{"id":9103,"date":"2024-04-23T14:26:32","date_gmt":"2024-04-23T18:26:32","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=9103"},"modified":"2024-05-06T14:28:19","modified_gmt":"2024-05-06T18:28:19","slug":"global-grain-market-report-a-detailed-look-at-wheat-corn-and-soybean-markets","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/global-grain-market-report-a-detailed-look-at-wheat-corn-and-soybean-markets\/","title":{"rendered":"Global Grain Market Report: A Detailed Look at Wheat, Corn, and Soybean Markets"},"content":{"rendered":"\n\n\n
\n

April 23, 2024<\/p>\n

Wheat futures decline as USDA reports record-high Russian exports and stable corn prices.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

Wheat<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

Lower US wheat prices help crop remain competitive in foreign markets despite increased global supply<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n
    \n
  • Wheat\u00a0futures decline:\u00a0Wheat futures fell to under $5.4 per bushel, reaching the lowest price since hitting $5.28 on March 15th, indicating ample supply.<\/li>\n
  • USDA WASDE report:\u00a0April’s report maintained the previous upgrade to Russian wheat output, which is projected to reach nearly 91.5 million tonnes this year.<\/li>\n
  • High Russian exports:\u00a0The available wheat for export in Russia is expected to reach an all-time high of 51 million tonnes, making it the largest in the world.<\/li>\n
  • Record-high exports despite disruptions:\u00a0The decision to maintain expectations of record-high Russian exports countered concerns about potential disruptions to shipments due to local trading issues.<\/li>\n
  • Revisions in EU, Moldova, and Pakistan supply:\u00a0The report also revised wheat supply estimates upward for the EU, Moldova, and Pakistan, contributing to the overall picture of ample global supply.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    Corn<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    \n

    Speculators increase short positions supported by robust supply prospects following April WASDE Report<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
    \n
      \n
    • Corn futures stable:\u00a0Chicago corn futures remained steady near $4.3 per bushel.<\/li>\n
    • USDA stock adjustments:\u00a0The USDA adjusted 2023\/24 ending corn stock volumes downwards for U.S. supplies due to higher use for ethanol, feed, and residual use, but the cut was less than analysts anticipated.<\/li>\n
    • South America estimates:\u00a0The USDA made minimal changes to its production estimates for South America, diverging from forecasts by CONAB and IPAD, leading agricultural bodies in Brazil and Argentina.<\/li>\n
    • Brazil corn output:\u00a0The USDA held its estimate for Brazil’s corn output at 4.482 billion bushels, contrary to expectations of a reduction to 4.739 billion bushels.<\/li>\n
    • Argentina corn production:\u00a0Despite the drought effect, Argentina’s production was lowered only by 1 million metric tons, which is less than expected.<\/li>\n
    • Future focus:\u00a0Traders will now shift their attention to planting and weather patterns in the U.S., which will influence future corn market movements.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      Soybeans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \n

      Net US soybean export sales marked three-week high despite futures trading at lowest levels year-over-year<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
      \n
        \n
      • Soybean Futures Decline:\u00a0Soybean futures dropped to $11.6 per bushel, marking their lowest point in over a month due to a persistent global oversupply.<\/li>\n
      • Soybean Stocks Increase:\u00a0The USDA’s quarterly grain stocks report indicated that soybean stocks reached a two-year high of 1.845 billion bushels.<\/li>\n
      • Ukrainian Soybean Expansion:\u00a0Ukrainian farmers are planning to expand their soybean cultivation by 23.5% this year, covering 2.199 million hectares.<\/li>\n
      • Ukrainian Export Growth:\u00a0Ukraine’s soybean exports in 2023\/24 are expected to rebound to pre-war levels and set a new record of 3.1 million tons.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

        April 23, 2024 Wheat futures decline as USDA reports record-high Russian exports and stable corn prices. Wheat Lower US wheat prices help crop remain competitive in foreign markets despite increased global supply Wheat\u00a0futures decline:\u00a0Wheat futures fell to under $5.4 per bushel, reaching the lowest price since hitting $5.28 on March 15th, indicating ample supply. USDA […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9103","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=9103"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9103\/revisions"}],"predecessor-version":[{"id":9104,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/9103\/revisions\/9104"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=9103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=9103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=9103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}