Reading Time: 2 minutes Mexico City | Reuters — Chicago grains futures closed lower on Tuesday as traders took profits, analysts said, while improving weather forecasts eased concerns about planting in the United States. Blizzard warnings were posted on Tuesday across most of the northern Plains spring wheat belt, but forecasts called for a turn to warmer and drier […] Read more
U.S. grains: Chicago grains down on better weather, profit-taking
U.S. winter wheat crop rating reported at lowest since 1989
Saudi Arabia highly dependent on grain imports
Alfalfa more profitable for domestic growers
Reading Time: 2 minutes MarketsFarm — While Saudi Arabia is a giant among the oil-producing countries of the world, the desert kingdom does produce small amounts of grain. With a population that’s about one million less than Canada’s, Saudi Arabia is extremely dependent on importing its grain from overseas. The U.S. Department of Agriculture’s (USDA) attaché in Riyadh explained […] Read more
U.S. grains: Chicago soybeans, wheat up on energy boost
Crude oil jumps on surprise OPEC+ output cuts
Reading Time: 2 minutes Mexico City | Reuters — Chicago soybean and wheat futures closed higher on Monday, boosted by a rally in energy markets and concerns over U.S. crop conditions. Corn closed lower, however, as weather forecasts showed slightly drier conditions that would be favourable to planting, analysts said. Oil prices spiked after a surprise announcement by OPEC+ […] Read more
Prairie cash wheat: Reds higher, durum dips
U.S. wheat futures up on the week
Reading Time: 2 minutes MarketsFarm — Wheat prices on the Canadian Prairies saw modest increases in the red spring varieties during the week ended Thursday, while durum stepped back. Significant gains in the U.S. wheat complex spilled over into Canadian cash prices, but stronger Canadian dollar tempered further increases. Ongoing concerns about dry conditions in the U.S., especially the […] Read more
U.S. farmers aim to plant more corn, soy in 2023, but delays likely
Reading Time: 2 minutes Chicago | Reuters — U.S. farmers are aiming to expand plantings of corn, wheat and soybeans this year, the U.S. Department of Agriculture (USDA) said in a prospective plantings report on Friday, as the ongoing war in Ukraine keeps global supplies tight. But adverse planting conditions are likely to trim back the expansion in some […] Read more
U.S. grains: Wheat down off Wednesday’s one-month high
USDA stocks, prospective plantings reports due out Friday
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday on profit-taking after one-month highs a day earlier and reminders of strong competition for global export business, analysts said. Nearby corn and soybean futures drifted lower as traders squared positions ahead of key U.S. plantings and stocks reports due on Friday. Chicago Board of Trade […] Read more
CBOT weekly outlook: Traders await stocks, plantings reports
USDA estimates due out Friday
Reading Time: 2 minutes MarketsFarm — Traders on the Chicago Board of Trade (CBOT) will play close attention to a pair of reports due out from the U.S. Department of Agriculture (USDA) on Friday at 11 a.m. CT. The Grain Stocks and Prospective Plantings reports will provide a glimpse as to how much of each crop remains in the […] Read more
U.S. grains: Wheat up on Cargill’s Russia decision
Corn firm ahead of U.S. planting report; soy up on Argentina concerns
Reading Time: 2 minutes Reuters — Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill said it would take a further step back from the Russian market by no longer handling the top wheat supplier’s grain at its export terminal from July. Cargill’s shipping unit will continue to carry grain from the country’s ports, […] Read more
Cargill plans to halt grain export activities in Russia
Viterra also set to halt grain trading in Russia, sources say
Reading Time: 2 minutes Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
U.S. grains: Soybeans, wheat gain on planting doubts
CBOT corn steadies
Reading Time: 2 minutes Reuters — U.S. wheat and soybean futures closed higher on Tuesday and corn closed nearly flat as traders had doubts about planting delays and adverse weather with an eye toward a key U.S. crop seedings report at the end of the week. Traders squared positions as they looked ahead to Friday’s annual U.S. Agriculture Department […] Read more
A message from April Stewart, Country Guide's Associate Editor
