Reading Time: 2 minutes MarketsFarm — With expectations of far fewer prevent-planting acres for 2023-24, Terry Reilly of Futures International has called for increases in planted area for corn, soybeans and wheat in the U.S. this spring. The U.S. Department of Agriculture (USDA) is scheduled to release its planting projections on March 31. Reilly pegged planted corn acres at […] Read more
CBOT weekly outlook: More acres expected for U.S. corn, soybeans, wheat
USDA acreage projections due out March 31
U.S. grains: Chicago corn turns higher
CBOT soy, wheat fall on long liquidation
Reading Time: 1 minute Mexico City | Reuters — Chicago corn futures turned higher Wednesday, and wheat and soy closed down, as technical trading and investor unease about the economy roiled agricultural commodity markets. Investors scrambled to liquidate long positions, traders said, even before the Federal Reserve raised interest rates by a quarter of a percentage point and indicated […] Read more
U.S. grains: Chicago corn closes higher on consecutive China flash sales
Argentina slashes estimate for 2022-23 harvesting season
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures ended higher for a third straight session on Thursday on U.S. export demand, while wheat lost ground as the United Nations pushed for an extension of the Black Sea grains deal, analysts said. The U.S. Department of Agriculture made its third consecutive announcement of old-crop U.S. corn sales […] Read more
CBOT weekly outlook: ‘Crazy times’ on the markets
U.S. stock markets, crude oil under pressure
Reading Time: 2 minutes MarketsFarm — Macroeconomic factors caused plenty of distress on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Already dealing with whether the U.S. Federal Reserve will continue to raise key interest rates, the collapse of California-based Silicon Valley Bank and concerns over Credit Suisse have rattled global markets, which included a $4 […] Read more
U.S. grains: Chicago wheat, corn up on Chinese demand, Black Sea outlook
Soy dips on sharp fall in stock, oil markets pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures closed higher on Wednesday on strong demand from China and uncertainty over a Black Sea grain export deal as a deadline loomed. Soybeans followed stock and oil markets down after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance, […] Read more
U.S. grains: Wheat rebounds off 17-month low
USDA's new WASDE awaited
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts. Prices were rebounding after dipping below $7 a bushel, Don Roose, president of U.S. Commodities in West Des Moines, […] Read more
U.S. grains: Wheat below US$7 on hopes for Ukraine export extension
CBOT corn down, soybeans up
Reading Time: 2 minutes Chicago | Reuters — Benchmark Chicago wheat futures dropped below US$7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said. Corn futures also declined. But soybeans rose as Chicago […] Read more
U.S. grains: Soybean, corn futures end week strong
Chicago May wheat falls
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the third consecutive day on Friday, supported by expectations that the soy crop in global supplier Argentina is smaller than estimated because of damage from drought conditions. “Behind the support in the market is the simple fact that this is horrible finishing weather for the soybeans […] Read more
U.S. grains: Soybeans up on technical bounce
Wheat firm; corn weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, extending their rebound from the one-month low hit this week on a round of technical buying, traders said. “I think we got too cheap too fast and we are seeing a technical recovery,” said Scott Harms, Ag risk specialist at Archer Financial Services. Wheat futures […] Read more
BASF halting hybrid wheat seed development in North America
Results 'have not achieved development goals we set'
Reading Time: < 1 minute Reuters — Global chemicals and crop seeds company BASF is halting development of hybrid wheat in North America after results of seed trials failed to reach development goals, the company told Reuters on Wednesday. BASF will instead focus development of the new type of wheat in European markets, aiming to launch the technology there “toward […] Read more
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