미국 곡류 및 콩류 insights

HIGHLIGHTS The forecast for global grain production (wheat and feed grain) for 2025/26 is 2404 million tons, which is 27 million tons higher than last month (compared to the previous month). The unusually sharp revision of the forecast mainly reflects the increase in corn acreage and yield in the United States, but also a relatively smaller growth in wheat, sorghum, and oats. Changes in grain usage absorb more than half of the supply increase, including growth in feed and industrial consumption. Taking into account the increase in supply compared to the July GMR forecast, as well as the increase in initial stocks, the forecast for global ending stocks (the sum of the corresponding local marketing years) increases by 16 million tons/month, to 597 million tons. The trade forecast (July/June) is increased by 7 million tons, to 437 million tons, reports oilworld.ru citing IGC. Given the slight decrease in the US production forecast, which is more than offset by higher forecasts for ...

(Reuters) - In a fierce battle in the small market for agricultural futures, the contract for spring wheat, which has been trading for over 140 years, is facing competition from a rival 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 used to produce bagels and frozen dough. This contract was introduced in 1883 on the Minneapolis Grain Exchange and for a long time set the price for high-quality wheat used by North American millers and exported worldwide. Compared to other commodities, trading in spring wheat contracts is relatively small. Nevertheless, it is one of the few major derivatives for agricultural commodities not controlled by CME Group, which over the past decades has grown from the Chicago Mercantile Exchange, founded in the 19th century, into a giant with a turnover of $99 billion thanks to acquisitions, including the Chicago Mercantile Exchange and the Kansas City ...

Chicago soybean futures ticked lower on Thursday, pressured by the strong yield potential shown by a closely watched U.S. Midwest field tour. Corn edged up as robust export demand tempered supply pressure stemming from similarly favourable U.S. crop conditions, while wheat rebounded from contract lows. Grain markets were awaiting a demand update from weekly U.S. export sales later on Thursday, with investors largely focused on Friday’s speech at the Jackson Hole symposium by U.S. Federal Reserve head Jerome Powell. Third-day results from the Pro Farmer crop tour showed Illinois has its highest soybean pod counts in at least 22 years and its second-highest corn yield potential. Western Iowa showed above-average yield prospects, though crop diseases could threaten final yields. The annual tour, running through Thursday, is closely followed by the grain market and especially scrutinised this year after the U.S. Department of Agriculture (USDA) projected a much larger-than-expected ...