Reading Time: < 1 minute MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks […] Read more
CBOT weekly outlook: World wheat output seen lower than expected
ICE weekly outlook: Not much faith in USDA’s WASDE
Reading Time: 2 minutes MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
CBOT weekly outlook: USDA report leaves trade unsteady
Reading Time: < 1 minute MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more
USDA makes some changes to Canadian, world crop estimates
Reading Time: 2 minutes MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
CBOT weekly outlook: What happens with corn, will happen to soybeans
Reading Time: < 1 minute MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more
Corn down, soybeans steady in latest U.S. supply/demand report
Reading Time: 2 minutes MarketsFarm — Corn production in the U.S. has been projected to drop by almost nine per cent in 2019, according to the latest world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). The department released its report on June 11, with some notable changes and ‘non-changes’ compared to its May […] Read more
CBOT weekly outlook: Factors come together to boost prices
Reading Time: 2 minutes MarketsFarm — A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of R.J. O’Brien in Chicago. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in for […] Read more
CBOT weekly outlook: Weather, trade talks strong influences
Reading Time: 2 minutes MarketsFarm — Forecasts calling for more precipitation in the U.S. and trade talks with China are having powerful effects on prices at the Chicago Board of Trade this week from where one analyst sits. Steve Georgy of Allendale Inc. in McHenry, Ill. said the forecast has been driving soybean prices to new contract lows. Already […] Read more
USDA raises corn stocks projections, lowers soybeans
Reading Time: 2 minutes MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion bushels, in […] Read more
U.S. grains: Wheat pressured by ample global stockpiles
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-week low on Tuesday, pressured by improving U.S. yield prospects and rising global stockpiles, analysts said, while nearby U.S. corn and soybean futures finished unchanged. Chicago Board of Trade May wheat settled down 5-3/4 cents at $4.59-1/2 per bushel after dipping to a one-week low […] Read more
A message from April Stewart, Country Guide's Associate Editor
