Reading Time: < 1 minute MarketsFarm — The latest U.S. forecast puts world wheat production at a new record in 2021-22, with bigger crops in a number of countries more than offsetting expected decreases in Canada and Australia. According to the first outlook for the marketing year from the U.S. Department of Agriculture, total world wheat production for 2021-22 is […] Read more
USDA expects record world wheat crop in 2021-22
U.S. grains: Corn, soy, wheat dip ahead of WASDE
Market eyes U.S. supply-demand reports for price direction
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell on Monday, pausing after rallying to eight-year highs last week, with traders focusing on the U.S. Department of Agriculture’s upcoming world supply-demand (WASDE) report for new price direction. Wheat dipped, supported by beneficial rains across the U.S. Great Plains, while soybeans traded mixed on continued tight supplies. […] Read more
U.S. grains: Corn, soy futures hit multi-year highs on supply fears
Dryness in Brazil fuels supply fears
Reading Time: 2 minutes Chicago | Reuters — Concerns that global crop supplies will remain lean pushed Chicago Board of Trade corn futures to their highest price since March 2013 on Friday, while soybean futures reached their highest since October 2012. The markets surged before the weekend as traders braced for the potential of further rallies driven by tightening […] Read more
U.S. grains: Corn futures pierce eight-year peak
Soy rallies on supply worries
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures extended a rally above eight-year highs on Thursday as dry weather threatened harvest yields in major exporter Brazil and kept traders’ focus on ebbing global supplies. Soybeans approached an 8-1/2-year peak reached last week, buoyed by rallying vegetable oil prices, and wheat was also higher. […] Read more
U.S. grains: Corn exceeds eight-year high on global supply worries
Soybean, wheat futures also finish higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures touched their highest price in more than eight years on Wednesday as concerns over global supplies and strong demand continued to fuel strong gains. A blistering rally in the market has raised costs for global producers of corn-based ethanol and of meat made from livestock […] Read more
U.S. grains: Corn hits eight-year high
Soybean, wheat markets slump
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures hit their highest price since March 2013 on Monday on strong demand for limited U.S. supplies and concerns over dry weather hurting output in Brazil. Traders continue to focus on tightening global inventories as U.S. farmers plant corn and soy for the autumn harvest, rather […] Read more
U.S. grains: Corn, soy, wheat end higher after volatile week
Market assesses U.S. planting, drought threat to Brazil crops
Reading Time: 2 minutes Chicago | Reuters — Chicago corn, soybean and wheat futures rose on Friday after three days of volatile trade following a run-up to eight-year highs, traders said. The most-active corn futures on the Chicago Board of Trade gained 25 cents at $6.73-1/4 per bushel, adding 40-3/4 cents for the week, a 6.4 per cent gain […] Read more
CBOT weekly outlook: May corn, soybeans reach eight-year highs
Prices seen as indicating crop scarcity
Reading Time: 2 minutes MarketsFarm — At the Chicago Board of Trade, old-crop contracts for corn and soybeans were trading at continually rising prices over the past week and one analyst believes there is a short squeeze. The May corn contract went from about $6.50 per bushel on April 22 to $7.20/bu. five days later (all figures US$). Over […] Read more
U.S. grains: Corn, wheat, soybeans ease on profit-taking
Focus on weather as corn, soy stocks ebb
Reading Time: < 1 minute Chicago | Reuters — Chicago corn, wheat and soybean futures eased on Wednesday on profit-taking after climbing in earlier trading as traders assessed weather risks to crops in Brazil and the U.S. The most-active corn contract on the Chicago Board of Trade (CBOT) lost 10-1/2 cents to $6.44 per bushel, while the nearby May contract […] Read more
U.S. grains: Corn nears eight-year high on tight supplies
Wheat, soybeans at 2013 peak
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures climbed on Monday to their highest since June 2013 as concerns about South American supplies buoyed the market. Strength in corn pulled wheat and soybeans to eight-year highs. Chicago Board of Trade most-active July corn ended limit up at $6.57-1/2 per bushel (all figures US$). July soybeans gained […] Read more
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