Reading Time: 2 minutes MarketsFarm — There were two notable surprises in the latest supply and demand estimates from the U.S. Department of Agriculture, according to Ryan Ettner, trader with Allendale Inc. in McHenry, Ill. One was USDA having maintained its carryout for corn; the other was the carryover for wheat being a little larger than what the markets […] Read more
U.S. crop prices climb following April WASDE report
U.S. grains: CBOT wheat, soybeans firm on tighter stocks
Corn firm, ending stocks unchanged
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) assessed global supply and demand, reflecting the impact that Russia’s invasion of Ukraine has had on Black Sea exports. Grain prices remained underpinned by Russia’s six-week-old invasion, which has stalled large amounts of Ukrainian exports […] Read more
U.S. grains: Soybeans, corn firm ahead of WASDE
Wheat down, but supported by winter crop stress
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures climbed on Thursday, bolstered by eroding South American production and steady U.S. export sales. CBOT wheat and corn futures eased ahead of the U.S. Department of Agriculture’s monthly global supply and demand report due Friday, expected to reflect the potential impact of the war in […] Read more
CBOT weekly outlook: Smaller corn, soybean ending stocks expected
Reading Time: 2 minutes MarketsFarm — Ahead of the April supply and demand (WASDE) report from the U.S. Department of Agriculture on Friday, trader Ryan Ettner of Allendale Inc. at McHenry, Ill. said he’s expecting carryovers for corn and soybeans to come in below March’s estimates. Ettner has also pegged the wheat carryout to be a little bit higher. […] Read more
Australian canola production heading downward, but still sizeable
New second-biggest harvest expected, USDA predicts
Reading Time: 2 minutes MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop year was projected to be […] Read more
U.S. grains: Soy extends slide, corn mixed
CBOT wheat continues lower
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a second session on Friday, with the spot May contract dropping below US$16 a bushel for the first time in a month after the U.S. Department of Agriculture forecast record soy acreage in that country. Corn futures ended mixed. The front May contract on the Chicago […] Read more
Soybeans to gain, corn to lose U.S. acres, USDA report predicts
Reading Time: 2 minutes MarketsFarm — More soybean acres are projected to be seeded in the United States this year, while fewer corn acres will be planted according to a report that has surprised analysts. The U.S. Department of Agriculture (USDA) released its survey-based Prospective Plantings report on Thursday and the projected acreage numbers for two of the country’s […] Read more
Indonesia palm oil production to rise, USDA attache says
Reading Time: < 1 minute MarketsFarm — There’s to be a small increase in palm oil production in Indonesia in 2022-23, according the U.S. Department of Agriculture’s attaché in Jakarta. The attaché pegged palm oil output to rise by 1.1 per cent at 46 million tonnes due to favourable weather and higher prices for producers. Also, the attaché revised 2021-22 […] Read more
U.S. grains: Soybean futures rise on export strength
Corn, wheat also strong
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, wheat and corn futures firmed on Friday, with all three commodities recovering from declines posted during the overnight trading session. The strength in soybeans stemmed from signs that demand for U.S. supplies remains strong even with newly harvested soybeans from South America available on the marketplace. […] Read more
Mainland U.S. moving to resume P.E.I. potato imports
P.E.I. growers get 'certainty' for spring planting, Bibeau says
Reading Time: 4 minutes Exports of fresh potatoes from Prince Edward Island to the mainland U.S. are expected to resume “soon” as U.S. officials move to put new rules in place for such shipments. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said Thursday that Canada “is expected to soon resume exporting (P.E.I.) table stock […] Read more
A message from April Stewart, Country Guide's Associate Editor
