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
CBOT weekly outlook: Potential for conflict, interest rate hikes affects prices
U.S. grains: CBOT wheat nears two-month peak on Ukraine crisis
Corn hits June high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures approached a two-month high on Tuesday as fears of Russian military action in Ukraine made traders nervous about a potential disruption to supplies from the Black Sea exporters. Tensions remained high after NATO said on Monday it was putting forces on standby and reinforcing Eastern […] Read more
U.S. grains: Wheat futures rise on fears over Russia-Ukraine conflict
CBOT corn reaches seven-month high; South America rains weigh on soy futures
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures advanced on Monday amid fears that Russia may invade Ukraine and disrupt grain shipments from the region, a major global supplier, traders said. Corn futures also strengthened and set a seven-month high, while soybean futures weakened. Grain traders kept their attention on Russia because it is the world’s […] Read more
CBOT weekly outlook: Prices up on hot weather, growing tensions
Reading Time: 2 minutes MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed […] Read more
U.S. grains: Wheat rallies as Russia-Ukraine tensions rise
Corn firm, soy weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures jumped 3.2 per cent on Tuesday, supported by concerns about rising tensions between Russia and Ukraine as well as cold weather that could threaten the crop in dry parts of the United States. “If there is a problem between Russia and Ukraine, it could be […] Read more
Versatile tractor maker’s majority owner boosts stake
Russia's Rostselmash raises ownership to almost 97 per cent
Reading Time: < 1 minute The Russian farm equipment manufacturer which held just over 80 per cent of Canadian tractor and equipment maker Buhler Industries has now taken up near complete ownership. Winnipeg-based, publicly-traded Buhler Industries announced Wednesday that Combine Factory Rostselmash has bought another 16.3 per cent of Buhler shares for $3 per share, or about $12.25 million. Buhler, […] Read more
U.S. grains: Soy, corn futures extend rally
South American weather woes remain 'concerning'
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine […] Read more
U.S. grains: Wheat hits one-month low on USDA projections
Corn, soybean futures rise
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures slumped to a one-month low on Thursday after the U.S. Department of Agriculture forecast larger-than-expected global production and stocks in a monthly report that reinforced a recent spate of bearish news. Corn and soybean futures tracked wheat lower, but promptly rebounded from their lows on speculative and technical […] Read more
U.S. grains: Wheat slide continues in volatile week
Soybeans rise, corn up on support from crude oil prices
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said. Wheat prices had steadied early in the day’s session but then started falling again on news that U.S. employment growth […] Read more
U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
A message from April Stewart, Country Guide's Associate Editor
