Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell to one-week lows on Friday, pressured by forecasts for beneficial rains in the U.S. Midwest, traders said. Wheat futures also were lower, with traders locking in profits from a rally that has pushed prices higher for five weeks in a row. Signs […] Read more
U.S. grains: Corn, soybeans, wheat fall ahead of weekend
Rainfall in U.S. Midwest forecasts
U.S. grains: Soy, corn down off multi-month highs
CBOT winter wheat firm
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Thursday, pressured by a round of profit-taking and some weather outlooks that called for relief to drought-stricken crops in the U.S. Midwest, traders said. “The markets have obviously been overbought on the run-up here on weather,” said Mark Soderberg, grains research […] Read more
U.S. to boost biofuel mandates over next three years
Biofuel groups still feel shortchanged
Reading Time: 3 minutes Reuters — The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the United States’ fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S. Environmental Protection Agency has finalized […] Read more
CBOT weekly outlook: Weather fuels rallies in grain prices
Rains expected in U.S. Plains states
Reading Time: 2 minutes MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns
Meteorologists 'pretty much threw in the towel'
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose to multi-month highs on Wednesday, supported by concerns about crop shortfalls around the globe due to adverse weather in key production areas. “Listening to the meteorologists this morning, they pretty much threw in the towel on any moisture for the dry areas of the […] Read more
U.S. grains: Corn, soy, wheat set multi-month highs on weather worries
U.S. markets closed Monday for Juneteenth
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying ahead of a three-day holiday weekend, analysts said. “We have an issue here in the […] Read more
U.S. grains: Corn, soy, wheat futures sag on demand worries
U.S. winter wheat harvest adds seasonal pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures and nearby soybean futures fell on Wednesday, backing down from multi-week highs, as traders weighed fears of flagging demand for grains and other commodities against worries about dry Midwest weather curbing crop prospects, traders said. Wheat futures sagged on profit-taking after a four-session advance and seasonal pressure from […] Read more
CBOT weekly outlook: Weather market for soy, corn
U.S. targets for biofuel blending pending
Reading Time: < 1 minute MarketsFarm — With soybean and corn seeding nearing completion across the United States, attention in the futures markets is focused squarely on growing conditions. “We’re in a weather market, so look for traders to keep these prices chopping around over the next few weeks,” said Terry Reilly of Futures International in Chicago. Relatively dry conditions […] Read more
U.S. grains: Corn climbs on dry conditions
Wheat follows corn higher, soybeans mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a nearly two-month high on Monday as traders fretted about disappointing weekend rains and dry conditions stressing crops in portions of the Midwest crop belt, analysts said. Wheat futures followed, finding additional support from rising tensions in the Black Sea region. Soybean futures settled mixed, with […] Read more
USDA’s June WASDE report brings few notable changes
Canadian wheat harvest expectation unchanged
Reading Time: 2 minutes MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
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