Reading Time: 2 minutes MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in some way, he said. “The […] Read more
CBOT weekly outlook: Keep an eye on the weather
Corn, soy seen trending lower
U.S. grains: Soy, corn futures ease on improving weather
CBOT wheat firms on export news
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on forecasts for improving weather in the Midwest, including rains next week that should boost crop production prospects, analysts said. Wheat futures rose as traders awaited the outcome of Egyptian wheat purchase negotiations, as well as talks on a possible deal to boost […] Read more
Good ratings seen for Manitoba’s spring wheat, canola
Reading Time: 2 minutes MarketsFarm — Crops in Manitoba remain in good shape, according to the latest weekly report from the province’s agriculture ministry. In particular, Manitoba Agriculture and Resource Development (MARD) found spring wheat across the province rated 85 per cent good to excellent — but with crops not doing as well in the province’s Interlake region. While […] Read more
U.S. grains: Corn, soybeans end lower on crop prospects
Wheat down on cancelled export tender
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than two per cent on Tuesday and soybeans also declined on optimism for sizable U.S. crops and some forecasts for rain next week, despite pockets of stress from hot and dry conditions, traders said. Wheat futures finished lower after a choppy session, declining after Egypt’s state […] Read more
Brazil seen adding wheat area, fewer acres in Argentina
Reading Time: 2 minutes MarketsFarm — As farmers in Brazil plant more wheat this year, their counterparts in Argentina are cutting back on the amount of acres they plan to sow — although Argentina will still grow a great deal more wheat than Brazil. Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said one reason […] Read more
U.S. grains: Corn, soy, wheat up on broad commodity strength
Crop-stressing dry heat expected in Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybeans and wheat futures rose on Monday in response to worries about potentially stressful hot weather in the Midwest and Europe, coupled with bullish sentiment in crude oil and a weaker dollar, analysts said. Chicago Board of Trade benchmark December corn settled up seven cents at $6.10-3/4 per bushel, […] Read more
U.S. grains: CBOT wheat hits five-month low
Corn, soy firm on U.S. weather outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures tumbled to a five-month low on Friday, with hopes for a pick-up in exports from war-torn Ukraine threatening the recent gains made in demand for U.S. supplies, traders said. Corn futures firmed again, their seventh gain in the last eight sessions, on concerns about hot […] Read more
Feed weekly outlook: Grains under pressure awaiting new crop
Farmers 'digging in and being patient'
Reading Time: < 1 minute MarketsFarm — Feed grain bids in Western Canada continue to come under pressure, as feedlots chew through corn imports from the United States and wait on the new-crop harvest. “We’re certainly seeing things soften,” said grain trader Shaun Smith of Market Place Commodities in Lethbridge. Declines in the Chicago futures and good Prairie growing conditions […] Read more
U.S. grains: Wheat futures extend losing streak
Soybeans weak, corn firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for the fourth straight day on Thursday on optimism about a deal that could lead to the resumption of Ukrainian Black Sea grain exports, traders said. Corn futures rose for the sixth time in seven sessions on growing concerns about hot weather stunting crop development in the […] Read more
CBOT weekly outlook: Volatility ahead as U.S. inflation rises
Reading Time: 2 minutes MarketsFarm — Shifting weather forecasts may have led to choppy activity in U.S. grain and oilseed markets during the week ended Wednesday, but rising inflation may create even more turbulence going forward, according to an analyst. The U.S. Bureau of Labor Statistics reported on Wednesday that the annual rate of inflation rose to 9.1 per […] Read more
A message from April Stewart, Country Guide's Associate Editor
