Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the first time in three sessions on Friday as a rainy Midwest forecast fueled worries about harvest delays and potential damage to some crops. Wheat edged higher as rising global prices stirred optimism about a pickup in demand for U.S. wheat. Corn futures ended near unchanged […] Read more
U.S. grains: Soybeans rise as wet Midwest weather seen halting harvest
World crop briefs: Russia makes wheat pitch to Algeria
Reading Time: 2 minutes CNS Canada — Russia is attempting to crack Algerian wheat markets open, according to reports from Bloomberg news agency. Russia recently hosted a tour of Algerian officials and plans to send a trial shipment of wheat to Algeria soon, the agricultural agency Rosselkhoznadzor told Bloomberg. Russian wheat exports to Algeria have previously been limited because […] Read more
U.S. grains: Corn tops one-month high on strong U.S. export sales
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched their highest prices in more than a month on Thursday on strong export demand and as traders adjusted positions ahead of a crop report expected to show supplies tightened over the past year. Soybean futures also rose, extending a rebound from recent losses into a third consecutive […] Read more
U.S. grains: Wheat, corn, soy fall as harvest expectations rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures eased on Thursday, giving up early gains after U.S. President Donald Trump said the United States was under no pressure to make a trade deal with China, the biggest buyer of the oilseed. Wheat futures, which fell for the seventh time in the last eight […] Read more
CBOT weekly outlook: Big U.S. corn yields surprise market
Reading Time: 2 minutes CNS Canada — An unexpected upward revision to this year’s U.S. corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture, in a report released Wednesday, pegged average corn yields at 181.3 bushels per acre — up by about three bushels per acre from the […] Read more
U.S. grains: Corn tumbles after USDA boosts production forecast
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell 3.6 per cent on Wednesday, for their biggest daily declines since April, after the U.S. Department of Agriculture raised its forecast for U.S. production more than analysts expected, traders said. Wheat futures also tumbled, tracking losses in corn and on pressure from USDA unexpectedly boosting Russia’s wheat […] Read more
U.S. grains: Wheat firm on technical bounce, tightening global supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than three per cent on Monday on a mix of technical buying after last week’s seven-week low and fundamental support from tightening supplies in Australia and Russia, analysts said. Soybean futures also advanced while corn futures were little changed ahead of key monthly crop reports due […] Read more
U.S. grains: Wheat weakens on poor export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell 1.8 per cent on Wednesday, its third decline out of the last four sessions, as export prospects for U.S. supplies remained dim despite crop shortfalls in key production areas of the Black Sea region, traders said. Corn dropped after earlier touching a two-week high […] Read more
U.S. grains: Wheat falls on Russian export plans
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Tuesday to a one-week low after Russia’s agriculture ministry said it had no plans to restrict grain exports from the world’s biggest wheat supplier, traders said. Corn firmed on support from news that Argentina planned to impose a 10.2 per cent export tax […] Read more
Russia meets grain traders, sees no need to limit exports
Reading Time: 2 minutes Moscow | Reuters — Russia’s agriculture ministry does not see a need to impose an export duty on grains or to curb grain exports in any other way, it said in a statement after a meeting with exporters on Monday. Chicago wheat prices — a global benchmark for grains — were supported last week by […] Read more
A message from April Stewart, Country Guide's Associate Editor
