Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures posted their biggest-ever weekly gain as prices on Friday jumped by their daily limit on deepening fears that Russia’s attack on Ukraine will cause prolonged disruptions to exports from the Black Sea region. Trading was volatile amid uncertainty over how much global demand may shift […] Read more
U.S. grains: CBOT wheat posts record weekly rise as Ukraine war drives volatility
CBOT corn touches highest price since 2012
U.S. grains: Wheat extends run to 14-year high on Russia-Ukraine supply threat
U.S. studying biofuel waiver to fight food inflation
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures galloped to another 14-year high on Thursday as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later […] Read more
U.S. grains: Corn limit up on Russia-Ukraine supply fears
Egypt cancels wheat tender amid market turbulence
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures jumped by their daily limit on Monday, while wheat futures spiked after hitting 13-1/2-year highs on Friday on concerns that Russia’s attack against Ukraine will continue to disrupt grain shipments from the Black Sea region. Soy futures also rallied as the conflict limited vegetable oil […] Read more
Grain exporters tap EU supplies as war shuts Ukraine ports
Reading Time: 2 minutes Hamburg/Paris | Reuters — Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said Friday. The conflict has rattled grain markets, with European wheat futures surging to a record high […] Read more
Early USDA forecast points to record-large 2022 soybean crop
Reading Time: < 1 minute MarketsFarm — Farmers in the U.S. could grow a record-large soybean crop in 2022, according to early predictions from the U.S. Department of Agriculture released at their annual Agricultural Outlook Forum (AOF) on Thursday. The government agency forecast soybean plantings in the country at 88 million acres, which would be up by 800,000 from the […] Read more
U.S. grains: Wheat limit up after Russia invades Ukraine
Soyoil futures hit all-time high on vegoil supply concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures spiked by their daily trading limit on Thursday to their highest since mid-2012 and corn futures touched eight-month peaks after Russian forces attacked Ukraine, exacerbating worries over global grain supplies. Soyoil futures notched an all-time high on concerns about global vegetable oil supplies amid conflict in the major […] Read more
CBOT weekly outlook: Russia-Ukraine tensions fuelling rallies
Reading Time: 2 minutes MarketsFarm — Russia’s incursion into Ukrainian territory, which has intensified an already tense standoff between Russia and the West, has had a bullish effect for grain prices on the Chicago Board of Trade (CBOT) during the week ended Tuesday, according to Scott Capinegro of Barrington Commodity Brokers at Lake Barrington, Ill. The March corn contract […] Read more
U.S. grains: Rising Russia-Ukraine tensions stoke rallies
Most-active CBOT wheat books biggest daily jump in 3-1/2 years
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures surged six per cent on Tuesday in the steepest daily jump in 3-1/2 years while corn rallied three per cent on worries that an escalating conflict between Russia and Ukraine could disrupt grain flows from the key Black Sea export region. Soybeans climbed to a […] Read more
Feed weekly outlook: Big demand lacking for barley, wheat
Reading Time: < 1 minute MarketsFarm — Prices for feed barley have swung a little higher over the last week — but it’s not due to feedlots needing a lot of the cereal, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Barley prices, he said, were $420-$424 per tonne delivered into Lethbridge, with offers as high as $445 […] Read more
World soybean output, stocks estimates chopped
Reading Time: < 1 minute MarketsFarm — Downward revisions to soybean numbers stand out the most in February’s grain market report from the International Grains Council (IGC). Otherwise, the monthly estimates have minor alterations. The IGC cut its forecast on 2021-22 global soybean production by four per cent from its January report, bringing its projection to 353.1 million tonnes. The […] Read more
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