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CBOT July 2022 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn edges higher as traders eye Midwest weather

Soybean, wheat futures weak

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Thursday, briefly hitting a fresh 10-year high, on forecasts for more showers that will further delay planting in the rain-soaked Midwest, traders said. Soybean futures eased, with traders noting that the slow pace of corn planting could cause an uptick in soybean acres as the calendar […] Read more
CBOT July 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

CBOT weekly outlook: ‘Confluence of events’ keeps corn, soy supported

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Reading Time: < 1 minute MarketsFarm — Corn futures at the Chicago Board of Trade hit fresh contract highs on Wednesday, while soybeans also remain well supported with a number of factors likely to keep the grains and oilseeds underpinned going forward. “It’s never just one thing, a confluence of events have taken us up,” said Sean Lusk of Walsh […] Read more
CBOT July 2022 soyoil (candlesticks, right column) with July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soyoil futures rally to record high

Corn hits highest since August 2012

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Reading Time: 2 minutes Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
CBOT July 2022 corn (candlesticks) with 20- and 100-day moving averages (yellow and dark green lines) and December 2022 corn (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT corn, wheat up on concerns about U.S. crops

Chicago soybean futures fall

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, supported by concerns that adverse weather in key production areas would limit the size of harvests this year, traders said. Soybean futures eased as Brazil’s Anec raised its outlook for the country’s export forecast for the oilseed. Losses were kept in check by […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

U.S. grains: CBOT soyoil futures fall from highs; pull soybeans lower

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Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade soyoil futures fell on Monday, retreating from all-time highs after Indonesia’s agriculture ministry said that crude palm oil shipments would be excluded from a planned palm oil export ban. The weakness in soyoil pressured soybeans and soymeal, which also faced bearish headwinds from a sharp drop in […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Canola, Crops, Markets, Soybeans

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more
CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

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Reading Time: 2 minutes Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend. Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export […] Read more
File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)
Crops, Markets, Reuters

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

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Reading Time: 3 minutes Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more
One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

IGC tweaks old-crop numbers, makes bigger changes in new-crop

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Reading Time: 2 minutes MarketsFarm — There were a few tweaks to the old-crop data in the April supply/demand report from the International Grains Council (IGC) on Thursday — but somewhat more significant numbers for its new-crop projections. For the 2021-22 crop year, the IGC bumped up total global grain production by three million tonnes at 2.287 billion tonnes, […] Read more
CBOT July 2022 wheat (candlesticks) with 20-day moving average (dark green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat retreat from recent highs

Soybean futures edge higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Thursday on disappointing weekly U.S. export sales data and a round of profit-taking after multi-year highs set this week, analysts said. Wheat futures also fell, retreating from recent six-week highs, while soybean futures inched higher, supported by export demand for U.S. supplies and spillover strength from […] Read more

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