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
U.S. grains: Wheat ends week down four per cent
Soybean, corn futures firm
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: Futures rebound on Chinese buying, Midwest frost concerns
Freezing forecast raises concern about Midwest crops
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures prices rebounded on Thursday on renewed Chinese buying of corn and soy and as forecasts for sub-freezing temperatures across the country stoked concerns that some vulnerable crops may sustain damage. Gains, however, were tempered by plentiful supplies and worries about demand as traders started positioning ahead […] Read more
New cereal fungicide seeks to carve out its own niche
Cerefit's dual mode of action acts as a preventive and curative
Reading Time: 4 minutes In the fight against diseases in winter wheat in Eastern Canada, the agri-food industry has done a remarkable job in effectively managing fusarium head blight — for decades considered the crop’s greatest disease threat. Seed companies have screened and eliminated susceptible varieties while timing of fungicide applications has advanced to the extent that fusarium is […] Read more
Funds add to short position in canola, move to net long in soy
Reading Time: < 1 minute MarketsFarm — The net managed money short position in canola rose slightly in late April, while soybean speculators covered some of their bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at […] Read more
U.S. grains: Soybeans up on export demand, month-end position-squaring
Strong weekly U.S. export sales data also supports corn, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose more than two per cent on Thursday, the biggest single-day advance in a month, on strong weekly export sales and news of fresh demand from top global soy buyer China, analysts said. Corn futures firmed for a second day on strong export sales and signs the worst […] Read more
CBOT weekly outlook: Prices soft on lack of demand
Reading Time: < 1 minute MarketsFarm — Technical buying was a supportive factor on the Chicago Board of Trade in late April, but commodity futures were broadly lower due to a lack of export activity. However, China reportedly remains committed to fulfilling its end of its Phase One trade agreement with the United States. Although soybean futures have been near […] Read more
U.S. grains: Choppy markets settle lower as demand destruction persists
Corn, soybeans down slightly as traders square positions
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell slightly on Tuesday as traders squared positions at month-end. A faster-than-average U.S. seeding pace in the U.S. Department of Agriculture’s (USDA) Monday crop conditions report pressured corn futures, while traders noted the condition of U.S. winter wheat was not as good as expected. Demand for […] Read more
A message from April Stewart, Country Guide's Associate Editor
