Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained for a fourth straight session on Wednesday supported by tightness in vegetable oil markets as traders anticipate U.S. planting data next week. Nearby corn futures rose, while deferred contracts representing the 2021 crop softened ahead of the U.S. Department of Agriculture’s March 31 planting intentions and quarterly […] Read more
U.S. grains: Soybeans extend gains on veg oil rally
Corn rangebound, weather weighs on wheat
U.S. grains: Corn rebounds on technicals, sales to China
Soybeans also gain; wheat weak on improving U.S. crop
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rebounded on Friday in an end-of-week technical and bargain buying bounce from steep losses the previous day. Corn received an additional boost from the U.S. Agriculture Department’s (USDA) confirmation of large sales to China for a fourth straight day, lifting the market to its first weekly […] Read more
CBOT weekly outlook: Crop futures in all directions
Reading Time: < 1 minute MarketsFarm — Chinese sales of corn and a recent run of good weather in the U.S. are affecting futures on the Chicago Board of Trade (CBOT) Wednesday, according to a broker. Ryan Ettner of Chicago-based Allendale Inc. said recent purchases of old-crop corn from China are supporting prices, while prices for new-crop have stayed relatively […] Read more
U.S. grains: Corn futures rally on export strength
Chicago wheat, soybeans rise
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.9 per cent to a one-week high on Monday, recovering from overnight weakness after a U.S. government report showed that export demand for the grain remained high. Soybean and wheat futures also were firm after trading in negative territory during the overnight session. A weekly U.S. Agriculture […] Read more
Demand from China puts Ukraine barley above top-end milling wheat
Reading Time: < 1 minute Kyiv | Reuters — Prices for Ukrainian-origin barley from this year’s harvest have exceeded those of high quality milling wheat due to strong demand from China, analysts at APK-Inform said on Friday. Forward contract prices for 2021 harvest barley stood at $220-$230 a tonne c.p.t. (carriage paid to) Black Sea June-July delivery, while high-quality milling […] Read more
U.S. grains: Wheat and soy climb, corn sags after USDA data
U.S. dollar's retreat also supportive
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than one per cent on Tuesday after the U.S. Department of Agriculture in a monthly report lowered its forecast of global wheat inventories, analysts said. Corn futures declined on a surprise increase in USDA’s forecast of world corn stocks, while soybean futures firmed after a choppy […] Read more
U.S. grains: Soybeans near seven-year peak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest in almost seven years on Monday as forecasts for dry weather in Argentina and excessive rains in Brazil stoked supply concerns. Wheat futures declined, pressured by forecasts for beneficial rains in the U.S. Plains winter wheat belt late this week. Corn futures ended mostly higher […] Read more
U.S. grains: Soy futures rally on dry Argentina weather
Attention turns to next week's USDA supply-demand outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures prices pushed higher on Friday, notching a fourth straight weekly gain, as dry weather in Argentina continued to fuel worries about global supplies of the oilseed. Corn futures rebounded from a three-week low reached in the previous session, while wheat futures also edged higher. Concerns increased over crops […] Read more
Feed weekly outlook: Manitoba corn market warms up, rain needed
Reading Time: 2 minutes MarketsFarm — With feed grain prices staying strong, Manitoba corn growers are hoping for a high yield in the face of other high-performing crops later this year. Warren McCutcheon, a farmer from Carman, Man. and a member of the corn crop committee for the Manitoba Crop Alliance, said he expects similar acreage for this year’s […] Read more
CBOT weekly outlook: High U.S. corn prices cut into ethanol production
Reading Time: 2 minutes MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more
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