Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities. […] Read more
U.S. grains: Soybean futures fall after rain
Chicago corn, wheat futures both mixed
U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health
CBOT September wheat down, MGEX September wheat up
Reading Time: 2 minutes Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost […] Read more
U.S. grains: Soy eases on improved weather view
Chicago corn mixed, wheat down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday on an improved weather outlook for the Midwest crop belt, analysts said. The forecasts for cooler and wetter conditions later this month also pressured new-crop corn futures on the Chicago Board of Trade (CBOT), although front-month July gained against back months on spreads, reflecting tight […] Read more
Corn stocks cut in USDA WASDE report
Reading Time: 1 minute MarketsFarm — Corn ending stocks in the U.S. are forecast to be tighter than earlier expectations for both old- and new-crop, according to the U.S. Department of Agriculture’s world agricultural supply and demand estimates (WASDE) released Thursday. USDA projects 2021-22 ending stocks for corn to be at 1.357 billion bushels, a 150 million-bushel or 10 […] Read more
CBOT weekly outlook: Commodities see ‘much needed’ correction
'You’re not going to go up every day'
Reading Time: < 1 minute MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more
Morocco reimposing 170 per cent duty on hard wheat
Reading Time: < 1 minute Rabat | Reuters — Morocco will reimpose customs duty on soft and hard wheat of 135 and 170 per cent respectively from May 15 in order to cut imports at a time of higher prices in international markets, the agriculture ministry said Monday. The government had said last week the duties would be reintroduced from […] Read more
Hemp poised for year of gains
Nationwide increase in acres expected
Reading Time: 2 minutes MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said. […] Read more
U.S. grains: Wheat lifted on spring planting concerns
Near-term tightness in world supply underpins soy, corn
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Wednesday, following the Minneapolis Grain Exchange’s hard red spring wheat higher on concerns that dryness across the U.S. Great Plains could affect spring wheat plantings. Chicago corn gained ahead of the U.S. Department of Agriculture’s monthly supply and demand report on Friday, which is expected to […] Read more
U.S. grains: Soybeans rise on tight near-term supply
CBOT corn mixed, wheat lower
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Tuesday as traders assessed the impact of a lower-than-expected U.S. plantings forecast and a rain-delayed harvest in Brazil on ever-tightening supplies of the oilseed. Corn futures were mixed, with old-crop contracts rising slightly as investors adjusted positions ahead of a monthly U.S. Department of Agriculture world […] Read more
ICE weekly outlook: Is a bear market next for canola?
Reading Time: 2 minutes Winnipeg | MarketsFarm — The canola market started to retreat this week as unpriced supplies still in the countryside approach non-existent, according to Wayne Palmer, analyst with Exceed Grain in Winnipeg. For the first half of the week of March 15, canola began to lose strength, particularly in old-crop months. That was highlighted at the […] Read more
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