Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans climbed on Monday, underpinned by concern that drought-damaged crops in Argentina could face more dry weather. Wheat inched higher after climbing to four-week highs earlier in the session on fears a cold snap in U.S. grain belts could lead to crop damage, while potential escalations in the Russia-Ukraine war […] Read more
U.S. grains: Soybeans firm as Argentina drought worries persist
Cold snap in U.S. brings renewed wheat damage fears
USDA sees little change in Australian, Canadian wheat output
Reading Time: 2 minutes MarketsFarm — There isn’t much in the way of significant changes in the U.S. Department of Agriculture’s (USDA) attaché reports on grain production in Australia and Canada. USDA’s Global Agricultural Information Network (GAIN) office in Canberra pegged Australia’s wheat production for 2022-23 at 37 million tonnes, 400,000 more than the official USDA estimate. In comparison, […] Read more
U.S. grains: Soy futures weak, corn firm
Wheat mixed ahead of weekend
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures fell on Friday on expectations that recent rains in Argentina boosted crop potential from that key South American exporter, traders said. Wheat futures were mixed, with the most-active Chicago Board of Trade soft red winter wheat contract sagging on position squaring after notching its biggest weekly gain in […] Read more
U.S. grains: Wheat, soy, corn up on strong export report
South America crop progress limits corn, soy gains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybeans jumped on Thursday on support from a government report that showed strong overseas demand for all three commodities, traders said. “We had some decent export sales compared to what we have seen the last few weeks and that trend, particularly for corn and wheat, is likely […] Read more
U.S. grains: Wheat futures rise on Ukraine war concerns
March corn sags, March soybeans up
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday on concerns that any intensification of Russia’s war on Ukraine could clog the export pipeline from those two major exporters. “I think the market is trying to price in an increasing likelihood that an escalation … turns into a European theatre war,” said Mike Zuzolo, […] Read more
U.S. grains: Chicago wheat, corn climb after weather pressure
Investor optimism on economy helps underpin grains
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures firmed on Tuesday, supported by investor optimism after easing a day earlier on precipitation in both Argentina and the U.S. Plains. Soybean futures began the day firmer but failed to maintain support as forecasts in South America call for more rain. The most-active wheat contract on […] Read more
U.S. grains: Soybeans fall as rain expected to aid Argentine crop
Snow in U.S. Plains pressures wheat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Monday for a fourth consecutive session as rainfall in Argentina’s parched growing areas diminished concerns over crop damage. Wheat fell to nearly 16-month lows as snow and rain across parts of the U.S. Great Plains brought needed moisture to winter wheat crops, while corn followed wheat […] Read more
AAFC issues first look at 2023-24
Oats production expected down significantly on year; wheat, canola up
Reading Time: < 1 minute MarketsFarm — Agriculture and Agri-Food Canada (AAFC) has released its first crop projections for 2023-24, forecasting a very notable drop in oats. In AAFC’s January supply and demand estimates, released Friday, it cut oat production to 3.611 million tonnes, down almost 31 per cent compared to 2022-23. The department chopped the carryout for oats by […] Read more
U.S. grains: Soybeans sag on improving Argentine crop weather
Chicago wheat up on weekly sales data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a one-week low on Friday, declining for a third straight session as traders fixated on forecasts for welcome rains in drought-hit Argentina, analysts said. Corn ended mostly lower on the Argentine weather outlook, but better-than-expected weekly U.S. grain export sales limited losses in corn and lifted wheat […] Read more
U.S. grains: Soy, corn rise on smaller U.S. harvest, Argentina drought worries
U.S. markets closed Monday for Martin Luther King Jr. Day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed for a third straight day on Friday and corn scaled to a 1-1/2 week top on follow-through buying after bullish U.S. Department of Agriculture (USDA) crop data the prior day and concerns about poor South American weather. Both markets gained more than two per cent since USDA […] Read more
A message from April Stewart, Country Guide's Associate Editor
