Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s (USDA) monthly world agricultural supply/demand estimates (WASDE), released Monday, have since played a major role on the Chicago Board of Trade (CBOT), one trader says. Terry Reilly, grains analyst for Futures International in Chicago, said while corn ending stocks (1.219 billion bushels) and average yield (172.5 bushels per […] Read more
CBOT weekly outlook: USDA report affecting corn, soybean prices
U.S. grains: Soybeans, corn down on technical setback
Chicago December wheat rises
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder […] Read more
U.S. grains: Corn, soybean futures dip on profit-taking
Chicago wheat firms
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
U.S. grains: Soy, corn futures hit June highs
USDA cuts domestic harvest estimates
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
Shorter straw, longer crop
More wheat growers are finding the benefits of plant growth regulators
Reading Time: 5 minutes Wheat growers always want to boost yields and cut costs, but this year’s combination of high prices and high input costs has called for an even sharper pencil. That’s led to heightened management in managing cereals — and winter wheat, in particular — with greater intensity than in the past. The success of the Great […] Read more
CBOT weekly outlook: More acres, smaller yields anticipated in U.S.
Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more
U.S. grains: Wheat rallies on new concerns about Ukraine exports
Profit-taking pressures corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied 3.3 per cent to their highest in nearly two months on Wednesday as criticism by Russia of a wartime export deal for Ukrainian grain revived concerns about the movement of supplies out of the Black Sea shipment hub. Corn and soybean futures eased on a round of […] Read more
U.S. grains: Wheat, corn, soybeans bounce ahead of long weekend
U.S. dollar down on labour market data
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures rose on Friday on a short-covering bounce ahead of a three-day U.S. holiday weekend, led by strength in crude oil and other commodities as fears waned about aggressive interest rate hikes from the Federal Reserve. A rally in world stocks fizzled, but the U.S. dollar […] Read more
U.S. grains: Wheat, corn, soy fall on economic concerns
U.S. Midwest's harvest nears
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than four per cent and corn and soybeans slipped on Thursday on mounting concerns about a global economic slowdown, analysts said, just as the Midwest crop harvest nears. Wall Street stocks came under pressure as data showing that U.S. manufacturing grew steadily in August rattled some […] Read more
CBOT weekly outlook: Harvest, crop conditions pressuring prices
Reading Time: 2 minutes MarketsFarm — The Pro Farmer Midwest Crop Tour earlier this month brought attention to a potential reduction of corn yields in some areas of the U.S., causing a rally in prices. However, after crop conditions did not fall as expected, prices underwent a correction, according to one analyst. The U.S. Department of Agriculture (USDA), in […] Read more
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