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Crops, Markets, Reuters

U.S. grains: Wheat slips on bumper harvest, soy up on exports

Corn inches up on technical trading, weather questions

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures slid again on Thursday, dropping to their lowest in more than eight months amid a bumper U.S. harvest and well-timed European rains. Soybeans and corn edged higher, on technical trading and signs weather may not be so crop-friendly across the U.S. Corn Belt in coming days. The most-active […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans gain on China demand

Improved U.S. rating lifts expectations for bumper corn crop; wheat up on pre-report positioning

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Wednesday, supported by solid demand from the world’s biggest importer, China, while corn edged lower on strong crop conditions. Wheat inched higher after falling for three consecutive sessions, but advances remained capped by a progressing winter wheat harvest in the U.S. southern Plains. Traders positioned ahead […] Read more
Livestock, Markets, Reuters

U.S. livestock: Hogs weaken on expectations for abundant supplies

Cattle futures seen as rangebound

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Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell on Wednesday on expectations for abundant pork supplies as meat processors work their way through pigs that backed up on farms when slaughterhouses shut due to the coronavirus pandemic. Traders expect meat packers to start eating into the backlog of hogs within the next two weeks […] Read more
Corn, Crops, Markets

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

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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
Crops, Markets, Reuters

U.S. grains: Soy rises on stronger Brazilian currency

Wheat pressured by rain relief across Europe, export lull

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as plans to ease lockdown measures and a move by U.S. President Donald Trump to keep meat factories open tempered fears about demand destruction caused by the coronavirus epidemic. Wheat futures slid, hitting a one-month low as rains in Europe and the Black […] Read more
Crops, Markets

Burnett on Markets: Global grain stocks offer false sense of food security

In event of production shortfall, 60 per cent of available stocks would never be available to market

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Reading Time: 2 minutes The economic parallels from the COVID-19 epidemic are quickly changing from comparisons to the recent financial crisis in 2008-09 to the Great Depression. My parents and grandparents lived through the Depression and it did have many impacts on their everyday lives. The main symbol of the Depression-era mentality was the two enormous chest freezers in […] Read more
Crops, Markets

CBOT weekly outlook: Poor ethanol demand weighing on corn

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Reading Time: 1 minute MarketsFarm — Losses in crude oil and ethanol have weighed heavily on grain and oilseed markets, with Chicago Board of Trade corn falling to fresh contract lows Wednesday. General uncertainty over COVID-19 is expected to keep a bearish tone in the market. “The big thing has been the overall slowdown in ethanol production,” said Tom […] Read more
Livestock, Markets, Reuters

JBS sees steady trade flows but flags export woes

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Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
Crops, Markets, Reuters

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more

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