Forums
New posts
Forum list
Search forums
What's new
New posts
New resources
Latest activity
Trending Threads
Resources
Latest reviews
Search resources
FarmTV
Farm Compare
Search
Tokens/Searches
Calendar
Upcoming Events
Members
Registered members
Current visitors
New Resources
New posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Forum list
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More options
Contact us
Close Menu
Forums
Arable Farming
Arable Market Commentary
US weather watching
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="AHDB Cereals and Oilseeds" data-source="post: 8085357" data-attributes="member: 142623"><p>The outlook for the <a href="https://ahdb.org.uk/news/analyst-insight-why-us-maize-data-matters?" target="_blank">2022/23 maize supply looks to depend on how much is planted in Ukraine and the US, as two key global exporters</a>. Plantings are due to begin this month (April) for both countries, and so the market will eagerly await insight into planting progress.</p><p></p><h3>Rain in the eastern maize belt</h3><p>Rain is forecasted to fall across the eastern US maize belt in the next few weeks.</p><p></p><p><img src="https://projectblue.blob.core.windows.net/media/Default/Market%20Intelligence/cereals-oilseeds/Grain%20Market%20Daily/2022/04.%20April/12%2004%202022/Figure%201%2012%2004%202022.PNG" alt="Figure showing rain due in US eastern maize belt" class="fr-fic fr-dii fr-draggable " style="" /></p><p>As at 10 April, 2% of the US maize area had been planted according to the USDA crop progress report out last night. This is 2 percentage points (pp) behind this time last year and 1pp behind the 5-year average (2017 to 2021).</p><p></p><p>Why does rain matter? Well, April brings the start of maize planting, and rain could delay this. Not something to worry about now, but something to watch. This is especially important, given the US prospective planting survey results show the <a href="https://ahdb.org.uk/news/maize-a-floor-to-uk-new-crop-grain-markets-grain-market-daily?" target="_blank">maize area will be smaller this year, in favour of area for soyabeans</a>. All crop that goes in the ground will be important to global maize availability.</p><p></p><p>On the flip side<a href="https://ahdb.org.uk/news/russian-export-curbs-supporting-prices-grain-market-daily?" target="_blank">, US southern Great Plains winter wheat could do with rain to ease the drought conditions</a>. Therefore, where the rain falls across the US will be key in the next few weeks.</p><p></p><h3>Why is this important?</h3><p>The global grain supply and demand balance remains tight heading into next season, especially with the war ongoing between Russia and Ukraine.</p><p></p><p>In Ukraine, maize is expected to lose out to other crops like buckwheat, barley, oats, peas, and millet this year. This is down to a large proportion of the typical maize area being in active hostile regions, with the crop needing a significant amount of fuel and inputs (UkrAgroConsult). Maize production in Ukraine for 2022/23 has been forecast at 19.0Mt by UkrAgroConsult. If realised, this will be the smallest output since 2012.</p><p></p><p>With a cut in Ukrainian production, US maize plantings will be key to global maize availability next season. If we see strong maize prices because of tight supply, it will likely provide a floor for the wider global feed grain complex.</p><p></p><p><strong>Today's Grain Market Daily on the AHDB website - </strong><a href="https://ahdb.org.uk/news/us-weather-watching-grain-market-daily" target="_blank"><strong>US weather watching</strong></a></p><p></p><p>For information on price direction make sure to <a href="https://ahdb.org.uk/keeping-in-touch" target="_blank">subscribe to Grain Market Daily and Market Report</a> from our team.</p></blockquote><p></p>
[QUOTE="AHDB Cereals and Oilseeds, post: 8085357, member: 142623"] The outlook for the [URL='https://ahdb.org.uk/news/analyst-insight-why-us-maize-data-matters?']2022/23 maize supply looks to depend on how much is planted in Ukraine and the US, as two key global exporters[/URL]. Plantings are due to begin this month (April) for both countries, and so the market will eagerly await insight into planting progress. [HEADING=2]Rain in the eastern maize belt[/HEADING] Rain is forecasted to fall across the eastern US maize belt in the next few weeks. [IMG alt="Figure showing rain due in US eastern maize belt"]https://projectblue.blob.core.windows.net/media/Default/Market%20Intelligence/cereals-oilseeds/Grain%20Market%20Daily/2022/04.%20April/12%2004%202022/Figure%201%2012%2004%202022.PNG[/IMG] As at 10 April, 2% of the US maize area had been planted according to the USDA crop progress report out last night. This is 2 percentage points (pp) behind this time last year and 1pp behind the 5-year average (2017 to 2021). Why does rain matter? Well, April brings the start of maize planting, and rain could delay this. Not something to worry about now, but something to watch. This is especially important, given the US prospective planting survey results show the [URL='https://ahdb.org.uk/news/maize-a-floor-to-uk-new-crop-grain-markets-grain-market-daily?']maize area will be smaller this year, in favour of area for soyabeans[/URL]. All crop that goes in the ground will be important to global maize availability. On the flip side[URL='https://ahdb.org.uk/news/russian-export-curbs-supporting-prices-grain-market-daily?'], US southern Great Plains winter wheat could do with rain to ease the drought conditions[/URL]. Therefore, where the rain falls across the US will be key in the next few weeks. [HEADING=2]Why is this important?[/HEADING] The global grain supply and demand balance remains tight heading into next season, especially with the war ongoing between Russia and Ukraine. In Ukraine, maize is expected to lose out to other crops like buckwheat, barley, oats, peas, and millet this year. This is down to a large proportion of the typical maize area being in active hostile regions, with the crop needing a significant amount of fuel and inputs (UkrAgroConsult). Maize production in Ukraine for 2022/23 has been forecast at 19.0Mt by UkrAgroConsult. If realised, this will be the smallest output since 2012. With a cut in Ukrainian production, US maize plantings will be key to global maize availability next season. If we see strong maize prices because of tight supply, it will likely provide a floor for the wider global feed grain complex. [B]Today's Grain Market Daily on the AHDB website - [/B][URL='https://ahdb.org.uk/news/us-weather-watching-grain-market-daily'][B]US weather watching[/B][/URL] For information on price direction make sure to [URL='https://ahdb.org.uk/keeping-in-touch']subscribe to Grain Market Daily and Market Report[/URL] from our team. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Arable Farming
Arable Market Commentary
US weather watching
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top