Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plunged to a seven-year low on Friday and hit contract lows in all months after a the government forecast a larger-than-expected harvest, but the market ultimately closed firm as the low prices prompted bargain buying. Soybeans eased as the U.S. Department of Agriculture projected the U.S. crop would […] Read more
U.S. grains: Corn touches seven-year low on record crop view
U.S. grains: Soy surges as export hopes rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more
Devalued Argentine peso seen spurring grain exports
Reading Time: 2 minutes Buenos Aires | Reuters — The currency devaluation set to kick off in Argentina on Thursday is expected to pump millions of tonnes of pent-up grains supply into the international market at a time when the world is already seeing record stockpiles. For the first time since 2011, Argentines have full access to U.S. dollars […] Read more
Farmers in soy powerhouse Argentina start five-day sales strike
Reading Time: 2 minutes Buenos Aires | Reuters — Argentine farmers started a five-day crop sales strike on Monday, part of an election-year push in the world’s No. 3 soybean exporter to change policies that they say have killed profits under outgoing President Cristina Fernandez. The country is the biggest international supplier of soybean livestock feed, which has helped […] Read more
CBOT weekly outlook: Corn, soy to weaken as harvest nears
Reading Time: 2 minutes CNS Canada –– Short-term corn and soybean futures have been bouncing due to dryness in the eastern U.S. corn belt, but as crops move into harvest, prices will likely fall, according to Brian Rydlund, market analyst at CHS Hedging Inc. The corn market is primarily being moved by ethanol bidders and buyers, Rydlund said. “Export-wise, […] Read more
Argentine farmers to halt crop sales for three days in protest
Reading Time: 2 minutes Buenos Aires | Reuters –– Argentine farmers will suspend grain sales for three days to protest export quotas and other government policies they say hurt profits, the country’s main growers’ organizations said Tuesday. The strike will start on Wednesday, March 11, leaders of three of Argentina’s biggest farm groups told a press conference. “This action […] Read more
A message from April Stewart, Country Guide's Associate Editor
