Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday and wheat futures slumped to the lowest level in 2 -1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic. Soybeans fell to their lowest point in nine months but later […] Read more
U.S. grains: Corn, wheat tumble as coronavirus rattles investors
Soybeans up off nine-month low on Argentina export news
U.S. grains: Soybeans bounce on chance of Argentina export limits
Coronavirus fears remain anchor on commodities prices
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and […] Read more
Argentina ag ministry suspends registration of exports
Reading Time: < 1 minute Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary […] Read more
Chickpea market steady, waits for next wave of demand
Reading Time: 2 minutes MarketsFarm — Demand for chickpeas often comes in waves, with the market currently in a lull waiting for the next swell. The last demand cycle came in early January, and the market has lacked “any kind of enthusiasm” over the past month, according to Colin Young of Midwest Grain at Moose Jaw. Within every pricing […] Read more
Bunge profit tops estimates on South American results
Reading Time: 2 minutes Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and demand for Bunge’s food and […] Read more
Favourable growing conditions forecast for major ag regions
Reading Time: 2 minutes MarketsFarm — Canadian producers looking for challenging growing conditions elsewhere in the world to prop up commodity prices may be disappointed during the 2020 growing season. South America “If you’re looking for any help from South America for your canola or soybeans or corn, you’d better look somewhere else,” Drew Lerner, president of World Weather […] Read more
U.S. grains: Wheat up, corn and soy down awaiting USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped on Thursday in a rebound from the market’s recent slide and soybeans and corn eased as investors squared positions ahead of an eagerly awaited U.S. Department of Agriculture (USDA) supply-and-demand report due on Friday. Rising global prices and forecasts for reduced U.S. plantings this season gave wheat […] Read more
Argentine soybeans facing tax increases
Reading Time: 2 minutes MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more
U.S. grains: Soybeans, corn rise as traders adjust positions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures ticked higher on Friday as traders adjusted positions ahead of the year-end holidays. Lingering uncertainty over demand prospects created by a U.S.-China trade deal hung over the markets. Crop prices increased after Washington and Beijing last week struck a ‘Phase One’ trade deal that includes a […] Read more
U.S. grains: Soy futures ease on rains in South American forecasts
Reading Time: 2 minutes Reuters — U.S. soybean futures edged lower on Thursday, retreating from a five-week high touched earlier this week as traders expected rains to benefit rival suppliers in South America. Favourable crop weather could boost production in Argentina and Brazil, increasing global supplies and competition for export sales to buyers like China. Rains will ease dry […] Read more
A message from April Stewart, Country Guide's Associate Editor
