Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sagged 2.6 per cent to its lowest since September 2019, with a plunging crude oil market slashing demand for ethanol, traders said. Soybean futures also were lower, hitting a one-month low on pressure from cratering demand for energy amid the coronavirus pandemic. “Anything that had […] Read more
U.S. grains: Corn sinks to lowest since 2009 as crude oil turns negative
Russian export curbs support CBOT wheat
U.S. grains: Chicago wheat stabilizes
Corn steady after lows; soybeans continue to slip
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose on Friday, as traders wrestled with conflicting signals — from concerns over export demand of U.S. crops to the potential of weather risks. Corn futures edged higher on bargain shopping, consolidating above a 3-1/2 year low this week, while soybeans fell slightly, traders said. The modest gains […] Read more
ICE weekly outlook: Loonie’s rally kept canola lower
CBOT soymeal, soyoil also drag on canola
Reading Time: < 1 minute MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more
CBOT weekly outlook: Poor ethanol demand weighing on corn
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
U.S. grains: Soybeans drop as livestock markets drag soymeal lower
Wheat eases on global supply; corn unfazed by crude oil deal
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell more than one per cent on Monday in the market’s steepest drop in 1-1/2 weeks, as livestock processing plant closures that impact feed supply weighed on soymeal prices. Corn also sagged despite optimistic news that OPEC might curb oil production, after a deal was signed over the […] Read more
CBOT weekly outlook: Corn values stabilize
Reading Time: < 1 minute MarketsFarm — The April world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture didn’t hold much sway over corn on the Chicago Board of Trade (CBOT) on Thursday. Corn ending stocks for the U.S. were pegged at 53.15 million tonnes, about five million tonnes higher than the previous month’s report. However, […] Read more
U.S. grains: Corn rally sputters, wheat slides on growing conditions
Soybeans up, eyes on South American crop
Reading Time: 2 minutes Chicago | Reuters — A rally in Chicago corn futures on Tuesday that was buoyed by a run-up in the energy market sputtered by day’s end as crude oil prices slipped. May corn futures climbed nearly two per cent in mid-day trading, but cut gains in half as crude oil prices closed down for a […] Read more
U.S. grains: Wheat firms after four-day slide
Corn hits 3-1/2-year low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, bouncing after a four-day slide, as traders weighed the threat of a deep economic downturn due to the coronavirus epidemic against supply tensions in some exporting countries. Corn extended a six-day drop, with May futures hitting the lowest for a most-active contract since September 2016, […] Read more
Feed weekly outlook: Barley, wheat remain firm
Feed corn values follow U.S. ethanol lower
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more
U.S. grains: Wheat tumbles on weak export sales, recession fears
Corn, soybeans rise on crude oil rally, but end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for a fourth straight session on Thursday, extending prior-day losses that were the worst in 7-1/2 months as weak U.S. export sales data stoked concerns about the coronavirus pandemic destroying demand. Soybeans and corn ended mixed as early short-covering and spillover support from sharply higher crude oil […] Read more
A message from April Stewart, Country Guide's Associate Editor
