AgRural estimates that 10% of Brazil's 2024 safrinha corn has been harvested as of June 10. According to the latest crop progress report, 95% of corn has been planted, with 85% emerged, and 74% rated good/excellent. Soybeans have seen 87% planted and 70% emerged, with a good/excellent rating of 72%. Wheat is 89% headed and 12% harvested, with 47% rated good/excellent. Paraguay's soybean exports are increasing as prices rebound, despite earlier delays due to low river levels and weak prices, according to Reuters. The USDA report on June 12 shows Brazil's corn production at 122 million metric tons and Argentina's at 53 million metric tons. Brazil's soybean production is estimated at 153 million metric tons, while Argentina's is at 50 million metric tons. World ending stocks for the 2024/25 season are projected at 310.77 million metric tons for corn, 127.90 million metric tons for soybeans, and 252.27 million metric tons for wheat. The WASDE report indicates that US corn ending stocks are 2.102 billion bushels, soybeans at 455 million bushels, and wheat at 758 million bushels, with most figures unchanged from previous estimates.
USDA REPORT 🚨 All South America numbers unchanged from last month aside from Brazil beans. Despite estimates calling for lower crops.. 🌽 Brazil: 122 vs 120.95 est 🌽 Argy: 53 vs 50.87 est 🌱 Brazil: 153 vs 151.8 est (154 last month) 🌱 Argy: 50 vs 49.83 est Get our full…
24/25 World Ending Stocks MMT #Corn 🌽 310.77 v 312.27 #Soybeans 🌱 127.90 v 128.50 #Wheat 🌾 252.27 v 253.61
Jun WASDE Ests Ending Stks (M/bu) #Corn 2.102 unch #Soybeans 0.455 v 0.445 #Wheat 0.758 v 0.766
Jun 2024 WASDE Est: Exports (M/bu) #Corn 2.200 unch #Soybeans 1.825 unch #Wheat 1.124 unch
#OATT | US #WASDE Corn End Stocks Jun: 2102M (est 2101M; prev 2102M) - Soybean End Stocks: 455M (est 460M; prev 445M) - Total Wheat End Stocks: 758M (est 780M; prev 766M) https://t.co/rXtfcst3pi https://t.co/eT3ygooYoj
Closing vol-run N-16.7% Q-19.0% U-19.9% X-19.2% F-18.1% H-17.1% K-16.3% #soybeans #corn N-23.8% #wheat N-32.6%
🔵 EXCLUSIVE-PARAGUAY SOY EXPORTS PICK UP PACE AS PRICES BOUNCE, DATA SHOW Full Story → https://t.co/Sr2RSmV8DI Paraguay's exports of its soybean crop, delayed by low river levels and weak prices earlier in the year, are gaining momentum, shipment data shared with Reuters… https://t.co/OgaSPRmPk4
Crop Progress 6/10/2024 #Corn 🌽 Planted 95% v 5yr 95% Emerged 85% v 5yr 84% G/E 74%, -1% v LW #Soybeans 🌱 Planted 87% v 5yr 84% Emerged 70% v 5yr 66% G/E 72% v 59% LY #Wheat 🌾 Winter Headed 89% v 5yr 86% Winter Harvested 12% v 5yr 6% Winter G/E 47%, -2% v LW Spring Planted…
Closing vol-run N-17.1% Q-19.3% U-20.2% X-19.4% F-18.2% H-17.2% K-16.3% #soybeans #corn N-23.4% #wheat N-31.8%
AgRural est 2024 Brazil safrinha corn 10% harvested. #Brazil 🌽