corn yields.

Wheat edged lower after gaining about half a percent in the last session, although the decline wasreined in by prospects of strong demand for U.S. shipments with lower supplies in Europe.

The Chicago Board of Trade most-active corn contract Cv1had climbed 0.2 percent to $3.32-1/4 a bushel by 0305 GMT, after hitting a one-week low at $3.26-1/2 a bushel on Wednesday.

Soybeans Sv1 dipped a quarter of a cent to $9.42-1/2 a bushel and wheat Wv1 gave up 0.1 percent to $4.02-1/2 a bushel.

“We see scope for a further downgrade in USDA’s corn yield estimates and see continued strength in U.S. corn exports amid a severe shortage of corn outside the U.S,” said Rajesh Singla, head of agriculture research at Societe Generale.

“La Nina weather can impact LatAm corn production.”

The U.S. Department of Agriculture trimmed its corn harvest outlook slightly from the previous month, but the crop is still expected to be the largest in history.

The agency on Monday reduced its U.S. corn production forecast to 383.4 million tonnes from 384.9 million tonnes estimated in August.

Lower wheat output in Europe is preventing further declines in wheat prices.

France, Europe’s largest grain producer, harvested 28.5 million tonnes of soft wheat this year, down from a record 40.9 million in 2015, FranceAgriMer said on Wednesday after adverse spring weather hampered crop development.

U.S. soybean processors likely cut back on their pace of crushing during August as some processors shut down for seasonal maintenance to ensure plants would be ready to handle the influx of beans from the upcoming harvest, analysts said.

The National Oilseed Processors Association (NOPA), the largest U.S. trade group for the industry, is expected to report that its members crushed 136.233 million bushels of soybeans in August, based on the average of estimates by six analysts.

The NOPA report is scheduled for release on Thursday at 1600 GMT.

Commodity funds were net buyers of CBOT corn and wheat futures contracts on Wednesday and net sellers of soybeans.

USDA sees higher record U.S. soy crop, futures fall (RT)

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WASHINGTON, Sept 12 (Reuters) – The U.S. Agriculture Department said on Monday that record U.S. soybean yields and production would be higher than previously forecast due to improved crop conditions during August, a critical development period for the oilseed.

The USDA, in issuing its latest monthly U.S. crop forecasts,also trimmed its corn production and yield projections from its August outlook. Even so, they were pegged near the high end of analysts’ forecasts and USDA reiterated its expectation for a record harvest of the yellow grain.

The increased soybean production outlook outstripped rising demand from the domestic and export sectors, and USDA raised its outlook for supplies left at the end of the 2016/17 marketing year, commonly referred to as end stocks.

For corn, 2016/17 U.S. end stocks were lowered by 25 million bushels to reflect the reduced harvest expectations but remained on track to be the biggest since the 1987/88 marketing year.

“USDA increased (soybean) crush for next year and exports for next year, but you still ended up with production outweighing the demand increases,” said Jim Gerlach, president of A/C Trading in Indiana.

Soybean futures Sv1 fell to session lows after the report was released. Corn Cv1 also hit a session low but quickly recovered its losses to hover around unchanged.

USDA left its domestic wheat end stocks view unchanged in its supply and demand report, roughly in line with market expectations.

In the monthly update, USDA forecast the 2016/17 U.S. soybean crop at 4.201 billion bushels, based on an average yield of 50.6 bushels per acre. That topped analysts’ forecasts that ranged from 4.019 billion bushels to 4.162 billion bushels for production and 48.1 bushels per acre to 50.1 bushels per acre for yield.

Corn production was seen at 15.093 billion bushels, down from the government’s August estimate of 15.153 billion bushels. USDA lowered its corn yield view by 0.7 bushels per acre to 174.4 bushels per acre.

On the supply side, the government cut its 2015/16 soybean ending stocks view to 195 million bushels from 255 million bushels. Analysts, on average, had expected 2015/16 soy ending stocks of 232 million bushels. The move reflected a 60 million-bushel increase in exports for the marketing year.

For 2016/17, USDA pegged soybean ending stocks at 365 million bushels, up from 330 million bushels in its August report, due to the increased harvest view.

