Usda day !

[beaverdam]

"Was yesterday's pressure in the grain markets due to a leak of the data?"

https://www.barchart.com/story/news/1416843/usda-day https://www.barchart.com/story/news/1416843/usda-day

from link; "We were expecting grain markets to relatively mute ahead of the report, but that was not the case. As mentioned in the corn section above, there was a big drop in several commodity prices that could have been tied to a highly leveraged fund blowing up, Archegos Capital Management. It is being reported that this was several billion dollars in losses across a wide variety of markets. All eyes are on today’s USDA report, out at 11:00 AM"

Link also contains a table with prior USDA estimates and trade estimates for stocks and for planting intentions.

[beaverdam]

Prospective Plantings

https://release.nass.usda.gov/reports/pspl0321.txt https://release.nass.usda.gov/reports/pspl0321.txt


Grain Stocks

https://release.nass.usda.gov/reports/grst0321.txt https://release.nass.usda.gov/reports/grst0321.txt

[Partners]

Everything up now..
Go wheat...

[AlbertaFarmer5]

Too bad there isn't a Canadian agricultural commodity marketing forum where Small details such as today's report would warrant a discussion.
Now back to your regularly scheduled COVID Trump and CO2.

[jazz]

These fogging marketing retards. I just got a marketing blast from Viterra 2 weeks ago saying durum stocks were plentiful.


Durum wheat stocks in all positions on March 1, 2021 totaled 42.7 million
bushels, down 17 percent from a year ago. On-farm stocks, at 22.6 million
bushels, are down 4 percent from March 1, 2020. Off-farm stocks totaled
20.1 million bushels, down 28 percent from a year ago. The
December 2020 - February 2021 indicated disappearance of 18.9 million bushels
is 46 percent above the same period a year earlier.

[farming101]

Wow....Do Not Adjust Your Set......
It seems the report wasn't leaked after all....

[fjlip]

Leaked for some to buy LOW, sell today or in future.
US markets limit up, how finishes indicates tomorrow's limits.

[Guest]

Everything up now..
Go wheat...

We may do ok yet !

[checking]

Not so sure. U tube market report a few days back indicated that if USDA was a positive report that there was a $1.00/ bushel increase for soybeans expected.

Feb. report was reported as a likely leak considering the active trade just prior to release from what I recall.

[fjlip]

So there are 50,000 bu bins full?

[Goodtime]

Still trying to shake everything they can out of the bins.

[farming101]

Expanded limits tomorrow in corn, beans and canola

[beaverdam]

These fogging marketing retards. I just got a marketing blast from Viterra 2 weeks ago saying durum stocks were plentiful.


Durum wheat stocks in all positions on March 1, 2021 totaled 42.7 million
bushels, down 17 percent from a year ago. On-farm stocks, at 22.6 million
bushels, are down 4 percent from March 1, 2020. Off-farm stocks totaled
20.1 million bushels, down 28 percent from a year ago. The
December 2020 - February 2021 indicated disappearance of 18.9 million bushels
is 46 percent above the same period a year earlier.

How many tonnes do you suppose "they" were able to pry from farmers hands??? especially with the downward push the last couple days.

It's a rhetorical question,,, no need to answer. It applies to the most NA grains, not just durum.

[beaverdam]

re Wheat; https://www.barchart.com/story/news/1419228/planting-intentions-for-33121 https://www.barchart.com/story/news/1419228/planting-intentions-for-33121

"All wheat planted area for 2021 is estimated at 46.4 million acres, up 5 percent from 2020. This represents the fourth lowest all wheat planted area since records began in 1919. The 2021 winter wheat planted area, at 33.1 million acres, is up 9 percent from last year and up 3 percent from the previous estimate. Of this total, about 23.2 million acres are Hard Red Winter, 6.42 million acres are Soft Red Winter, and 3.48 million acres are White Winter. Area expected to be planted to other spring wheat for 2021 is estimated at 11.7 million acres, down 4 percent from 2020. Of this total, about 10.9 million acres are Hard Red Spring wheat. Durum planted area for 2021 is expected to total 1.54 million acres, down 9 percent from the previous year."

[Old Cowzilla]

I think we just had a record dry spell for the month of March here in Manitoba if not close. You would think that might draw the attention of a few grain traders. I guess the wheat must of leaked out of those old wooden bins just like the canola and corn! Dam squirrels anyways !