Reading Time: < 1 minute MarketsFarm — World wheat production in the 2022-23 marketing year will likely end up slightly higher than earlier projections, according to the latest estimates from the International Grains Council. However, with usage predictions also rising, carryout stocks were revised slightly lower. In a report released Thursday, the IGC pegged 2022-23 world wheat production at 796 […] Read more
World wheat stocks to tighten despite larger crop, IGC says
Corn stocks also revised lower
U.S. grains: Corn up off three-week lows on technicals, Argentine drought
Wheat sinks to 15-month low on weak U.S. exports; soybeans also down
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended mixed on Tuesday after a technical and bargain-buying bounce from three-week lows faded as dull demand for U.S. exports overshadowed concerns about Argentina’s drought-reduced harvest. Soybeans ended mostly lower while wheat fell to its lowest in 15 months on good global supplies and weak demand for U.S. […] Read more
Helping irrigation finding its value
High commodity prices and dry weather prompt some growers to have a look
Reading Time: 4 minutes Whether it’s in a wagon full of corn, a load of fertilizer, a jug of fungicide, a robotic milker or a new tractor, farmers always look at whether it will provide a return on investment. For those with the option, irrigation is another item to add to the ROI list. Until recently, irrigation was more […] Read more
U.S. grains: Corn, soy, wheat end lower as market awaits USDA reports
Grain trade also monitoring Brazil
Reading Time: < 1 minute Chicago | Reuters — U.S. corn futures fell on Monday for the sixth time in seven sessions and wheat and soybeans finished mostly lower, as investors weighed weather-reduced production in some areas of South America against tepid demand for U.S. supplies. Wheat futures also retreated as late-session technical selling eroded earlier support from a weaker […] Read more
U.S. grains: Wheat posts biggest weekly loss in six months
Soybeans, soymeal rally on Argentina drought
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures weakened on Friday and posted their biggest weekly decline in six months as ample supplies from the Black Sea region weighed on prices, analysts said. Soybean and soymeal futures rallied amid increasing concerns about drought hurting crops in Argentina, the world’s leading exporter of processed […] Read more
U.S. grains: Wheat up off nearly four-week low
Corn, soy futures set two-week lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures turned higher on short-covering and bargain buying on Thursday after dropping to their lowest price in almost four weeks, analysts said. Corn and soybeans set two-week lows as concerns about demand and economic headwinds, including the impact of surging COVID-19 cases in China, continued to […] Read more
CBOT weekly outlook: USDA ‘data dump’ due next week
'Minor changes' expected for corn, soy
Reading Time: 2 minutes MarketsFarm — A flurry of reports is coming from the U.S. Department of Agriculture (USDA) on Jan. 12, including its monthly supply and demand estimates, quarterly grains stocks report and winter wheat planting report, among others. Futures International analyst Terry Reilly said the multitude of the reports coming out that Thursday will essentially be a […] Read more
U.S. grains: Wheat, corn futures hit two-week lows on demand concerns
Wheat futures curbed by cheaper Black Sea supplies; U.S. Plains wheat ratings dip in Kansas
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures set two-week lows on Wednesday as concerns about weakening demand hung over commodity markets. Investor worries about economic headwinds, including the impact of a surge of COVID-19 cases in China, were encouraging selling in commodities, analysts said. Chart-based selling also weighed on the grain markets, they […] Read more
U.S. grains: Wheat, corn, soybeans sag as traders reduce risk in new year
Stronger U.S. dollar pressures grain futures
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) grain and soybean futures closed lower on Tuesday as the dollar rallied and broad-based selling hit a range of markets, analysts said. Oil prices also tumbled, pressured by a gloomy economic outlook, while U.S. stocks struggled. Gains in the dollar made U.S. commodities, including farm products, […] Read more
Bolivia farm region blocks borders, grain transport in protests
Reading Time: 3 minutes Santa Cruz/La Paz | Reuters — Protesters in Bolivia’s farming region of Santa Cruz are blocking highways out of the province, threatening to snarl the domestic transport of grains and food, as anger simmers following the arrest of local governor Luis Camacho. The region, a stronghold of the conservative opposition to socialist President Luis Arce, […] Read more
A message from April Stewart, Country Guide's Associate Editor
