In this file:

 

·         Allendale expecting tighter U.S. balance sheets

·         China makes first announced U.S. soybean buy in months

 

 

Allendale expecting tighter U.S. balance sheets

 

By John Perkins, Brownfield

January 8, 2021

 

Many market analysts are projecting tighter domestic corn and soybean ending stocks ahead of next Tuesday’s USDA numbers.

 

Demand, especially export demand from China, has been a big feature during the first quarter of the marketing year for soybeans and corn, pulling carryout projections lower over the course of the past several months at a faster rate than almost any other marketing year.

 

Ahead of the report, Allendale Incorporated sees corn ending stocks at 1.434 billion bushels, down more than a quarter million from December and about a half a million lower than where the previous marketing year ended.

 

Allendale estimates soybean ending stocks at 153 million bushels, more than 20 million less than last month and roughly a fifth of last marketing year’s total.

 

More than halfway through its marketing year, Allendale has wheat ending stocks pegged at 852 million bushels, slightly less than the previous month and down 176 million from last marketing year.

 

The USDA will also...

 

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https://brownfieldagnews.com/news/allendale-expecting-tighter-u-s-balance-sheets/

 

 

China makes first announced U.S. soybean buy in months

 

By John Perkins, Brownfield

January 8, 2021

 

The USDA says China bought 204,000 tons of U.S. soybeans for delivery this marketing year.

 

That is the first announced purchase of U.S. beans by China since November 6th.

 

There have been several sales reported as heading to an unknown destination over those two months, which could turn out to be China when it’s time for delivery.

 

The 2020/21 marketing year for soybeans runs from September 1st, 2020 to August 30th, 2021...

 

more

https://brownfieldagnews.com/news/china-makes-first-announced-u-s-soybean-buy-in-months/