미국 곡물 및 시리얼 인사이트

The outlook for the U.S. wheat market is bearish, according to Mike O’Dea, a risk management consultant with Stone X. The primary factor driving this pessimism is the low price of corn, which is impacting the price spread between wheat and corn. “It’s hard to keep that wheat-corn spread too wide,” O’Dea noted, highlighting the

The international corn market closed July under strong downward pressure. On the Chicago Board of Trade (CBOT), the bushel fell to US$ 3.94 on the 31st, down from US$ 4.01 a week earlier. This is the lowest value since September 2024 for the first contract expiration.

According to analysts, basis prices for corn and soybeans generally declined steadily at elevators, processing plants, and river terminals during a selective inspection of enterprises in the Midwest U.S. on Thursday. This is due to some farmers selling old crops and a decrease in export demand. Basis rates for corn delivered by barge to terminals on the U.S. Gulf Coast strengthened on Thursday amid good export demand after increased sales of old crop stocks by farmers pressured prices earlier in the week, traders reported. Soybean prices on CIF terms remained at the previous level or even decreased due to weak demand. Soybean futures on the Chicago Mercantile Exchange fell to their lowest level since April on Thursday as favorable weather for the U.S. harvest, abundant global supplies, and weak demand from China contributed to lower prices, analysts noted. Soybean meal futures on the Chicago Mercantile Exchange also set session lows earlier in the session as abundant U.S. supplies ...