Corn price in Chicago, Wednesday, October 5
For its part, corn rose 0.1% or $0.39 and positioned himself in u$s269.28 per ton, as a result of the fact that the market considers that “the US supply will be very tight in the 2022/2023 campaign in relation to demand, especially after the quarterly stock report published by the United States Department of Agriculture (USDA ), indicated the runner Granar.
Wheat price in Chicago, Wednesday, October 5
The wheat fell 0.1% either u$s0.37 and positioned himself in u$s331.43 the ton, although the more distant positions concluded the session higher.
Super dollar, Wednesday, October 5
The dollar index rallied, making US grains less attractive globally.
The US corn and soybean harvest advanced under clear skies across much of the Midwest this week, adding seasonal pressure to markets as traders await more information on harvested yields.
StoneX commodity brokerage raised its estimate for the median U.S. corn yield to 173.9 bushels per acre (bpa), from 173.2 previously, but lowered its estimate for corn production to 14.056 million bushels, from 14.168 million in the month past.
For soybeans, StoneX downgraded its 2022 US yield forecast to 51.3 bopa from the 1 September reading of 51.8. The company forecast US soybean production at 4.442 million bushels, down from 4.515 million previously.
The US Department of Agriculture is scheduled to release updated crop estimates on October 12.
Source: Ambito
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