Reading Time: < 1 minute MarketsFarm — As barley and wheat supplies for feed remain tight, demand for corn imports from the U.S. remains strong — but a rally in corn over the last couple of weeks is putting strain on the market, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “It is definitely deterring sales and/or purchases […] Read more
Feed weekly outlook: U.S. corn imports getting expensive
U.S. grains: Corn, wheat retreat from recent highs
Soybean futures edge higher
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Thursday on disappointing weekly U.S. export sales data and a round of profit-taking after multi-year highs set this week, analysts said. Wheat futures also fell, retreating from recent six-week highs, while soybean futures inched higher, supported by export demand for U.S. supplies and spillover strength from […] Read more
U.S. grains: Soybeans climb on export optimism
Chicago wheat eases on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose on Wednesday, with the July contract hitting a two-month high on optimism about export demand for U.S. supplies of the oilseed, analysts said. Corn followed soybeans higher, with front contracts leading the way up in both markets. But wheat futures fell on profit-taking, easing a day after […] Read more
Farming behind the lines: Ukraine’s farmers sow amidst wreckage
Despite their best efforts, however, famine looms as war rages
Reading Time: 5 minutes In early April, Ukrainian soldiers expelled the Russian invaders from the northern regions of Ukraine: Kyiv, Chernihiv and Sumy regions. The wounded enemy left, leaving behind burned-out war machines and the unburied corpses of his soldiers. However, the invaders managed to do a lot of damage. Many of you are probably aware of the atrocities […] Read more
U.S. grains: Corn futures above $8 on supply concerns
Ukraine war continues disrupting Black Sea grain exports
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures topped US$8 a bushel and reached their highest price in nearly a decade on Monday on concerns over unfavourable U.S. weather slowing plantings and the Ukraine war disrupting grain exports. Traders worry chilly weather hampering plantings this spring could potentially contribute to lower yields come […] Read more
CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
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
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
A message from April Stewart, Country Guide's Associate Editor
