Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans rose on Friday and posted a sharp yearly rise, amid strong export demand and as drought in major exporter Argentina keeping the focus on supply tensions in the oilseed market. Concerns over drought in Argentina, the world’s largest exporter of soyoil and soymeal, and strong export demand drove Chicago […] Read more
U.S. grains: Soybeans post fourth straight annual gain on supply concerns
Weather concerns, farmer selling give wheat, corn prices a boost
CBOT weekly outlook: Grains show strength as 2022 comes to close
Reading Time: 2 minutes MarketsFarm — Despite lighter trading on the Chicago Board of Trade (CBOT) due to the holiday season, grain markets were still on the move before and after Christmas. Ryan Ettner, a commodity broker for Allendale Inc. at McHenry, Ill., said that while most high-volume traders will still be away for the next few days, there […] Read more
CBOT weekly outlook: U.S. winter wheat to feel the cold
Crop off to 'a really bad start'
Reading Time: 2 minutes MarketsFarm — With frigid weather coming out of the Arctic, across the Canadian Prairies and into the U.S., there has been an upswing in wheat prices at the Chicago Board of Trade (CBOT). Prior to Christmas Day, temperatures are expected to fall as cold as -40 C in the northern Plains to below freezing in […] Read more
U.S. grains: Wheat climbs on winterkill worries
Corn, soy firm on South American dryness
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Wednesday, as forecasts for temperatures well below freezing across the U.S. Midwest threatened winter crops heading into the holiday weekend. Corn and soybeans inched higher, supported by firmer wheat and weather conditions in South America. The most-active wheat contract on the Chicago Board of Trade (CBOT) […] Read more
Large gap between StatCan, USDA canola estimates
USDA sticks closer to StatCan expectations on wheat
Reading Time: 3 minutes MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more
AAFC raises canola stocks projection, despite smaller crop
Department also trims wheat ending stocks
Reading Time: 2 minutes MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency now sees canola carryout of […] Read more
U.S. grains: Soy futures fall despite strong exports
Chicago corn, wheat rise
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell on Thursday on concerns that a firm dollar and a weakening global economy could slow the robust pace of exports that has supported prices since harvest, traders said. Wheat futures were strong on a round of bargain buying following declines in eight of the […] Read more
USDA supply/demand estimates show only minor updates
Reading Time: < 1 minute MarketsFarm — Updated supply-and-demand (WASDE) tables from the U.S. Department of Agriculture included only minimal adjustments to the U.S. and world numbers, with larger revisions likely in the New Year. U.S. soybean and wheat ending stocks projections for the current marketing year were left unchanged, while the corn number was raised slightly. Total U.S. corn […] Read more
U.S. grains: Soybeans climb to 2-1/2 month highs on strong exports
Wheat eases on disappointing exports
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly three-month highs. Wheat traded near even after Wednesday’s rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher. Movements in grains were limited as traders […] Read more
Australia looking at record wheat, canola crops
Near-record winter crop output expected
Reading Time: < 1 minute MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of […] Read more
A message from April Stewart, Country Guide's Associate Editor