The government said 2015/16 U.S. corn ending stocks would be 1.716 billion bushels, up 10 million from August due to lower exports. For 2016/17, domestic corn stocks were pegged at 2.384 billion bushels.

China imports will keep U.S. soybean market on its toes -Braun (RT)

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CHICAGO, Sept 9 (Reuters) – When it comes to assessing demand for U.S. soybeans, never underestimate the Chinese.

China’s penchant for the oilseed has mushroomed in recent years, complementing growth in the country’s livestock sector, particularly pork. As the world’s largest soybean consumer, China will use over 40 percent more soybeans than the world will have in storage next year.

The United States just began its 2016-17 soybean marketing year, and China will have a big say in how much supply is left over at the close of next August.

The increasing likelihood of a record-large soybean crop in the United States, one of China’s key suppliers, may have at least temporarily masked some of the risk to the domestic balance sheet.

Analysts expect U.S. soybean production to increase in Monday’s U.S. Department of Agriculture supply and demand report, but they expect 2016-17 ending stocks to remain relatively unchanged near 330 million bushels.

Although this reflects that huge yields will be offset by increasing demand, there is the potential for demand to pull U.S. soybean inventory even lower throughout the next year if China’s recent habits remain the same.

CHINA BY THE NUMBERS

In 1996-97, China imported just over 2 million tonnes of soybeans and a decade later this figure had climbed to 29 million tonnes.

The U.S. Department of Agriculture has projected China to import 87 million tonnes in the 2016-17 marketing year, which will begin on Oct. 1. This is the equivalent of 3.197 billion bushels, and for comparative purposes, the United States produced 3.929 billion bushels of soybeans last year.

To put China’s massive soybean demand trend into perspective, the East Asian country now accounts for nearly two-thirds of the world’s imports of the oilseed. When subtracting China from the mix, the global soybean import trend over the past 20 years is practically rendered flat

As the world’s two biggest soybean producers, the United States and Brazil are naturally China’s primary suppliers. Over the last couple of years, the two countries have been responsible for 85 to 90 percent of China’s total soybean imports

Not surprisingly, China buys the majority of soybeans that Brazil and the United States export. In 2014-15, some 72 percent of Brazil’s shipments were imported by China, and the corresponding figure for the United States was 59 percent.

The United States supplies the first half of China’s marketing year while Brazil takes over the second half. Peak soybean shipments from the United States to China occur around December, and Brazil will peak between April and May

LITTLE INCREASES ARE HUGE

In May 2014, the U.S. Department of Agriculture placed Chinese soybean imports for the new 2014-15 marketing year at 72 million tonnes. At the conclusion of the season in late 2015, China had actually imported 78.35 million tonnes.

In May 2015, the initial estimate for the nearly completed 2015-16 year was 77.5 million tonnes. As of last month, USDA expected that China will import 83 million tonnes of soybeans in the current marketing year.

The lesson? China’s soybean appetite seems limitless, as its annual imports have been significantly underestimated in the past two years.

The difference in the initial and final Chinese soybean import figures from 2014-15 was 233 million bushels, very close to the 255 million bushels that the United States is estimated to have left over after its recently concluded 2015-16 marketing year.

China may not reach 83 million tonnes in 2015-16, though, as Shanghai-based analyst JC Intelligence Co Ltd (JCI) said on Thursday that September soybean imports may fall below 6 million tonnes.

This would be well below last September’s 7.3 million tonnes.

Through August, China has imported 76 million tonnes of soybeans. But even an optimistic assumption of 6 million tonnes imported during September would land the final volume about 6 percent higher than the initial assumptions – a difference of 165 million bushels.

The brief slowdown in imports should be only temporary, according to JCI. Chinese demand for U.S. soybeans received a boost last week as a delegation of buyers signed agreements to purchase nearly 4 million tonnes at a signing ceremony in Indianapolis.

In the United States, about 41 percent of the expected soybean export volume for 2016-17 has been booked through Aug. 25. This rate is very comparable to previous years and implies that U.S. soybean shippers are about to get pretty busy in a couple of months, especially if sales continue on a strong course.

