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US corn and soybean exports continued their downward trajectory in the week ending June 20, 2024, according to the latest export sales report from the US Department of Agriculture (USDA). This trend contrasts with a significant increase in US wheat sales, highlighting a mixed outlook for the US grain market.

Chicago wheat prices are on track for their first weekly gain in a month, driven by increasing demand, according to a report by Reuters. However, the grain is still poised to record its largest monthly decline since June 2022, as the northern hemisphere harvest and improved planting conditions in Argentina

The US corn acreage is projected to decrease for the 2024 growing season, while soybean and cotton acreage are expected to increase, according to the latest Acreage report released by the USDA's National Agricultural Statistics Service (NASS). The report, based on surveys conducted during the first two weeks

Food prices in the United States are expected to continue decelerating in 2024, with inflation slowing compared to recent years, according to a report from the USDA. However, the report also highlights significant uncertainty around these forecasts, particularly for volatile categories like eggs and pork. The report predicts that prices

Global grains production is expected to reach a record high in the 2023/24 marketing year, driven primarily by a strong rebound in wheat production, according to the latest report from the International Grains Council (IGC). However, despite the increase in supply, global stocks are expected to remain tight, and

Despite a near-record soybean harvest in Argentina, domestic sales have slumped in June, according to a new report from the Rosario Grain Exchange (Bolsa de Comercio de Rosario). The report reveals that daily soybean trade volume in the local market averaged 87,300 tons so far in June, a significant

Hopes for a bumper harvest in Europe are fading as a challenging start to summer threatens to drag down crop yields, according to the latest report from the European Commission's Joint Research Centre (JRC). While overall forecasts remain close to the five-year average, a combination of waterlogged fields,

The USDA has revised its production forecasts for US sugar, decreasing estimates for both the 2023/24 and 2024/25 marketing years. Meanwhile, Mexico's sugar production for 2023/24 has been adjusted upwards, according to the latest report published by the USDA. The US sugar supply for the

Wheat stock levels are a crucial indicator of global food security and play a significant role in determining wheat prices. Several key factors come into play, impacting the availability and supply of this essential grain. One major factor is weather patterns, which can significantly influence wheat production. Droughts, floods, heatwaves,

The wheat market, like any commodity market, relies on key price indices and benchmarks to gauge market sentiment, track price trends, and facilitate trading. These indices reflect the average price of wheat traded in specific regions or markets, capturing the overall health and dynamism of the global wheat supply chain.