Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Monday as worries over coronavirus cases in China weighed on commodity markets while grain traders also adjusted positions ahead of key U.S. crop reports due later this week. Crude oil dropped sharply as China’s financial hub, Shanghai, launched a lockdown to contain surging […] Read more
U.S. grains: Crop data awaited as grains fall with other commodities
China COVID-19 cases weigh on markets; grain traders monitor Ukraine news
U.S. grains: Soybean futures rise on export strength
Corn, wheat also strong
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, wheat and corn futures firmed on Friday, with all three commodities recovering from declines posted during the overnight trading session. The strength in soybeans stemmed from signs that demand for U.S. supplies remains strong even with newly harvested soybeans from South America available on the marketplace. […] Read more
U.S. grains: Wheat, corn, soybeans fall with exports in focus
Ukraine's hindered exports 'priced in' on values
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat and corn futures fell on Thursday, with traders noting the market has already absorbed supply disruptions from the Black Sea region following Russia’s invasion of Ukraine a month ago. “It feels like the market has priced in that there will be an issue with corn and […] Read more
ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing […] Read more
U.S. grains: Export demand boosts soybeans
Corn firm, wheat weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose for a third consecutive session on Wednesday, hitting their highest in nearly a month on expectations that demand for U.S. supplies will remain strong due to harvest shortfalls in South America, traders said. The crop woes in Argentina and Brazil also lent support to […] Read more
EU offers farmers aid, more land to grow due to Ukraine war
Reading Time: 2 minutes Brussels | Reuters — The European Union will distribute 500 million euros (C$692 million) to help farmers and allow them to grow crops on fallow land to mitigate food price spikes and potential shortages resulting from Russia’s war in Ukraine. Published on Wednesday, the proposals by the EU’s executive European Commission also include assistance to […] Read more
CBOT weekly outlook: Grain markets rangebound
Drought seen persisting for U.S.
Reading Time: < 1 minute MarketsFarm — With very little in terms of major new developments from the Russian invasion of Ukraine, grain prices on the Chicago Board of Trade (CBOT) for the week ended Tuesday were devoid of the volatility seen in previous weeks. The May corn contract traded at each side of the $7.50 per bushel mark during […] Read more
Pulse weekly outlook: Lentil prices expected to hold
Reading Time: < 1 minute MarketsFarm — Prices for green and red lentils are very likely to remain relatively steady, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “Inventories are relatively low and there are not a lot of people to go to for green lentils in Canada,” she said. “From a buyer’s point of view, they’re […] Read more
U.S. grains: Soy futures rise on strong exports
Corn, wheat futures mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Tuesday on signs that export demand for U.S. supplies remained firm even as South American farmers harvest their crops. Corn and wheat futures were mixed, with nearby contracts easing and deferred offerings rising. “It is really a mixed bag out here,” said Mark Gold, managing partner […] Read more
U.S. grains: Wheat, corn, soy up on expectations for long Ukraine conflict
Funds seen buying in after last week's losses
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures jumped on Monday, with traders saying that exports from the Black Sea region will continue to be disrupted this week due to the fighting in Ukraine. Soybean futures also rose sharply, following gains in the crude oil market that also stemmed from major ructions to energy […] Read more
A message from April Stewart, Country Guide's Associate Editor
