Daily Network News

More News →

Corn

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns

Traders adjust positions on last day of month

By
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf Coast, which accounts for about […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Stronger live cattle futures lift yearling market

Recent rains rejuvenate Prairie pastures

By
Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were quoted $3 to as much as $6 higher; calf markets once again traded $3-$5 on either side of unchanged depending on the region. Unbridled buying interest was noted on larger groups of high-quality yearlings. Despite the grass conditions this summer, cattle characteristics are rated above average […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Prices down on rains, Ida shuts grain facilities

Iowa, Minnesota crops benefit from rain; Cargill says Ida damaged Louisiana terminal

By
Reading Time: 2 minutes Chicago | Reuters — Favourable rains in the U.S. Farm Belt combined with approaching harvests to push down Chicago Board of Trade grain and soybean futures on Monday, analysts said. Traders, meanwhile, assessed disruptions to U.S. crop exports from Hurricane Ida at a time when global supplies are tight and demand from China is strong. […] Read more
Farmer and Grainews columnist Toban Dyck inspects wheat on July 6, 2021 near Winkler, Man., where hot and dry weather has led to thin, uneven stands. (Photo: Reuters/Rod Nickel)
Crops, Markets, Weather

StatsCan confirms Canada’s crop production down in 2021

Corn expected to be lone exception

By
Reading Time: 2 minutes MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more
CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease as Midwest’s rains seen boosting crop

CBOT December corn up, wheat down

By
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a second straight session on Friday as rains were seen boosting harvest prospects in some dry areas of the Midwest farm belt. Wheat futures fell on profit-taking and spillover pressure from lower soybeans, although concerns about global supplies limited declines. Corn was lower much of the […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Ag department lowers crop production, export estimates

Expectations knocked down for most major Prairie crops

By
Reading Time: 2 minutes MarketsFarm — Canadian crop production will be down significantly in the 2021-22 marketing year, cutting into exports for all of the country’s major grains, oilseeds and pulse crops. That’s the estimation from the latest supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Thursday. Total field crop production for all crops is forecast to decrease […] Read more
(ThamKC/iStock/Getty Images)
Crops, Reuters

U.S. EPA recommends lowering 2020 biofuel mandates retroactively

Agency not confirming or denying sources' statements

By ,
Reading Time: 2 minutes Reuters — The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to comply with the […] Read more
Barley south of Ethelton, Sask. in early August 2017. (File photo by Dave Bedard)
Barley, Crops, Markets

Feed weekly outlook: No surprises in latest barley numbers

By
Reading Time: 2 minutes MarketsFarm — Following the release of monthly supply and demand estimates from Agriculture and Agri-Food Canada (AAFC) Thursday, Brandon Motz of CorNine Commodities at Lacombe, Alta. wasn’t surprised at how low the numbers dropped, particularly for barley. Motz commented the harvest hasn’t been as good as initially thought, noting the AAFC report confirmed the situation […] Read more
CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy fall as Midwest rains benefit crops

Tight global wheat supplies could boost U.S. exports

By
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures ended lower on Thursday, as beneficial rainfall across the U.S. Midwest added pressure to soybean markets, while export sales capped losses. Wheat found technical support, underpinned by tight global supply concerns. Chicago Board of Trade most-active corn fell one cent to $5.50-3/4 a bushel, while nearby […] Read more
CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and black lines). (Barchart)
Crops, Markets, Weather

CBOT weekly outlook: Factors worth watching

Oats showing recent strength

By
Reading Time: 2 minutes MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the […] Read more

Latest Market News

More Market News →