Reading Time: < 1 minute MarketsFarm — Adverse weather over the past month cut into the yield prospects for soybeans and corn in the U.S., according to updated estimates released Friday from the U.S. Department of Agriculture. Average soybean yields in the country are now forecast at 51.9 bushels per acre. That was down from the August estimate of 53.3 […] Read more
USDA lowers soy, corn yield expectations
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Reading Time: < 1 minute MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
StatsCan predicts more corn, less soy in 2020 harvest
Fewer acres but higher yields predicted
Reading Time: 2 minutes Statistics Canada’s latest round of expectations for the 2020 harvest calls for more corn and less soy than in 2019, with higher yields offsetting lower planted acres for both crops. In its Production of principal field crops report, using information from July — based on models created using satellite technology — StatsCan on Monday called […] Read more
CBOT weekly outlook: Rain needed across U.S. Midwest
Reading Time: 2 minutes MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more
Storm and drought impacts on Iowa corn seen in crop tour
Reading Time: 2 minutes Chicago | Reuters — A clearer picture of damage to crops in the path of last week’s derecho storm emerged on Wednesday, as crop scouts on an annual tour scrambled across blown-over corn stalks and wind-battered soybean fields in Illinois and Iowa. Iowa officials on Tuesday warned much of the crop in the path of […] Read more
Trump visits Iowa as officials warn storm destroyed corn crops
Reading Time: 2 minutes Cedar Rapids | Reuters — U.S. lawmakers and state officials from Iowa said on Tuesday that much of the state’s corn crop will not be harvested following a fierce windstorm last week, as President Donald Trump visited to review the damage. The destruction from the Aug. 10 derecho storm compounded troubles for a U.S. agricultural […] Read more
Corteva posts weak revenue, disappointing outlook
Reading Time: < 1 minute Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while […] Read more
CBOT weekly outlook: Benign weather keeps corn, soybeans pointed down
Reading Time: < 1 minute MarketsFarm — Good U.S. Midwestern weather should keep the bias to the downside in corn and soybean contracts at the Chicago Board of Trade over the next few weeks, according to an analyst. Corn hit fresh contract lows on Tuesday before showing some recovery Wednesday, but “it’s not looking like it’s hit a bottom just […] Read more
U.S. sells record amount of corn to China as tensions rise
Reading Time: 2 minutes Chicago | Reuters – Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise. The U.S. Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery in the 2020/21 marketing year. That topped the […] Read more
CBOT weekly outlook: Large corn, soybean crops expected
Reading Time: < 1 minute MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more
A message from April Stewart, Country Guide's Associate Editor
