Reading Time: < 1 minute Chicago/Reuters – ICE Canada canola futures climbed on Wednesday for a third straight session, buoyed by a lack of moisture in parts of the Canadian Prairies and spillover strength from U.S. soyoil values, traders said. November canola rose $5.50 to settle at $511.20 per tonne, and January canola ended up $5.40 at $516.50. Chicago Board […] Read more
ICE Canada canola futures climb for third straight day
U.S. grains: Corn, wheat, soy firm ahead of USDA monthly reports
Reading Time: 2 minutes Chicago/Reuters – U.S. wheat, corn and soybean futures were modestly higher on Wednesday as traders awaited key supply/demand reports due from the U.S. Department of Agriculture on Thursday. The reports will include the USDA’s first assessments of the 2017 U.S. corn and soybean crops based on field surveys, and analysts expect the government to lower […] Read more
U.S. grains: Soybeans firm on U.S. weather worries; corn, wheat lower
Reading Time: 2 minutes Chicago/Reuters – U.S. soybean futures rose on Tuesday, buoyed by worries about dry weather in parts of the U.S. Midwest and reminders of strong export demand from China, traders said. Corn futures fell, losing ground to soybeans on intermarket spreads, while wheat sagged on technical buying and sluggish export prospects. As of 1:01 p.m. CDT […] Read more
U.S. grains: Soybeans fall to 1-month low as weather boosts prospects
Reading Time: 2 minutes Chicago/Reuters – U.S. soybean futures dipped to a one-month low on Thursday as beneficial rains crossed the Midwest crop belt, bolstering yield prospects for the oilseed crop, traders said. Corn followed soybeans downward, but pared losses as analysts mulled private corn yield estimates that fell below the U.S. Department of Agriculture’s (USDA) forecasts. Wheat hit […] Read more
U.S. grains: Corn, soy firm on bargain-buying after one-month lows
Reading Time: 2 minutes Chicago/Reuters – U.S. corn and soybean futures firmed on Wednesday, rebounding from one-month lows set in both commodities a day earlier, but outlooks for improved weather for U.S. crops continued to keep prices in check. Chicago Board of Trade wheat futures fell, retreating from early advances on technical selling and easing global supply concerns. As […] Read more
U.S. grains: Soy slides as crop ratings, weather boost supply prospects
Reading Time: 2 minutes Chicago / Reuters – U.S. soybean futures fell more than 3 percent on Tuesday after an unexpected improvement in the condition of U.S. crops eased concerns that recent hot weather would hurt yields. Corn and wheat futures followed soybeans lower. As of 12:11 p.m. CDT (1711 GMT), Chicago Board of Trade November soybean futures were […] Read more
Drought hits parts of North Dakota spring wheat prospects
Reading Time: 2 minutes Minot / Reuters – Spring wheat crops in central and northwestern North Dakota were showing the effects of hot, dry conditions and yield prospects were down sharply from a year ago, scouts on an annual crop tour said Wednesday. “The early-planted stuff looks the toughest,” said Dave Green, executive vice president of the Wheat Quality […] Read more
Global buyers of quality wheat face disappointment in Canada
Reading Time: 3 minutes Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more
U.S. grains: Corn falls four per cent after USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell four per cent on Wednesday after the U.S. Department of Agriculture raised its U.S. old- and new-crop corn ending stocks forecasts more than most analysts expected. Wheat and soybeans followed corn lower, with rains in Iowa and Illinois this week adding pressure. Chicago Board of Trade September […] Read more
U.S. grains: Soybeans set four-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a four-month high Tuesday on worries about stressful crop weather in the Midwest and as traders squared positions one day ahead of monthly reports from the U.S. Department of Agriculture. Corn futures ended fractionally lower on profit-taking after a one-year high, while wheat ended higher after a […] Read more
A message from April Stewart, Country Guide's Associate Editor