Maybe it is hard to imagine that China’s potential 87 million-tonne haul could edge much higher over the next year or so, but then again, it was probably difficult to fathom a volume over 30 million tonnes just a decade ago.

Of course, Brazil’s harvest early next year will be crucial in just how much of the oilseed China can acquire, as well as the timing and the source. But the United States will take the leading role in supplying China with soybeans for at least the next six months, and it is a good idea to pay attention because increasing Chinese demand could cut down U.S. supply in a jiffy.

  • Graphic-Global soybean imports since 1996/97; with and without China
  • Graphic-Soybean suppliers to China, 2013-2016
  • Graphic-China soybean imports by month from U.S. and Brazil

Corn dips from 2-week top, market eyes USDA report (RT)

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  • Chicago corn eases for the first time in six sessions
  • Market sees USDA trimming corn yields in Monday’s report
  • Corn, soybeans, wheat seen posting gains for the week

SINGAPORE, Sept 9 (Reuters) – Chicago corn futures eased from a two-week high on Friday as the market took a breather after a short-covering rally which lifted prices 7.3 percent in the past five sessions.

Soybeans slid following five days of gains, while wheat edged lower ahead of a key U.S. government’s supply-demand report due on Monday.

For the week, the Chicago Board of Trade most-active corn contract Cv1 has gained 2.6 percent, soybeans Sv1 are up 2.3 percent and wheat Wv1 has added 1.3 percent. All three markets are on track to record their first gain in three weeks.

“We saw a bullish trend in corn mainly due to short-covering, the market is now waiting for the USDA report,” said Kaname Gokon at brokerage Okato Shoji in Tokyo.

“The USDA is expected to reduce corn yields from what they forecast in the August report but overall the crop is still expected to be very large.”

Corn hit more than a two-week high of $3.38-3/4 a bushel on Thursday.

The USDA in its September supply and demand outlook is likely to reduce the average corn yield to 173.4 bushels per acre, down from 175.1 bpa on Aug. 12 but still a record high, according to a Reuters analyst poll.

Analysts predicted the USDA would boost U.S. soybean yields to a record of 49.2 bpa, up from 48.9 bpa in August.

U.S. Energy Information Administration data released at mid-morning on Wednesday showing sharply lower production of corn-based ethanol and decreased stocks of the biofuel was seen as bullish for ethanol prices but slightly bearish for corn.

In what could be bearish for the soybean market, Brazil’s 2016-17 crop is expected to be a record 103.1 million tonnes early next year, an average of 12 forecasts showed, surpassing this season’s output by about 8 percent.

On Tuesday, Brazil’s crop supply agency Conab at the Agriculture Ministry estimated Brazil’s 2015/2016 soybean crop at 95.4 million tonnes in its 12th forecast.

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

Meanwhile, a U.S. government weather forecaster said Thursday La Nina conditions were no longer likely to develop during the Northern Hemisphere fall and winter 2016/17, saying neutral conditions were more likely.

U.S. harvest begins, though yield still up in the air -Braun (RT)

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Karen Braun is a Reuters market analyst. Views expressed are her own.

CHICAGO, Sept 7 (Reuters) – Now that the calendar has turned to September, U.S. combines will begin rolling to collect the world’s largest corn and soybean crops, but meaningful harvest results are unlikely to surface until November.

On Monday, the U.S. Department of Agriculture’s statistics agency will update its monthly crop production report. This includes potential adjustments to the initial U.S. corn and soybean yield estimates released last month.

During the growing season, USDA’s National Agricultural Statistics Service updates corn and soybean yield projections just four times, monthly from August through November, before the final number is published in January. Therefore the agriculture market tends to hang on each monthly update for news on how big the crops will be.

The downside of relying too heavily on the September yields is that only a small fraction of corn and soybean fields are cut by the time the estimates are made. Since October is the biggest harvest month for both crops, NASS forms the September estimate in a similar way to the August one.

In the week ending Sept. 4, more than 80 percent of the corn crop had been harvested in Georgia, Louisiana and South Carolina, and over 50 percent had been cut in Arkansas, Mississippi, North Carolina and Texas.

