United Grain Corporation’s Post

📈 Wheat prices surged nearly €10/t on the MATIF exchange Friday, bouncing from the €215/t support level. This spike follows reports of a significant decrease in Russian wheat production, with the Rostov region down 38% and a nationwide drop of 9% compared to earlier predictions. 📊 #GranidaNEWS #Wheat #Commodities #Trading #Agriculture #Market #MATIF

According to the USDA's weekly crop progress report, 61% of corn acres and 75% of soybean acres have been harvested in Indiana. Harvest progress is above the five-year average in Indiana, which is 45% of corn acres harvested and 62% of soybean acres harvested, at this point in the harvest season. #harvest #harvest2024

Persistent rain has severely delayed France's wheat harvest, with only 4% of the soft wheat area harvested compared to 26% the previous year. The French agriculture ministry forecasts a 15% production drop to a four-year low of 29.7 million metric tons. Market estimates suggest even lower figures. Poor yields for winter barley, the first major cereal to be harvested, have raised concerns about overall crop quality. The continuous rain and limited sunshine have significantly impacted crop conditions, with further downward revisions to harvest expectations anticipated. #Rain #France #Wheat #Harvest #FrenchAgricultureMinistry #PoorYield

U.S. corn and soybean exports are highly dependent on river barges. Lower river levels created headaches and higher barge rates for the ag industry in 2023. http://spr.ly/6041TuNeW

🇪🇺 #EU #wheat #harvest may be the lowest in six years Last week, estimates of wheat production in the EU declined as yields remained lower than expected in the leading producing countries - #France and #Germany. This was the result of prolonged rains during the key periods of crop development and harvesting. The lower estimates of analysts, the USDA Foreign Agricultural Service (FAS) and the governments of France and Germany indicate a difficult situation. Stratégie Grains currently estimates the production of soft wheat in the EU at 116.50 mln tons. This is 5.8 mln tons lower than the company's previous forecast and will be the lowest harvest since 2018 (114.8 mln tons according to the European Commission). The company also drew attention to quality issues. Read more 👉 http://surl.li/hrxpnu

Issues of Super Abundance and Lower Corn Prices The bins are relatively full from 2023 and this year's crop is a bumper, with enduring headwinds for #corn prices. #Grains are leaders in supply elasticity and the combination of the biggest money pump in history and #Russia's invasion of #Ukraine provided a good test of those forces, which are proving more powerful than ever. The full report is on the Bloomberg terminal here: https://lnkd.in/eRwHnG9F {BI COMD} #commodities #agriculture #soybeans #wheat #food Bloomberg Intelligence

Smallest #EU-27 #wheat crop since 2018 #European wheat production estimates have dropped due to poorer #yields in #France and #Germany, caused by persistent #rain during crucial #crop periods. The French #government reduced its #soft wheat crop estimate by 3.3 Mt to 26.3 Mt, marking a 25% #decrease from 2023 and the smallest crop since 1987. Germany's first estimate of its 2024 wheat crop is also down, at 19.7 Mt, the lowest since 2003. These smaller crop numbers are helping to support wheat prices, although the positive #US #maize outlook may limit #gains in #feed #grain prices. https://lnkd.in/dTydmysR

As Kentucky corn and soybean producers move through their harvest season, yields have varied depending on farm locations and whether Mother Nature was kind or not. Learn more about how the weather is affecting the harvest this year at https://lnkd.in/eFMBBtjg.

🇦🇷🌧Rainfall will likely be below normal in the western part of Argentina's agricultural heartland over the next three months, the country's National Weather Service said on 31 May, forecasting normal to below-normal rainfall for the rest of the Pampas region. Below-normal rainfall will be beneficial for Argentine farmers finishing the delayed soybean and corn harvest, and will allow wheat planting to move forward at a steady pace. Soil moisture for wheat is good.

after wheat harvest which crop is best for me?