Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more disruptive weather lifted prices to two-week highs, although technical selling kept a lid on gains. Corn also edged higher after the U.S. Department of Agriculture (USDA) reported slower-than-anticipated planting in a weekly crop […] Read more
U.S. grains: Soybeans firm on slowed planting progress
Wheat rangebound as Northern Hemisphere weather watched
U.S. grains: Soy slips as traders await China deals
CBOT corn, wheat futures rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures dipped on Tuesday, pressured by a fast pace of planting and slowing export deals to China after a string of sales earlier in the month, traders said. “The trade is very dependent on China buying, and we really have not seen an announcement here in […] Read more
U.S. grains: CBOT wheat hits lowest since March
Soybeans, corn firm as oil rallies
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front and some much-needed rain in the U.S. Plains, traders said. Soybean futures were higher, supported by gains in the crude oil market as well as strong demand from China. […] Read more
U.S. grains: Wheat ends week down four per cent
Soybean, corn futures firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday and recorded their biggest weekly slide in a month, dragged down by rising global stockpiles and improving crop prospects in Europe that signal strong competition for export business, analysts said. Soybean and corn futures closed modestly higher in rangebound trade. Chicago Board of Trade July […] Read more
USDA limits review requirements of some biotech farm products
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture announced on Thursday a rule that will simplify or waive agency reviews of certain biotech farm products, including plants and seeds that have been genetically modified or engineered. As a result, some products could be sold to farmers without a USDA review — a move that […] Read more
U.S. grains: Wheat nears two-month low on export competition
Corn, soybean futures also sag
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged […] Read more
CBOT weekly outlook: Global grain stocks exert pressure
Reading Time: < 1 minute MarketsFarm — A forecast of sizeable global ending stocks is weighing on values at the Chicago Board of Trade (CBOT), according to Terry Reilly, senior commodity analyst for Futures International in Chicago. The U.S. Department of Agriculture (USDA) on Tuesday issued its monthly supply and demand report in which it forecast global corn carryout to […] Read more
U.S. corn production expected way up in USDA’s May WASDE
Reading Time: 2 minutes MarketsFarm — There will be sharp increases in the United States’ 2020-21 corn production — and especially in ending stocks, according to the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA). The department issued its latest world agricultural supply and demand estimates (WASDE) on Tuesday. U.S. soybean planted acres and […] Read more
U.S. grains: Soybeans up on export demand
USDA data awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday, reaching a 3-1/2 week high on fresh export sales to top global buyer China, traders said. Corn and wheat futures drifted lower as traders adjusted positions a day ahead of a monthly supply/demand report from the U.S. Department of Agriculture in which analysts expect the […] Read more
U.S. grains: Soybeans climb on Chinese buying ahead of crop report
Wheat wrestles with demand concerns, weather woes
Reading Time: 2 minutes Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more
A message from April Stewart, Country Guide's Associate Editor