These seven states account for 7 percent of national corn production. By comparison, No. 2 producer Illinois had only 1 percent of its corn harvested by the same date.

Only four states were reporting soybean harvest progress as of Tuesday: Arkansas (6 percent), Louisiana (25 percent), Mississippi (12 percent), and Texas (39 percent). These states combine for 9 percent of national soybean production.

CORN

Using the past five years as a guide, about half of the U.S. corn crop will be harvested in October, and the other half is split fairly evenly between September and November.

The recent five-year average shows that the corn harvest is around 23 percent complete by the end of September and around 73 percent complete by the end of October. Harvest is generally completed by the Thanksgiving holiday in the fourth week of November .

Of the major corn producing states, Illinois is the only one that generally harvests faster than the national average due to location. But because the bulk of the high-yielding crop is chopped toward the latter half of the harvest campaign, we sometimes have to wait until November or beyond for a truly representative yield number.

This coming Monday, NASS will publish the percentage of corn harvested in its crop progress report for the first time this season. The initial overall percentage may be slightly higher than usual since the early-harvesting Southern states are currently ahead of schedule.

But for the U.S. crop as a whole, recent maturity ratings do not suggest that this year’s corn harvest will necessarily move along faster than normal. Harvest progress corresponds well with maturity, and as of Sunday, the 2016 crop was 18 percent mature – 1 point higher than last year and 2 points below the five-year average.

SOYBEANS

October is an even bigger month to cut soybeans, as nearly two-thirds of the U.S. crop is typically harvested then. About 20 percent is completed in September and the last fields are harvested in November.

In contrast to corn, many of the major production states harvest soybeans earlier than the national average. Most of these states have a big corn crop to harvest as well, but the window in which to harvest soybeans is very small, and most farmers harvest soybeans first.

This is because mature soybeans are far more vulnerable to losses than mature corn. At this stage, the pods tend to lose moisture quickly. If harvest occurs slightly too late, pods that are too dry can shatter at the combine head and cause losses to the farmer. The pods are also at risk of shattering in the event of severe weather such as hail or high winds.

When soybeans reach maturity, the green plants turn from yellow to brown and lose all their leaves. As of Sunday, 12 percent of the U.S. soybean crop was dropping leaves. This is equal to the five-year average and 3 points behind last year at the same time.

This year’s soybean harvest progress will likely be published a week from this coming Monday. The four states currently reporting progress are generally on pace with average.

History confirms that September yield estimates are not always permanent. In the last four years, NASS’s September soybean yield projection has deviated much further from the final January figure than corn.

Additionally, September soybean yield has been too low for five years straight, while only three of the past five September corn yields were lower than the final yields.

  • Graphic- Typical U.S. corn harvest progress with select states
  • Graphic- Typical U.S. soybean harvest progress with select states
  • Graphic- USDA corn and soybean yields: September report to final, 1991-2015
Posted in Ag

Soybeans up for 4th day on weather concerns, strong demand (RT)

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  • Soybeans rise, wet weather threatens to delay harvest
  • China-led strong demand underpins Chicago soybean prices
  • Corn dips as U.S. harvest kicks off, wheat ticks higher

Adds comment, detail

SINGAPORE, Sept 7 (Reuters) – Chicago soybeans rose for a fourth consecutive session on Wednesday, with prices underpinned by strong demand and concerns over excessive wet weather delaying the U.S. harvest.

Corn prices remain under pressure as farmers start gathering a record-sized U.S. crop, while wheat ticked up after closing marginally lower on Tuesday.

The most-active soybean contract on the Chicago Board of Trade Sv1 had risen 0.1 percent to $9.61 a bushel by 0306 GMT, having firmed 0.8 percent on Tuesday when it hit the highest since Aug. 30 at $9.64 a bushel.

Corn Cv1 was unchanged at $3.28-1/2 a bushel, after dropping to multi-year lows last week and wheat Wv1 gained 0.2 percent to $3.99-1/4 a bushel.

