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Australian wheat, rice exports cut in WASDE: USDA

Liz Wells, 12 December 2018

Estimates for Australia’s 2018/19 wheat exports and production have been clipped further in the USDA’s December World Agricultural Supply and Demand Estimates (WASDE) report released overnight.

Australia’s forecast wheat exports cut to 11.5Mt: USDA

Grain Central, 09 November 2018

Australia’s production and export figures have been revised down in the latest USDA World Agricultural Supply and Demand Estimates report released overnight, which also details increased stocks and production for China as its trade stoush with the US continues.

World set to produce 119.4 million bales of cotton

Grain Central, 09 November 2018

Global cotton production for 2018/19 is forecast to be 119.4 million bales (Mb), down 3.5 per cent from the previous season, but up from the February 2018 forecast of 117Mb, according to the latest USDA outlook.

Tell ‘em they’re dreamin’!

Guest Author, 16 October 2018

Peter McMeekin this week comments on the disparity between USDA optimistic predictions of Australia’s winter crop and the expectations of market participants as frost damaged crops across Australia and drought hit winter yield prospects in most of the Murray Darling Basin.

Australian wheat production estimate cut by 1.5Mt: USDA

Grain Central, 12 October 2018

The USDA has cut its forecast for Australian wheat production to 18.5 million tonnes, down 1.5Mt from its previous estimate, in its October World Agricultural Supply and Demand Estimates Report released overnight.

Global supply issues likely to push wheat values higher …

Guest Author, 09 October 2018

Peter McMeekin this week foreshadows continued upward pressure on world wheat prices as Middle East and North Africa buyers continue to book business at higher levels. Haymakers in Australia taking their cue from the drought-driven hay price, while SA/Vic crop potential gets cut.

US heads for record summer crop yields: USDA

Grain Central, 20 September 2018

Record yields are on the cards for the US summer crops of corn and soybeans. Corn recently began an earlier-than-usual harvest in the US mid-west.

Australian wheat at unexpectedly high 22Mt: USDA

Grain Central, 13 August 2018

The USDA has estimated Australia’s coming wheat crop at 22 million tonnes, in line with ABARES’ most recent projection, but around 3Mt above industry expectations.

Crop forecast déjà vu turns markets volatile

Guest Author, 19 June 2018

The USDA and ABARES released updates for their relevant papers on crop production this week, sparking up markets as the July CBOT wheat contract traded at US52c/bu weekly range (A$27/t) and ended closing lower at 499.50c/bu.

Big crops, weak currency keep Brazilian soy exports cranking

Grain Central, 18 June 2018

Brazil displaced the US as the world’s biggest soybean exporter in 2013/14, and is banking the windfall of not only big crops but also dramatically depreciating currency to maintain its top ranking among world soybean exporters, says USDA.