U.S. corn still pulls demand amid tariff talks

U.S. corn still pulls demand amid tariff talks

Corn closed on the upside last week as the market reacted to better demand in domestic and world markets, Jack Scoville of the Price Futures Group said.

After last week's increase in market participant activity, this week there was a withdrawal of buyers, which resulted in a reduced volume of trade. Corn was the most traded commodity, and the total turnover on the Commodity Exchange amounted to 2,123 tons of goods.

Export Sales of Corn, Beans, Wheat Decline

(NAFB.com) – Sales of corn, beans and wheat all plunged week to week in the seven days that ended on April 3, according to data from the Ag Department. Corn sales in the week through April 10 dropped to 785,600 metric tons, down 33% from both the previous week and the prior four-week average, the agency said. Korea was the big buyer at 204,200 tons, Colombia was in for 196,700 tons, Japan took 180,800 tons, Mexico bought 151,000 tons and Vietnam…

The futures of Chicago's soybean fell on Tuesday, a day after reaching a maximum of seven weeks, under pressure from the weak demand of the main buyer, China, amid an escalation of the trade war and abundant harvest in Brazil.The futures of maize fell due to low demand, although a sale of US maize to Portugal helped sustain prices.Wheat futures fell for the second day in a row after weather forecasts predicted better conditions of growth in the …

Grain markets rally on unexpected supplies - Farm and Dairy

What a difference a few days make. Last week, I was talking about all the negatives in the corn market, especially that the U.S. Department of Agriculture was estimating an all-time record corn crop. The prediction was that we would plant 95 million acres of 182 bpa corn and produce well over 15 billion bushels. Then, we got World Agricultural Supply and Demand Estimates on April 9, and our current corn supply was estimated to be less than the l…

US corn planting doubles in a week, still lags behind average

Southern states leading early season progress as farmers contend with field conditions.