Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures fell on Wednesday after hitting 11-day highs a day earlier as traders waited for more bullish news before pushing grain prices above those recent peaks. Soybeans were firm, shedding overnight weakness, with investors hoping that export demand for U.S. supplies of the oilseed will remain strong […] Read more
U.S. grains: Corn, wheat futures ease
Chicago soybean futures firm
Farm equipment demand to remain high, FCC says
Low inventories, high commodity prices and a good crop place pressure on demand
Reading Time: 3 minutes Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively […] Read more
Argentine growers who hold soybeans face higher financing costs
Reading Time: < 1 minute Buenos Aires | Reuters — Argentine soy farmers who hold onto stock of more than five per cent of their production will face an elevated financing cost above the normal benchmark rate, the South American country’s central bank said on Thursday, part of a wider push to encourage sales. The central bank said soy farmers […] Read more
U.S. grains: Wheat futures retreat after rally
Corn also weak, soy up off recent losses
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday, settling back from a sharp rally a day earlier as investors weighed Russian criticism of a Ukrainian grain export deal against prospects of a slowing global economy, traders said. Corn futures also were weaker despite growing concerns about a disappointing U.S. harvest after dry weather […] Read more
Cash advances’ interest-free portion temporarily raised
APP funds now interest-free for first $250K
Reading Time: 2 minutes The federal government’s low-interest loan guarantee program for Canadian farmers will sweeten the interest-free portion of its offer for the next two program years to help with farm cash flow. Agriculture Minister Marie-Claude Bibeau on Thursday announced a temporary increase in the interest-free portion of the Advance Payments Program to $250,000, up from the usual […] Read more
CBOT weekly outlook: U.S. interest rate decision could shake futures
Heat in forecast keeping U.S. corn supported
Reading Time: 2 minutes MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) were certainly affected by the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released last Friday — but may be shaken again after the U.S. Federal Reserve decided to raise its key interest rate by 0.75 of a point. Ryan Ettner, a commodity broker […] Read more
CBOT weekly outlook: Potential for conflict, interest rate hikes affects prices
Reading Time: 2 minutes MarketsFarm — The ongoing standoff between Russia and the West over Ukraine, along with speculation regarding key interest rates from the U.S. Federal Reserve, were two major factors on the Chicago Board of Trade (CBOT) during the week ended Wednesday. The potential for a possible Russian invasion of Ukraine had caused a sharp hike in […] Read more
Rock solid: Can anything tame farmland prices?
Drought didn’t do it. Nor has the threat of rising interest rates
Reading Time: 7 minutes Land is in an investment category almost all by itself, says Steve Duff, Ontario’s chief ag economist. “Outside of GICs, there aren’t a whole lot of assets in today’s market that don’t have some downside risk.” It’s little wonder that other market watchers agree. Canada’s farmland prices increased by double-digit percentages every year from 2011 […] Read more
U.S. grains: Corn, soy, wheat up after sell-off
Some traders feel Thursday's sell-off overdone
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned […] Read more
U.S. grains: Corn, soy plunge on weather, broad commodities sell-off
CBOT wheat follows trend lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago […] Read more
A message from April Stewart, Country Guide's Associate Editor
