Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures eased on Monday in a setback from rallies driven by concerns about tight crop supplies. The markets will likely not decline too sharply, traders said, because of strong demand from China and the need for large global harvests. In corn, speculative bullishness in corn remains near […] Read more
U.S. grains: Corn, soy, wheat futures ease in setback from surges
Sovecon raises Russian wheat export forecast
Risk of human spread of H5N8 bird flu deemed low
Seven people infected but asymptomatic, WHO says
Reading Time: < 1 minute Geneva | Reuters — The risk of human-to-human spread of the H5N8 strain of bird flu appears low after it was identified for the first time worldwide in farm workers in Russia, the World Health Organization (WHO) said on Friday. A separate influenza strain, H1N1, that emerged from pigs and spread rapidly worldwide among humans […] Read more
U.S. grains: Wheat, soy, corn futures rise
Still remain below multi-year peaks
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Monday, led by a 2.2 per cent gain in the benchmark Chicago Board of Trade May soft red winter wheat contract, as traders focused on the condition of the crop after severe cold snaps in key growing regions. “Wheat is receiving some support from cold weather […] Read more
U.S. grains: Corn slips after touching new high on Chinese demand
U.S. export, supply-demand data awaited for China update
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended lower on Thursday after hitting a 7-1/2-year high, supported by the U.S. Agriculture Department’s confirmation of strong Chinese demand. Soybeans closed higher on strong weekly export sales as traders weighed rain delays to Brazil’s harvest. Wheat fell, despite weekly export sales at the high end of analysts’ […] Read more
Pulse weekly outlook: Canada’s lentils face competition
Reading Time: 2 minutes MarketsFarm — Acreage and production of lentils in Canada are expected to mostly remain the same for the 2021-22 crop year. While strong demand during the COVID-19 pandemic has bolstered prices over the past year, increased production from competing exporters may cut into that buying interest going forward. Elyce Simpson Fraser, senior vice-president of Simpson […] Read more
U.S. grains: Corn falls after six-session gain
Wheat eases as Egypt tender favours Russian wheat, despite export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures eased on Tuesday after six sessions of gains, as the market watched to see if a surge in Chinese demand would continue to erode U.S. supplies. Soybeans also fell as traders assessed upcoming Brazilian exports against risks that rainfall will slow harvest work. Wheat followed corn and soybeans […] Read more
U.S. grains: Corn sets new high on export sales
Wheat falls even as Russia considers more export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to 7-1/2-year highs on Monday, supported by continued export demand. Soybeans ended slightly weaker after climbing back from a 20-cent drop in earlier trading, supported by a slow Brazilian harvest that could affect exports (all figures US$). Wheat followed soy lower. The Chicago Board of Trade’s most-active […] Read more
U.S. grains: Corn sets 7-1/2-year high on China sales
Chicago wheat also up, soybeans firm
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose more than two per cent on Friday and set a multi-year high after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies. Wheat futures also rose about two per cent, chasing corn higher, and soybeans firmed as well. Chicago Board […] Read more
U.S. grains: Wheat down on profit-taking
Corn pares gains off seven-year high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat […] Read more
U.S. grains: Corn soars four per cent on fresh sales to China
Chicago soy, wheat also climb
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures surged four per cent on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said. Soybeans followed corn higher, with worries about a slow start to the Brazilian soy harvest lending support. Wheat firmed on supply concerns and […] Read more
A message from April Stewart, Country Guide's Associate Editor
