Published: Sun, November 12, 2017
Economy | By Shawn Conner

Trade estimates for USDA November US grain end

Trade estimates for USDA November US grain end

The USDA said corn export sales jumped last week to a 5-1/2-year high of more than 2.9 million tonnes, including 2.3 million for shipment in the current marketing year, topping trade estimates.

Corn carryover on September 1, 2018, was forecast at 2,487 million bus, up 147 million bus, or 6%, from October and up 8% from 2,295 million bus in 2017.

The U.S.D.A. forecast corn carryover on September 1, 2018, at 2,487 million bus.

Gareth Southgate says England 'not at the same stage' as Germany
Butland will also miss the glamour clash against Brazil next Tuesday and joins a host of absentees from Gareth Southgate's squad. Loftus-Cheek has now explained what prompted his decision to leave Chelsea behind - albeit temporarily.

USDA did not revise the average farm price range of $2.80 to $3.60 per bushel.

About 90 percent of the state's corn acres are harvested for grain. "And usage for ethanol looks stronger than USDA forecasts, which could also whittle away at supplies". All other 2017-18 all wheat forecasts were unchanged, as were 2016-17 estimates with 2017 carryover at 1,181 million bus.

The Chicago Board of Trade most-active corn contract is down around 2 percent this week, marking on Thursday its lowest since November 2016 at $3.40-3/4 a bushel. Nationally, soybean farmers are expected to harvest a record 4.43 billion bushels, which is three percent more than last year's all-time record production. Import supply fell slightly, too, with crushing volume, exports, seed and residual use totals all unchanged.

Snap launches Snapchat redesign as growth disappoints Wall Street
Daily active users (DAUs) was at 178 million versus the 181.8 million users that were expected. Snap reported revenues of $207.9 million, missing analyst expectations of $236.9 million.

Wheat futures closed mixed for the day, with corn and soybean futures lower. Argentina and Brazilian production was left "unchanged". "Failure to hold support could trigger some liquidation by funds, which have tried to establish a small bullish bet on soybeans lately". Moreover, The USDA reported 1.16 mt of soybeans sold for export during the week of 11/2.

The U.S.D.A. forecast the carryover of all wheat on June 1, 2018, at 935 million bus, down 25 million bus from its October forecast due to a like increase in exports, forecast at 1,000 million bus. Ending stocks are 935 million bushels, which is 246 million bushels lower than a year ago but still ahead of the five-year average.

Mane stars as Senegal beat South Africa to confirm World Cup berth
The win took Senegal to an unassailable 11 points after five games, while South Africa remain rooted at the bottom on four points. Lebogang Manyama, Percy Tau, Themba Zwane and Sibusiso Vilakazi failed to put the finishing touches to their lovely interplays.

Like this: