Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures scaled to their highest in a year on Friday as soggy U.S. Midwest field conditions and forecasts for unrelenting rain across the region heightened concerns that farmers may be unable to plant a sizable portion of the crop. Soybeans followed corn higher, also supported by worries about planting […] Read more
U.S. grains: Corn climbs to one-year high as rains stall planting
U.S. grains: Corn sinks as trade aid seen encouraging planting
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped for the first time in nine sessions on Thursday after the U.S. Department of Agriculture (USDA) unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring. Soybeans and wheat also declined as the USDA announced a $14.5 billion direct […] Read more
CBOT weekly outlook: Trade volatile ahead of USDA announcement
Reading Time: 2 minutes MarketsFarm — The Chicago Board of Trade saw “a wild ride of volatility” on Wednesday, following rumours of a U.S. Department of Agriculture farm aid package that could top US$15 billion. The package would include payments of about $2 per bushel for soybeans and four cents per bushel for corn, according to Bloomberg. An official […] Read more
U.S. grains: Soybeans rebound in technical bounce, trade aid details awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session’s drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans. Corn ended firm, although spillover support from higher soy and worries over rain-delayed U.S. planting were […] Read more
U.S. grains: Corn touches one-year high on slow U.S. planting
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed for a seventh session to their highest in a year on Tuesday as rainy weather and soggy fields across the U.S. corn belt stalled spring planting. Wheat also advanced on worries about winter crop damage due to heavy rains and flooding in the southern U.S. Plains. Soybeans […] Read more
Klassen: Feeder market finds support
Reading Time: 2 minutes Compared to last week, western Canadian yearling markets traded steady to $2 lower while calves traded $3 higher to as much as $8 lower. Adverse weather across much of the U.S. Midwest set a negative tone on both sides of the border. U.S. feeder cattle markets were down US$3-$6 from seven days earlier. Corn futures […] Read more
U.S. grains: Corn nears one-year peak as rains stall planting
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower yields for the crop. Wheat jumped to a three-month high on delayed spring wheat planting in the […] Read more
U.S. grains: Corn extends rally, wheat touches six-week high
Reading Time: 3 minutes Chicago | Reuters — U.S. corn futures extended their rally on Friday, jumping to a four-month high, as forecasts of heavy rain sweeping a wide path across the U.S. Midwest next week fuelled concerns about worsening planting delays. Chicago Board of Trade (CBOT) corn prices rose for the fifth session, trading through its 100-day moving […] Read more
U.S. grains: Corn to seven-week high as rain threatens planting
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Thursday for a fourth straight session as dismal weather forecasts signalled further planting delays in the Midwest, prompting commodity funds to cover short positions, analysts said. Chicago wheat futures hit a one-month high, led by corn, and soybeans followed the firm trend. Chicago Board of Trade […] Read more
U.S. grains: Corn ends firm, farmer selling pares gains
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit a six-week high on Wednesday on forecasts for rains in the Midwest crop belt that could signal further planting delays, but the market pared gains as the run-up in prices triggered a round of farmer selling, traders said. Wheat futures also ended nearly flat while soybeans closed […] Read more
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