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Corn

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Argentina ‘evaluating’ corn export suspension

Move meant to boost domestic food supplies

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Reading Time: 2 minutes Buenos Aires | Reuters — Argentina’s government said on Thursday it would review its decision to temporarily suspend corn exports after a meeting between the farming minister and the leaders of the country’s main agricultural associations. The agriculture ministry said in a statement that agreements had been struck to guarantee the domestic supply of corn […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Barley, wheat prices very likely to increase

Increases seen tied to rising U.S. corn

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Reading Time: < 1 minute MarketsFarm — Two Alberta traders believe strong feed grain prices will continue to push higher over the next week of January, with much of the upswing tied to the rise in corn prices in the U.S. “As corn edges higher, becoming the preferred direct replacement to barley, your barley floor comes up and wheat starts […] Read more
CME March 2021 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle end mixed, feeders firm

Cattle take cues from pause in corn rally

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures closed narrowly mixed on Thursday with the spot February contract drifting lower in rangebound trade, awaiting direction from cash markets, while back months firmed on optimism about the U.S. economy, traders said. Feeder cattle futures rose as prices for corn, the main feed grain for cattle, retreated from […] Read more
CBOT March 2021 soybeans with 20- and 50-day moving averages and March 2021 soybean oil (dark green line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn futures ease off six-year highs

New USDA reports awaited

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more
Soybeans. (Alfribeiro/iStock/Getty Images)
Crops, Reuters

China building world’s largest seed bank

Larger facility a bid to boost food security

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Reading Time: < 1 minute Beijing | Reuters — China will complete a new national crop germplasm bank this year, the agriculture minister said Wednesday, to boost the country’s capacity to develop new crop varieties and enhance food security. The bank has a designed capacity of 1.5 million copies, almost four times the existing one, and will be the world’s […] Read more
File photo of trucks parked in line outside a port during a wage strike at Santa Fe, Argentina on Dec. 21, 2020. (Photo: Reuters/Stringer)
Crops, Markets

CBOT weekly outlook: South American weather, labour issues prop up prices

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Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more
CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn tops US$5 for first time since 2014

'Water deficit' in Argentina draws interest

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said. Wheat futures fell on a lack of fresh supportive news and an upturn in the dollar, which tends to make U.S. grains less competitive globally. […] Read more
CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans set fresh high on supply worries, technical buying

Chicago wheat, corn also close higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder cattle prices digesting uncertainty

Defensive tone likely through January

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Reading Time: 2 minutes The feeder cattle market was very quiet during the last week of December with auction barns in holiday mode. There were discussions regarding direct sales but no actual business was confirmed. The stakes are too high given the market uncertainty; a defensive tone will likely continue throughout January. Feed grains continue to percolate higher; the […] Read more
CBOT March 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy rally extends into 2021

South America soybean supply fears continue; corn ends mixed

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more

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