Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)

USDA attache to Canada predicts larger wheat crop

Reading Time: < 1 minute MarketsFarm — A new report from the Ottawa-based attache to the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has raised its estimate of total wheat production in Canada for 2019. The report Thursday from attache Phil Hayes increases FAS’s estimate of wheat production in Canada for 2019 to 32.65 million tonnes, compared to last […] Read more




CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures break losing streak

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more


CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybean futures fall

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more



CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn plunges most in three years on crop estimate surprises

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell nearly six per cent on Monday, their biggest drop in more than three years, after the U.S. Department of Agriculture forecast a bigger-than-expected harvest. USDA forecast the 2019-20 corn crop at 13.901 billion bushels, above the 13.875 billion bushels expected in July. A Reuters poll of analysts […] Read more

The post-WASDE chart: CBOT September 2019 corn (black), soybeans (yellow) and wheat (orange) and K.C. September 2019 wheat (orange). (Barchart)

USDA’s August WASDE report hits commodity markets hard

Reading Time: 2 minutes MarketsFarm — With markets largely rangebound since the end of June, the U.S. Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 cents per bushel for the September and December contracts on the […] Read more