Reading Time: 2 minutes MarketsFarm — For the most part, grain prices on the Chicago Board of Trade (CBOT) were pretty much unaffected by the U.S. Department of Agriculture’s (USDA) monthly supply and demand estimates released Friday. While wheat prices saw support due to a reduction in global wheat supplies from 2021-22 as well as dry conditions in the […] Read more
CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
Record wheat crop, high stocks to help India meet rising export demand
Reading Time: 2 minutes New Delhi | Reuters — Bumper harvests and overflowing grain bins will help India to meet wheat import needs of the world’s top buyers as Russia’s Ukraine invasion hits supplies from the Black Sea region, a top government official said. India, the world’s second biggest wheat producer, is prepared to meet any extra demand for […] Read more
U.S. crop prices climb following April WASDE report
Reading Time: 2 minutes MarketsFarm — There were two notable surprises in the latest supply and demand estimates from the U.S. Department of Agriculture, according to Ryan Ettner, trader with Allendale Inc. in McHenry, Ill. One was USDA having maintained its carryout for corn; the other was the carryover for wheat being a little larger than what the markets […] Read more
Farmers’ CWB class action lawsuit gets certified
Suit claims federal government wrongly used farmers' money to help privatize the Wheat Board
Reading Time: 4 minutes A class action lawsuit alleging the government of Canada and G3 Canada Ltd. unlawfully used millions of farmer dollars to privatize the Canadian Wheat Board (CWB) has been certified after wending its way through the courts for 10 years. Court of Queen’s Bench Justice Chris Martin delivered his written judgment Tuesday in Winnipeg, clearing the […] Read more
U.S. grains: Soybeans, corn firm ahead of WASDE
Wheat down, but supported by winter crop stress
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures climbed on Thursday, bolstered by eroding South American production and steady U.S. export sales. CBOT wheat and corn futures eased ahead of the U.S. Department of Agriculture’s monthly global supply and demand report due Friday, expected to reflect the potential impact of the war in […] Read more
U.S. grains: Soy extends slide, corn mixed
CBOT wheat continues lower
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a second session on Friday, with the spot May contract dropping below US$16 a bushel for the first time in a month after the U.S. Department of Agriculture forecast record soy acreage in that country. Corn futures ended mixed. The front May contract on the Chicago […] Read more
Feed weekly outlook: Corn prices steady, growers watch weather
Reading Time: 2 minutes MarketsFarm — Days after a work stoppage at Canadian Pacific Railway (CP) came to an abrupt end, prices for corn have been relatively stable, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said there has been little price movement for the feed grain staple recently as most feedlots are already set […] Read more
Soybeans to gain, corn to lose U.S. acres, USDA report predicts
Reading Time: 2 minutes MarketsFarm — More soybean acres are projected to be seeded in the United States this year, while fewer corn acres will be planted according to a report that has surprised analysts. The U.S. Department of Agriculture (USDA) released its survey-based Prospective Plantings report on Thursday and the projected acreage numbers for two of the country’s […] Read more
Egyptian delegation to visit India to discuss wheat imports
Reading Time: 2 minutes New Delhi | Reuters — A delegation from Egypt will visit India in the first week of April to facilitate wheat imports as part of efforts to secure supplies and tide over shortages at one of the world’s biggest importers of the staple, Indian government sources said. Egypt, often the world’s biggest wheat importer, is […] Read more
U.S. grains: Wheat, corn fall on ceasefire hopes
Chicago May soybeans also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell four per cent and corn fell nearly three per cent on Tuesday as comments by Russia and Ukraine following negotiations in Turkey raised hopes of a ceasefire in a conflict that has disrupted massive grain exports through the Black Sea region. However, trade was volatile, with benchmark […] Read more
A message from April Stewart, Country Guide's Associate Editor
