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Demand to outstrip grain supply, traders say

Though the USDA released negative numbers Thursday for the grain and soybean markets, sparking a fourth consecutive lower opening, a long-term trend of increasing world consumption provides favorable support for farm markets, analysts say.

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USDA data releases bearish numbers

The USDA released bearish numbers Thursday for corn, soybean, and wheat markets, CME Group grain floor traders say.

Based on the numbers, corn is called 3-5 cents lower, soybeans 7-10 cents lower, and wheat 10-15 cents lower.

"No shockers in this report. The market will trade this report for about five minutes and then the focus is back on the acreage, which we don't know yet," Scott Shellady, XFA trader says.

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Early calls for the commodities

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, March 10, 2011 are subject to the USDA March Supply/Demand Report Thursday to be released at 7:30am CST. 

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July/Nov spreads stay popular

It happens every March. But, this year the popular trade of spreading old-crop contracts against new-crop is heightened, with tight old-crop stocks.

In its February Supply/Demand Report, USDA pegged the U.S. old-crop soybean stocks at 140 million bushels. That is approaching minimum pipeline levels.

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Farmer investment 'welcome' in Brazil

BRASILIA, Brazil (Agriculture.com)--There’s been a misunderstanding in Brazil, individual U.S. farmer investors are welcome, fund investors are not, according to Wagner Rossi, Brazil’s Minister of Agriculture.

This topic has swirled since recent Brazilian government legislation was passed that restricts foreign ownership of agricultural land.

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Brazil's 'ag frontier'

URUCUI, Piaui (Agriculture.com)—It’s the new ‘New Agricultural Frontier’ of Brazil’s Cerrado. In the 1980’s, the state of Mato Grosso was labeled the area of South America with the greatest potential for millions of acres of soybean production. That title has been transferred.

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VIDEO: Business message

As one of a panel of speakers at a winter agricultural marketing meeting recently, it hit me that times have changed. 

In the past, these gatherings were littered with speaker after speaker offering up their perspectives on the direction of the corn, soybean and wheat markets. The attendees walked away with some idea where their crop prices might be six months down the road.

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