미국 곡물 및 시리얼 insights

The global corn scenario remains challenging, with a bumper crop in the United States and high inventories pressuring international prices. Recent data from the USDA indicate an average productivity of 188.8 bushels per acre and a total harvest of 425.3 million tons, with final U.S. inventories estimated at 53.8 million tons. For Céleres consultant Enilson Nogueira, the context suggests that prices should remain tight, requiring producers to pay attention to margin generation in the coming cycles.

In a head-to-head contest in a small corner of agricultural futures markets, a legacy spring wheat contract that has traded for more than 140 years is fending off a challenge from a competing contract launched this spring by CME Group, the world’s largest futures exchange. Spring wheat, grown in the northern Plains of the U.S. and Canada, is favored for bagels and frozen dough. The contract was introduced in 1883 on the Minneapolis Grain Exchange and has long set the price for premium-quality wheat used by North American millers and exported around the world. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Compared to other commodities, trade in spring wheat contracts is relatively modest. But it is among the only major agricultural commodity derivatives not dominated by CME Group, which in recent decades has expanded from its 19th-century origins as the Chicago Mercantile Exchange into a $99 billion behemoth ...

Over the past week, grain markets in Europe, Russia, and the USA were influenced by several key factors, with the forecast for a record corn harvest in the USA being the dominant one, putting pressure on global prices. In Europe, the focus remained on the harvest and the quality of production, while the Russian market saw higher export prices amid weak demand. USA: Record corn drives down wheat prices The main driver of the market in the USA remained the report from the Department of Agriculture (USDA), which predicted a record corn production. This forecast continued to exert strong pressure on wheat futures on the Chicago Mercantile Exchange (CBOT), which reached new lows. The wheat market is facing more limited supplies and expected stronger exports, but the abundance of corn, which is a competitive feed crop, limits the potential for price growth. Traders' attention during the week was also directed towards the weather conditions in the western Corn Belt, where hot and dry ...