Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk […] Read more
CBOT weekly outlook: Weather the key for soybeans, corn
Green Plains sues ADM, alleging ethanol market manipulation
Reading Time: < 1 minute Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, sued Archer Daniels Midland on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska, […] Read more
CBOT weekly outlook: Trade looks to weather for support
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
U.S. farming body, Zambian firm partner aim to boost crop yields
Country rebuilding drought-battered ag sector
Reading Time: < 1 minute Lusaka | Reuters — A U.S. non-profit organization has launched a US$40 million joint venture with one of Zambia’s top farm suppliers to boost crop yields and food security as farmers struggle to access finance amid the COVID-19 pandemic, the local company said on Sunday. The chairman of African Green Resources (AGR), Zuneid Yousuf, said […] Read more
Feed weekly outlook: Cheaper corn to temper rising barley bids
Lack of farmer selling a factor in bids
Reading Time: < 1 minute MarketsFarm — Rising feed barley prices in Western Canada may be nearing their upper limit, as end users look to add more cheaper corn to their rations. “The higher that barley and wheat get, the more attractive corn gets,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. “If barley and wheat go any higher, we’ll […] Read more
CBOT weekly outlook: Crop commodities rangebound
Reading Time: < 1 minute MarketsFarm — Favourable growing conditions across most of the U.S. — and a good start to the growing season — have kept commodity prices on the Chicago Board of Trade locked in a sideways range. In the crop progress report released Tuesday from the U.S. Department of Agriculture (USDA), the U.S. corn crop was approximately […] Read more
CBOT weekly outlook: Ag commodities steady
Slack demand for biofuel has dragged on corn
Reading Time: < 1 minute MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more
Soybean and corn disease threats in Eastern Canada
Growers will need to use all their experience, best management practices and new tools to successfully combat disease in 2020
Reading Time: 4 minutes Another crop season is upon us and certain disease threats stand out in soybeans and corn in Eastern Canada. “SDS (sudden death syndrome) is expected to worsen in southwestern Ontario soybeans and root rot could be a serious concern this year if the conditions at planting time are wet,” notes Dr. Owen Wally, research scientist […] Read more
CBOT weekly outlook: Corn could move below $3, analyst says
Reading Time: 2 minutes MarketsFarm — Corn futures at the Chicago Board of Trade have lost considerable ground over the past few months, but could move lower still if a weather premium fails to develop over the summer, according to an analyst. The most active July corn contract has lost 20 per cent of its value since the beginning […] Read more
CBOT weekly outlook: Crude volatility holds down corn, soy
Reading Time: 2 minutes MarketsFarm — Hit by an unprecedented crash in North American crude oil prices, particularly this week, corn and soybeans have struggled at the Chicago Board of Trade, according to Terry Reilly of Futures International. As the May contract for West Texas Intermediate (WTI) wrapped up earlier this week, it crashed so badly its price turned […] Read more
A message from April Stewart, Country Guide's Associate Editor
