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
U.S. grains: Wheat up off nearly four-week low
Corn, soy futures set two-week lows
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
U.S. grains: Soybeans post fourth straight annual gain on supply concerns
Weather concerns, farmer selling give wheat, corn prices a boost
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
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
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