Victoria Falls, on the Zambezi River on Zimbabwe’s northwestern border with Zambia. (CIA.gov)

Zimbabwe says grain stocks running out after drought

Reading Time: 2 minutes Harare | Reuters — Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister. More than half the country’s population faces food shortages after maize harvests halved last year. The […] Read more

Vanessa Kummer checks the quality of her family farm’s 2018 soybean crops near Colfax, N.D. on Aug. 6, 2019. (Photo: Reuters/Dan Koeck)

U.S. books latest end to soy harvest in a decade

Reading Time: < 1 minute MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more


(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Corn, soy prices to continue climbing

Reading Time: < 1 minute MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more



(Sakakawea7/iStock/Getty Images)

Trump trade-war aid sows frustration in farm country

Reading Time: 4 minutes Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more

CBOT December 2019 corn with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

CBOT weekly outlook: Market stuck in range until acreage report

Reading Time: < 1 minute MarketsFarm — Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. “Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect […] Read more


(Dave Bedard photo)

U.S. Midwest floods to weigh on diesel demand come harvest

Reading Time: 2 minutes Putnam County, Ill. | Reuters — A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late […] Read more

ICE July 2019 canola (candlestick chart) compared to CBOT July 2019 corn (line). (Barchart)

ICE weekly outlook: All eyes on King Corn

Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more



CBOT July 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn down on profit-taking as planting ‘virtually done’

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Tuesday as government data showing a rain-delayed planting campaign was nearing an end encouraged a pause in a rally that took prices to a five-year high a day earlier. Wheat futures sank on profit-taking and competition for global export business. Soybeans edged higher, supported by ongoing […] Read more