“The U.S. Midwest is likely to receive more rain this week than had previously been forecast,” said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.

“While meteorologists have downplayed the impact on crops, plenty of market chatter about delays to maturation and harvesting is doing the rounds.”

Soybean prices drew support from a USDA report showing export inspections of U.S. soybeans in the latest week at 1,232,739 tonnes, above a range of trade expectations for 700,000 to 950,000 tonnes.

Gains in soybeans are being capped by the healthy condition of the U.S. crop so far this season. The U.S. Department of Agriculture rated the soybean crop as 73 percent good-to-excellent, unchanged from last week. Analysts had expected a slight decline in ratings.

The USDA rated 74 percent of the U.S. corn crop in good-to-excellent condition, in line with trade expectations and down from 75 percent the previous week.

The government has not yet issued a national figure for corn harvest progress, but state reports pegged the harvest as 1-percent complete in Illinois and 8-percent complete in Missouri.

Commodity funds were net buyers of CBOT soybean futures on Tuesday and small net sellers of corn and wheat. COMFUND/CBT

Meanwhile, Canada’s wheat stockpile shrank to its smallest mid-summer level on record, a Reuters trade survey estimated ahead of a government crop report.

Grains prices at 0306 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 399.25 0.75 +0.19% +0.00% 424.63 31
CBOT corn 328.50 0.00 +0.00% +0.00% 333.07 47
CBOT soy 961.00 1.25 +0.13% +0.89% 979.77 37
CBOT rice 9.53 $0.01 +0.05% +1.11% $9.81 39
WTI crude 45.10 $0.27 +0.60% +1.49% $44.42 47
Currencies
Euro/dlr $1.125 $0.000 +0.01% +0.98%
USD/AUD 0.7669 -0.002 -0.22% +1.20%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential

Китай отказался покупать украинские зерновые

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  finance.ua

Китай отказался покупать украинский ячмень, сою и кукурузу.

Причина – выявление вредителей, болезней и нематод, запрещенных к ввозу в Китай, сообщает Инфоиндустрия.

В частности:

Вредители:

Стеблевой кукурузный мотылек — Ostrinia nubilalis Hubn. обнаружен в:

Ивано-Франковской области (Тлумацком, Рогатинском р-х), на площади 675,33 га;

Кировоградской области (Александровском р-не), на площади 402 га;

Тернопольской области (Подволочиском, Збаражском р-х), на площади 839 га при обследованиях посевов кукурузы.

Болезни:

Вирус полосатой мозаики пшеницы — Wheat streak mosaic virus обнаружен в:

Николаевской области (Первомайском р-не), на площади 191 га при обследованиях посевов кукурузы.

Кладоспориоз серо оливковый — Cladosporium griseo-olivaceum Pidopl. обнаружен в:

Житомирской области (Овручском и Попельнянском р-х), на площади 398 га., При обследованиях посеве кукурузы.

Вертицилий бело-черный — Verticillium albo-atrum обнаружен в:

Житомирской области (Ружинском р-не), на площади 189,1 га., При обследованиях посеве сои.

Вирус мозаики люцерны — Alfalfa mosaic virus обнаружен в:

Ровенской области (Дубенском р-не), на площади 47 га;

Черниговской области (Нежинском р-не), на площади 155 га, при обследованиях сои.

Вирус штриховатой мозаики ячменя — Barley stripe mosaic virus обнаружен в:

Донецкой области (Первомайском р-не), на площади 64,88 га, при обследованиях ячменя.

Нематоды:

Стеблевая нематода — Ditylenchus dipsaci (kuhn) filipjev. обнаружена в:

Львовской области (Бродовском р-не), на площади 247 га, при обследованиях сои.

Все хозяйства, на полях которых обнаружены вредные организмы кукурузы, сои и ячменя, были оповещены о результатах проверок и экспертиз, им было отказано в будущем экспорте зерна из зараженных площадей (как таковым, которые не соответствуют протоколам фитосанитарных и инспекционных требований КНР по кукурузе, ячменю и сое).

Напомним, украинские аграрии рассказали, где собрались хранить второй по счету рекордный урожай