Reading Time: < 1 minute MarketsFarm — Projected ending stocks for soybeans and corn in the United States for the current marketing year were left unchanged by the U.S. Department of Agriculture in its latest monthly supply/demand report (WASDE) — coming as a surprise to market participants who had generally anticipated downward revisions to the carryout numbers. USDA left 2022-23 […] Read more
USDA stands pat on U.S. soybean, corn ending stocks
Soy, corn crop projections cut for Argentina
U.S. grains: Wheat closes higher on dry weather, Russian threats
Markets await monthly supply and demand report from USDA
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook in the United States, analysts […] Read more
U.S. grains: Crop futures slide on disappointing export sales, improved weather
Traders adjust positions before Easter weekend
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain and soybean futures crumbled on Thursday on disappointing U.S. export sales and an improved weather outlook for U.S. spring plantings, analysts said. U.S. soybean export sales for 2022-23 were 155,300 tonnes for the week ended March 30, down 42 per cent from the prior four-week average, […] Read more
U.S. grains: Chicago futures lower on U.S. weather outlooks
Traders keep eye on warming trend for northern states
Reading Time: 2 minutes Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that […] Read more
U.S. grains: Chicago grains down on better weather, profit-taking
U.S. winter wheat crop rating reported at lowest since 1989
Reading Time: 2 minutes Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier […] Read more
U.S. grains: Chicago soybeans, wheat up on energy boost
Crude oil jumps on surprise OPEC+ output cuts
Reading Time: 2 minutes Mexico City | Reuters — Chicago soybean and wheat futures closed higher on Monday, boosted by a rally in energy markets and concerns over U.S. crop conditions. Corn closed lower, however, as weather forecasts showed slightly drier conditions that would be favourable to planting, analysts said. Oil prices spiked after a surprise announcement by OPEC+ […] Read more
U.S. grains: Soybeans climb on supportive USDA data
Corn mixed; May wheat unchanged on day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 2.1 per cent on Friday, climbing back above US$15 a bushel for the first time since mid-March after the U.S. Department of Agriculture’s forecast for 2023 plantings and its March 1 soy stockpiles estimate both came in at the low end of trade expectations. Corn futures ended […] Read more
U.S. farmers aim to plant more corn, soy in 2023, but delays likely
Reading Time: 2 minutes Chicago | Reuters — U.S. farmers are aiming to expand plantings of corn, wheat and soybeans this year, the U.S. Department of Agriculture (USDA) said in a prospective plantings report on Friday, as the ongoing war in Ukraine keeps global supplies tight. But adverse planting conditions are likely to trim back the expansion in some […] Read more
U.S. grains: Wheat down off Wednesday’s one-month high
USDA stocks, prospective plantings reports due out Friday
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday on profit-taking after one-month highs a day earlier and reminders of strong competition for global export business, analysts said. Nearby corn and soybean futures drifted lower as traders squared positions ahead of key U.S. plantings and stocks reports due on Friday. Chicago Board of Trade […] Read more
CBOT weekly outlook: Traders await stocks, plantings reports
USDA estimates due out Friday
Reading Time: 2 minutes MarketsFarm — Traders on the Chicago Board of Trade (CBOT) will play close attention to a pair of reports due out from the U.S. Department of Agriculture (USDA) on Friday at 11 a.m. CT. The Grain Stocks and Prospective Plantings reports will provide a glimpse as to how much of each crop remains in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
