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Urner Barry Releases May Soy & Wheat Report

In the latest WASDE report, the USDA stated that the outlook for 2022/23 wheat this May is reduced supplies, lower exports, and higher prices. U.S. 2022/23 wheat supplies are projected down 3%, as lower beginning stocks more than offset a larger harvest. All wheat production is estimated at 1,729 million bushels, up 83 million from a year ago. Also, all wheat yield is projected at 46.6 bushels per acre, a slight increase from last year. The USDA's first survey-based forecast for 2022/23 winter wheat production is down 8% from last year, with abandonment for Winter Wheat at the highest level since 2002. However, Spring Wheat production is expected to rebound significantly from last year's drought-reduced Hard Red Spring and Durum crops primarily on return-to-trend yields.

Globally, the 2022/23 wheat outlook is for lower supplies, increased trade, and reduced ending stocks. Production is forecast at 774.8 million tons, 4.5 million lower than a year prior. Reduced production in Ukraine, Australia, and Morocco was partially...

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May 19 8:00 AM, Plant Protein



WASDE Data Shows Lower Projected Corn Crop and Lower U.S. Exports

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA's outlook for U.S. feed-grain is for lower production, domestic use, exports and ending stocks, and higher prices. The corn crop is projected at 14.5 billion bushels, which is down 4.3% from last year.  

In a special note, USDA wrote "Russia’s recent military invasion of Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The May WASDE represents an ongoing assessment of the short-term impacts as a result of this action". 

Total U.S. corn use for the 2022/23 year is expected to decline 2.5% from a year ago due to lower exports and domestic use. Corn used to produce ethanol is unchanged from last year, reflecting expectations of steady U.S. motor gasoline consumption

U.S. corn exports are down 4% in 2022/23 due to lower supplies and strong domestic demand. Despite record exports projected for Argentina and Brazil, a 550-million bushel drop in exports for Ukraine is the main cause for a decline in world trade...

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May 13 8:24 AM, UB Newswires


Urner Barry Releases April Soy & Wheat Report

Besides drought, this past winter season featured notable extremes. In December, multiple severe weather conditions resulted in more than 200 tornadoes. December also ended with wildfires spreading near Boulder, Colorado, after a derecho swept from the east-central Plains into the upper Midwest. A month later, blizzard conditions along the northern Atlantic coast caused the coldest air movement in 4 years across Florida's peninsula.

For 2022, area for all wheat is estimated at 47.4 million acres, a slight increase from 2021. This would represent the fifth lowest all wheat planted area since records began in 1919. At 34.2 million acres, 2022 winter wheat planted area is up 2% from last year but down less than...

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Apr 22 8:00 AM, Plant Protein


Urner Barry Releases March Emerging Plant Protein Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this March is for stable supplies, unchanged domestic use, reduced exports, and higher ending stocks. Projected 2021/22 all rice ending stocks were increased slightly to 34.5 million cwt, 21% lower than last year. The season-average farm price for all rice is forecasted at $15.90/cwt, a $0.20 increase on higher projected U.S. wheat, corn, and soybean prices.

The global rice outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Rice supplies were raised by 4.9 million tons to 701.6 million, mainly on...

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Mar 24 8:00 AM, Plant Protein


Urner Barry Releases March Soy & Wheat Report

In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this March is lower supplies, unchanged domestic use, reduced exports, and higher ending stocks. Projected 2021/22 ending stocks were raised by 5 million bushels to 653 million, but 23% lower than a year ago. The season-average farm price was raised $0.20 to $7.50/bu based on NASS prices and expectations for prices in the remainder of the marketing year. Despite the sharp increases in futures and cash prices recently, a significant majority of U.S. wheat has already been marketed this year, limiting the season-average farm price increase.

Globally, the 2021/22 wheat outlook is for higher production, decreased trade, lower consumption, and larger ending stocks. The 2021/22 global use forecast was lowered by...

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Mar 17 7:56 AM, Plant Protein


Urner Barry Releases February Emerging Plant Protein Report

In February, the USDA reported that total rice exports are projected at 87.0 million cwt, 1.0 million cwt below the previous forecast and 7% lower than a year earlier. The downward revision was based on monthly U.S. Bureau of the Census trade data through December, shipment and outstanding sales through end-January, and expectations regarding shipments and sales the remainder of the 2021/22 marketing year.

Global rice trade in calendar year 2022 is projected at 50.9 million tons, up about 1.5 million tons from the previous forecast. India and Pakistan accounted for most of the...

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Feb 24 7:57 AM, Plant Protein


Urner Barry Releases February Soy & Wheat Report

In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this February is stable supplies, lower domestic use, reduced exports, and higher ending stocks. Food use was lowered by 3 million bushels to 959 million with durum accounting for the entire reduction. Seed use was revised down 2 million bushels to 64 million based on NASS seed use data for the first two quarters of the marketing year. Projected 2021/22 ending stocks were raised by...

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Feb 17 8:00 AM, Plant Protein







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