Reading Time: < 1 minute MarketsFarm — Adverse weather over the past month cut into the yield prospects for soybeans and corn in the U.S., according to updated estimates released Friday from the U.S. Department of Agriculture. Average soybean yields in the country are now forecast at 51.9 bushels per acre. That was down from the August estimate of 53.3 […] Read more
USDA lowers soy, corn yield expectations
CBOT weekly outlook: Export demand underpins commodities
Reading Time: < 1 minute MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more
U.S. rolls back inspection rules for egg products
New rule to affect 83 U.S. facilities
Reading Time: 2 minutes Chicago | Reuters — The Trump administration said Wednesday it will stop requiring U.S. plants that produce egg products to have full-time government inspectors, in the first update of inspection methods in 50 years. Under a new rule that takes effect immediately, the U.S. Department of Agriculture will allow companies such as Cargill and Sonstegard […] Read more
U.S. grains: Soybeans climb on increased Chinese demand
Egypt buys Russian wheat in tender; traders await USDA crop reports next week
Reading Time: 2 minutes Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Reading Time: < 1 minute MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
U.S. grains: Soy futures jump on reported China purchases
CBOT wheat futures retreat after setting five-month top
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more
U.S. grains: Soybeans touch two-year high on dry weather
Wheat up with prices in Russia, Ukraine
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
U.S. grains: Soy futures rise on fresh China sale
CBOT wheat firm, corn eases
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to their highest level in more than seven months on Wednesday with stepped-up demand from China and dry weather threatening to cut U.S. Midwest yields supporting prices for a third day in a row, traders said. Corn eased on technical selling and profit-taking after rising to a […] Read more
U.S. grains: Crop concerns, Chinese buying spark rallies in soy, corn
CBOT December wheat closes higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rallied on Tuesday on rising export demand from China and concerns that deteriorating crop conditions will curtail the size of the U.S. fall harvest, traders said. Soybeans topped out at a seven-month high while corn jumped 2.6 per cent to its highest in […] Read more
Storm and drought impacts on Iowa corn seen in crop tour
Reading Time: 2 minutes Chicago | Reuters — A clearer picture of damage to crops in the path of last week’s derecho storm emerged on Wednesday, as crop scouts on an annual tour scrambled across blown-over corn stalks and wind-battered soybean fields in Illinois and Iowa. Iowa officials on Tuesday warned much of the crop in the path of […] Read more
A message from April Stewart, Country Guide's Associate Editor
