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Few changes in March USDA report

Increased projections for South American corn, soybeans, U.S. wheat carryout

The United States Department of Agriculture’s (USDA) monthly supply/demand estimates, released on March 8, were largely left unchanged, the exceptions being South American corn and soybeans as well as U.S. wheat.



Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea.  Photo: IanChrisGraham/iStock/Getty Images

U.S. corn, soybean, wheat yields to rise in 2024/25

More soybean acres; corn and wheat area to drop

Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.







(Lisa Guenther photo)

U.S. wheat futures hit new lows, more losses likely

CNS Canada –– All three U.S. wheat futures markets hit fresh contract lows on Tuesday — and further losses are likely, as most fundamental and technical factors remain bearish. “The trend certainly hasn’t been positive,” said market analyst Bryan Strommen of Progressive Ag in Fargo, N.D. He cited improving U.S. winter wheat conditions, favourable weather […] Read more