Reading Time: 2 minutes Chicago Board of Trade corn and soybean futures turned higher on Tuesday, reversing direction after a two-day slide, as investors tracked a heat wave moving across the eastern Corn Belt after the government reported a decline in U.S. crop ratings.
U.S. grains: corn, soybean futures firm as traders track heat wave, crop conditions
U.S. grains: Grain futures slump, as wheat drops to 8-week low
Reading Time: 2 minutes Chicago Board of Trade wheat and soybean futures fell sharply on Monday, with wheat at a near two-month low as fund selling pressure rolled into a short holiday trading week, traders said.
June Supply and Demand report has little effect on grain markets
Reading Time: 2 minutes To broker Ryan Ettner of Allendale Inc. the June supply and demand reports from the United States Department of Agriculture has little impact on the markets for June 12. “Given the fact we didn’t miss expectations by much in any category, I would say we continue to trade as we have been trading,” Ettner said. […] Read more
USDA cuts Russian wheat crop estimate after damaging frosts
Reading Time: < 1 minute Chicago | Reuters – The U.S. Department of Agriculture cut its forecasts for Russian wheat production and exports on Wednesday, after Moscow declared federal emergencies over crop losses due to unfavourable weather. Increasing concerns about damage from drought and frosts in Russia, the world’s biggest wheat supplier, drove Chicago board of Trade wheat futures to 10-month highs in May […] Read more
U.S. grains: Wheat marks biggest weekly loss in nearly a year as Turkey bans imports
Reading Time: 2 minutes Chicago wheat futures Wv1 fell for an eighth day on Friday for their lowest close in a month after Turkey said it would halt wheat imports in a blow to the global demand outlook.
USDA, attaché agree on record wheat crop in India
Reading Time: < 1 minute India is well on its way to a massive wheat harvest in 2024/25, according to the United States Department of Agriculture attaché in New Delhi. The attaché was in lockstep with the USDA in predicting a record 114 million tonnes.
US to research possible respiratory spread of bird flu in cows
Reading Time: 2 minutes U.S. federal and state agencies are planning research into potential respiratory spread of bird flu among dairy cattle, according to a Reuters interview with Michigan state agriculture and public health officials.
U.S. grains: Corn and soy futures rise on new Brazilian tax rule
Reading Time: 2 minutes Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.
Cows infected with bird flu have died in five US states
Reading Time: 3 minutes Dairy cows infected with avian flu in five U.S. states have died or been slaughtered by farmers because they did not recover, state officials and academics told Reuters.
CBOT Weekly: Selling, crop conditions drive price drops
Reading Time: 2 minutes Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.
A message from April Stewart, Country Guide's Associate Editor
