Forwarded from Ice Age Farmer
GRAINS-Wheat and corn up over 20% in 2021, soybeans edge to third year of gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Corn futures Sv1, which have jumped 23.4% this year, have paced the grain markets, supported by increased feed usage by livestock as well as a rebound in the ethanol sector as drivers returned to the roads due to easing COVID-19 restrictions. The corn market has risen for four years in a row.
Wheat futures were up 20.6% for the year and were on track for their fifth straight yearly gain and their biggest since 2010. Crop problems in Australia and worries about export curbs in Russia have supported the wheat market throughout 2021.
Soybean futures, which hit their highest level since 2012 in May, were up just 2.4% for the year, as a bumper harvest in the United States and good growing weather in Brazil have pressured prices during the fourth quarter.
#Corn #soybeans #Wheat #FoodPrices
https://www.nasdaq.com/articles/grains-wheat-and-corn-up-over-20-in-2021-soybeans-edge-to-third-year-of-gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Corn futures Sv1, which have jumped 23.4% this year, have paced the grain markets, supported by increased feed usage by livestock as well as a rebound in the ethanol sector as drivers returned to the roads due to easing COVID-19 restrictions. The corn market has risen for four years in a row.
Wheat futures were up 20.6% for the year and were on track for their fifth straight yearly gain and their biggest since 2010. Crop problems in Australia and worries about export curbs in Russia have supported the wheat market throughout 2021.
Soybean futures, which hit their highest level since 2012 in May, were up just 2.4% for the year, as a bumper harvest in the United States and good growing weather in Brazil have pressured prices during the fourth quarter.
#Corn #soybeans #Wheat #FoodPrices
https://www.nasdaq.com/articles/grains-wheat-and-corn-up-over-20-in-2021-soybeans-edge-to-third-year-of-gains
Nasdaq
GRAINS-Wheat and corn up over 20% in 2021, soybeans edge to third year of gains
U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021.
Forwarded from Ice Age Farmer
USDA just released January data, lowering global carryout of soybeans by 9mil bushels, and corn by 2m — this reflects how bad growing season is going in South America.
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022.
#Soybeans #Corn
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022.
#Soybeans #Corn
Forwarded from Ice Age Farmer
USDA just released January data, lowering global carryout of soybeans by 9mil bushels, and corn by 2m — this reflects how bad growing season is going in South America.
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022. And with China just closing another port — there is good reason to be concerned.
- more expensive food
- more expensive animal feed = less ranchers, more expensive meat
#Soybeans #Corn
Supplies remain tight, ie., neither bad weather nor fertilizer shortages / supply chain disruptions will be easily tolerated in 2022. And with China just closing another port — there is good reason to be concerned.
- more expensive food
- more expensive animal feed = less ranchers, more expensive meat
#Soybeans #Corn
Forwarded from Ice Age Farmer
Brazil: ships sit waiting for delayed soybean harvest. They export 44% of global soybean supply — and the beans just aren’t there.
It’s not just Ukraine/Russia that are off the table. We are truly passing the point of no return for global food supply.
#Brazil #soybeans
https://gcaptain.com/ships-sit-empty-for-weeks-waiting-for-delayed-brazil-soybeans/
It’s not just Ukraine/Russia that are off the table. We are truly passing the point of no return for global food supply.
#Brazil #soybeans
https://gcaptain.com/ships-sit-empty-for-weeks-waiting-for-delayed-brazil-soybeans/
gCaptain
Ships Sit Empty for Weeks Waiting for Delayed Brazil Soybeans
By Tarso Veloso (Bloomberg) — A backlog of vessels waiting to load soybeans from some Brazilian ports is stretching to near-record lengths as the world’s biggest bean exporter struggles to harvest...