Reading Time: 2 minutes MarketsFarm — For Steve Georgy, the events of this week have left him somewhat gobsmacked. The president of Allendale Inc. at McHenry, Ill. said he didn’t completely buy the numbers in the August supply and demand report issued Monday by the U.S. Department of Agriculture (USDA). And Georgy has been wondering why the U.S. “punted” […] Read more
CBOT weekly outlook: Corn estimates, U.S./China talks befuddle
U.S. grains: Corn, soybean futures fall
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more
U.S. grains: Corn futures extend losses after USDA harvest view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sank for the second day in row on Tuesday, dropping 4.1 per cent to a three-month low as the U.S. Agriculture Department’s unexpected boost to its U.S. production forecast continued to weigh heavily on the market, traders said. Soybean futures made up most of the […] Read more
U.S. grains: Corn plunges most in three years on crop estimate surprises
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell nearly six per cent on Monday, their biggest drop in more than three years, after the U.S. Department of Agriculture forecast a bigger-than-expected harvest. USDA forecast the 2019-20 corn crop at 13.901 billion bushels, above the 13.875 billion bushels expected in July. A Reuters poll of analysts […] Read more
Funds add to canola short position in early August
Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the first week of the new crop year, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in at 69,062 on Tuesday (Aug. 6), […] Read more
U.S. grains: Soy, corn close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. grains: Futures inch up after choppy trading day
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more
CBOT weekly outlook: Market bearish ahead of WASDE
Reading Time: < 1 minute MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
U.S. grains: Corn, soybeans ease on Midwest rains, trade worries
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures eased on Tuesday as better-than-expected rain in parts of the Midwest and forecasts for more showers lessened concerns about further yield losses in dry areas of the farm belt. Wheat futures declined as pressure from an advancing U.S. harvest and a firmer U.S. dollar dragged down […] Read more
U.S. grains: Corn futures rally on weather concerns
Reading Time: 2 minutes Chicago | Reuters — Volatility roiled the commodity grain futures markets on Monday, as uncertainty in the U.S. weather forecast supported corn and the growing tensions in the U.S.-China trade war weighed on soybeans. Wheat futures ended the day up on technical buying, traders said. China’s commerce ministry said that Chinese companies have stopped buying […] Read more
A message from April Stewart, Country Guide's Associate Editor
