Blog: Corn

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

Ethanol production is poised to drive up Brazilian corn prices, incentivizing domestic consumption and potentially limiting exports in the upcoming marketing year, according to an industry expert interviewed by S&P Global Commodity Insights last week. Arthur Neto, partner director at Alphamar Shipping Agency, predicts that corn usage for

China is taking steps to bridge the gap between its domestic corn production and consumption, aiming to achieve self-sufficiency within the next decade, according to Li Shengjun, director of the monitoring and prediction department at China's national grain and oils information center (CNGOIC). Speaking at the International Grains

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts US grain and feed exports to reach $37.6 billion in fiscal year (FY) 2024, a $600 million decline from

US wheat sales rebounded in the week ending May 2, 2024, while corn exports continued to decline, according to the latest export sales data released by the United States Department of Agriculture (USDA). Net sales of US wheat for the 2023/2024 marketing year totaled 78,500 metric tons (MT)

Myanmar's corn production and exports are expected to remain subdued in the 2024/25 marketing year, hampered by ongoing conflict, economic instability, and logistical challenges, according to a report by the USDA's Foreign Agricultural Service (FAS). The report highlights the significant impact of civil unrest in

The Biden administration has expanded the eligibility for sustainable aviation fuel (SAF) tax credits to include corn- and soy-based biofuels, as reported by the Wall Street Journal. The new guidelines released by the Treasury Department last week aim at incentivizing the production and use of SAF, which is crucial for