Tidbits, Corn Market, Canada Stocks, US-UK Deal, Export Sales 5/9/25
- Wright team
- 4 days ago
- 4 min read
Highlights
The highly respected London Stock Exchange Group (LSEG, which bought Refinitiv, formerly the Financial and Risk business of Thomson Reuters) predicts U.S. corn acres at 94.3 million (USDA 95.3).
Stats Canada reported corn for grain stocks as of 31 March 2025, were down 13% from a year ago at 7.197 million mt.
Yesterday morning, the USDA announced the sale of:
40,000 mts of old crop corn and 165,000 mts of new crop corn to Mexico
115,000 mts of old crop corn to unknown and
225,000 mts of new crop soybeans to Pakistan (the first one in 3 years)
The corn market absorbed quite a bit of friendly demand news this week plus the new crop corn carryout, which the market expects for Monday’s 2025-26 USDA S&D at a 47 day supply, that is less than the market expected four weeks ago at 56 day supply, yet July corn has lost 26¢ since 1 May. Yes, planting progress is great in the Western Corn Belt, but it is terribly dry in Nebraska and terribly wet in much of Indiana and most of Ohio.
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