Urner Barry Releases November Soy & Wheat Report

This month, the U.S. soybean outlook for 2021/22 is for lower production and exports, and higher ending stocks. Soybean production is forecast at 4.42 billion bushels, down 23 million on lower yields. Lower yields in Indiana, Iowa, Ohio, and Kansas account for most of the change in production. The U.S. season-average soybean price is forecast at $12.10/bu, a decrease of $0.25.

According to the USDA's Crop Progress report, soybean harvest is just about on par with the five-year average rate at 87% completion. Minnesota reported that...

WASDE Report Shows Larger Corn Production, Slightly Smaller Stocks

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA outlook for U.S. corn calls for larger production, increased ethanol use, and marginally lower ending stocks. Production is forecast at 15.062 billion bushels, up 43 million from last month’s projection on a record high yield.

Exports are raised for Argentina and the EU but lowered for Bangladesh. For 2020/21, corn exports for Argentina are raised but reduced for Brazil for the local marketing year beginning March 2021.

The projected season-average corn price was unchanged at $5.45 per bushel.

CBOT corn futures reacted to the bullish news, gaining approximately 9 to 10 cents per bushel as of writing.

Soybean production was pegged at 4.42 billion bushels, down 23 million due to lower yields. Prices for soybeans were down 25 cents at $12.10 per bushel. Soybean meal and oil prices are unchanged at $325.00 per short ton and 65.0 cents per pound, respectively.

Urner Barry Releases October Soy & Wheat Report

In the latest WASDE report, the USDA stated that the outlook for 2021/22 U.S. wheat this October is reduced supplies, lower domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks were reduced by 35 million bushels to 580 million, which are the lowest U.S. ending stocks since 2007/08. The projected 2021/22 season-average farm price was raised $0.10/bu to $6.70/bu on reported NASS prices to date and price expectations for the remainder of 2021/22.

Soybean supplies for 2021/22 were projected at 4.7 billion bushels, up 145 million on higher production and beginning stocks. With higher crush and unchanged exports, 2021/22 ending stocks were projected...

Urner Barry Releases September Soy & Wheat Report

According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this September is for reduced supplies and slightly higher domestic use with decreased imports. Projected 2021/22 ending stocks were reduced 12 million bushels to 615 million and are 27% below last year, the lowest in eight years. Also, the projected 2021/22 season-average farm price is lowered $0.10/bu to $6.60/bu on reported NASS prices to date and price expectations for the remainder of the crop season.

Globally, wheat supplies are projected to increase by 7.1 million tons for a total of 1,072.8 million. This increase is due to a combination of larger beginning stocks for Canada, the European Union, and India, with higher production for...

Urner Barry Releases August Soy & Wheat Report 

Within North America, the bulk of soybean production occurs in the plains regions of the Midwest. The top soy producing states are Illinois, Iowa, and Minnesota, respectively. Kansas overwhelmingly leads nationally in all wheat production, followed by North Dakota and Montana.

According to the latest USDA WASDE, the outlook for 2021/22 U.S. wheat this August is for reduced supplies and lower domestic use with unchanged exports and...

Urner Barry Releases July Soy & Wheat Protein Report

Average all-wheat prices increased $0.42/bu from April while average soybean prices increased as well by $0.90/bu. July front month futures decreased from May’s rates. CBOT wheat front month futures reached $6.28/bu in July, a decrease of $0.39 from June. Also, CBOT soybeans totaled...

Urner Barry Releases June Soy & Wheat Protein Report

Average all-wheat prices increased $0.18/bu from March while average soybean prices increased as well by $0.70/bu. June front
month futures decreased from May’s rates. CBOT wheat front month futures reached $6.83/bu in June, a slight decrease of $0.27
from May. Also, CBOT soybeans totaled $15.47/bu in June, representing a decline of $0.25/bu from the month prior...

Urner Barry Releases May Soy & Wheat Protein Report

In March, farmers experienced a decline in prices for their soybean and all-wheat crops. Average all-wheat prices decreased $0.97/bu from February while average soybean prices declined $4.23/bu. May front month futures increased from April’s rates. CBOT wheat front month futures reached...

Urner Barry Releases April Soy & Wheat Protein Report

In February, farmers experienced another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.35/bu from January while average soybean prices rose $1.80/bu. April front month futures are mixed, with a reduction for CBOT wheat from February rates. CBOT wheat front month futures reached $6.15/bu in April, a decline of $0.21/bu from March. Meanwhile, CBOT soybeans remained steady from February rates, totaling...

Urner Barry Releases March Soy & Wheat Protein Report

In January 2021 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.05/bu from December while average soybean prices rose $0.40/bu. March front month futures, have remained fairly steady with a slight reduction for CBOT wheat and slight increased for CBOT soybeans from February rates- preserving strength from diminishing global stocks and increased export pressures. In the February oil crops outlook report, the USDA raised its forecasts of 20/2021 soybean export expectations by...

Urner Barry Releases February Soy & Wheat Protein Report

In December 2020 farmers experienced yet another consecutive month of increased prices for their soybean and all-wheat crops. Average all wheat prices rose $0.19/bu from November while average soybean prices rose a similar $0.20/bu. February front month futures, on the other hand, took a marginal dip from...

Get to Know Players in the Plant Protein Market: Roquette 

In 1933, brothers Germain and Dominique Roquette, identified an industrial need for potato starch in French textile markets. Both grain brokers, the brothers decided to establish a potato starch production plant in Lestrem, France, named Roquette. Little did they know their investment would grow to be a leading global provider of high-quality ingredient solutions spanning the food, nutrition, health, textile, and pharmaceutical markets sourced from across North America, Europe, and Asia.

Approaching a century of longevity, Roquette leads the marketplace with over forty years crafting and nurturing its expertise in providing plant protein solutions in the global food industry. To date, Roquette offers plant proteins sourced from wheat, fava beans, and...

Urner Barry Presents Plant Protein Insights Webinar 

The plant protein sector is developing rapidly around the globe. Innovative and unique offerings enter the market daily under increased pressure for sustainable and nutritious alternative food options. Demand for plant protein ingredients has become an important benchmark for manufacturers, ingredient providers, startups, traditional protein suppliers, and investors interested in this space.

Join Urner Barry on Thursday, January 21, as host Laura Zinger interviews...

Urner Barry Releases January Soy and Wheat Protein Report

Following initially dismal reports on wheat consumption, the USDA recently lifted global wheat consumption estimations by 5.1 million tons to 757.8 million tons based on higher demand for feed in China. Driven by a recovering pork market, China poses a strong demand side pull on...

Urner Barry Releases First Soy and Wheat Protein Report

Demand for Vital Wheat Gluten (VWG), a primarily functional ingredient used to strengthen bakery items, hamburger and hotdog buns, and as a key component in vegetarian seitan, has remained relatively stable. Primarily a byproduct of ethanol production in the generation of European energy, VWG has minimal effect on price and demand dynamics of raw wheat....