Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts […] Read more
U.S. grains: CBOT wheat, corn ease off rally on supply concerns
Export outlook, crude oil support soybeans
CBOT weekly outlook: Markets react to USDA supply/demand estimates
Wheat data 'surprisingly supportive'
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture (USDA) on Thursday released its monthly world agriculture supply/demand estimates (WASDE) — the first to show estimates for the 2022-23 marketing year — and markets reacted quickly. Ryan Ettner, a broker for Allendale Inc. at McHenry, Ill., said that while figures for corn and soybeans were in line […] Read more
U.S. grains: Chicago grains firm after planting-inspired decline
USDA world report eyed for gauge of Ukraine war, harvest prospects
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures edged up on Tuesday, a day after sliding on macroeconomic worries, as traders assessed U.S. planting progress. Wheat traded near even, pressured by recent rainfall across the U.S. Great Plains, though global supply concerns underpinned the market, while corn traded near even, supported as the pace of planting […] Read more
CBOT weekly outlook: U.S. spring wheat seeding near standstill
Reading Time: < 1 minute MarketsFarm — A succession of weather events has pretty much brought spring planting in North Dakota and Minnesota to a standstill, according to analyst Tom Lilja of Progressive Ag at Fargo, N.D. The weekly crop progress report from the U.S. Department of Agriculture (USDA) estimated nationwide planting of spring wheat at 19 per cent complete […] Read more
USDA attache predicts large 2022-23 grain crops for Canada
Reading Time: 2 minutes MarketsFarm — Canada is expected to see a 30 per cent increase in grain production in 2022-23, according to estimates from the U.S. Department of Agriculture’s Foreign Agricultural Service post in Ottawa. Expectations for improved yields for Prairie grain crops after the 2021-22 drought accounted for much of the projected increase, although USDA also cautioned […] Read more
EU crops to face some challenges in 2022-23
Reading Time: 2 minutes MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One […] Read more
U.S. grains: CBOT corn, wheat up on concerns about U.S. crops
Chicago soybean futures fall
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, supported by concerns that adverse weather in key production areas would limit the size of harvests this year, traders said. Soybean futures eased as Brazil’s Anec raised its outlook for the country’s export forecast for the oilseed. Losses were kept in check by […] Read more
U.S. grains: Corn pulls back after reaching decade high
Wheat also gives up gains amid profit-taking, traders say
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday, consolidating below a decade high reached earlier, as traders assessed risks to global supply from the war in Ukraine and a slow start to planting in the U.S. Wheat futures also weakened, with profit-taking pressuring the markets, traders said. The July […] Read more
CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
Reading Time: 2 minutes MarketsFarm — For the most part, grain prices on the Chicago Board of Trade (CBOT) were pretty much unaffected by the U.S. Department of Agriculture’s (USDA) monthly supply and demand estimates released Friday. While wheat prices saw support due to a reduction in global wheat supplies from 2021-22 as well as dry conditions in the […] Read more
U.S. grains: Wheat firm as Ukraine war raises supply fears
CBOT corn ends mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose nearly three per cent on Monday and hit a two-week high on worries about U.S. crop prospects and concern that fighting in Ukraine will continue to disrupt Black Sea region exports, analysts said. But soybeans fell as COVID-19 lockdowns in China, the top importer of the oilseed, […] Read more
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