Reading Time: 2 minutes Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a […] Read more
U.S. grains: Soybeans, corn slump on record USDA acreage projections
Wheat gains on harsh U.S. cold, surging European wheat
U.S. grains: Wheat retreats after cold-weather rally
Corn, soy futures consolidate
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell two per cent on Wednesday, retreating from a two-week high set in early moves, as concerns eased about cold-weather damage following a frigid weekend in the U.S. Plains, analysts said. Corn futures firmed slightly, consolidating below multi-year highs established last week, and soybean futures closed mixed. A […] Read more
Canola stocks to tighten below a million tonnes, AAFC says
Reading Time: < 1 minute MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports left unchanged from the January […] Read more
U.S. grains: Wheat climbs to one-week high on frigid U.S. weather
Corn, soy futures follow firm trend
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Tuesday, rising more than three per cent on fears that frigid temperatures in the bread basket of the U.S. Plains may have damaged winter wheat, analysts said. Corn and soybean futures followed the firm trend, with a strong U.S. soy-crushing pace and […] Read more
U.S. grains: Weather worries push wheat futures higher
Soybeans firm, corn slips
Reading Time: 1 minute Chicago | Reuters — U.S. wheat futures rose on Friday, supported by concerns that arctic temperatures in key growing areas could damage the dormant crop during the weekend, traders said. “Cold temperatures, chiefly domestically, lesser so abroad, will keep the wheat trade watching winterkill prospects over the weekend,” Matt Zeller, director of market information at […] Read more
U.S. grains: Corn, soy, wheat fall sharply on profit taking
'We just ran out of bullish news'
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more
U.S. grains: Corn resumes climb ahead of monthly USDA report
Frigid weather in U.S. grain belt lifts wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department of Agriculture (USDA) report scheduled […] Read more
U.S. grains: Soybeans end lower, after rising on demand optimism
U.S. winter wheat threatened by cold weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended lower on Friday after trading higher earlier on expectations of continued export demand eating into already tight U.S. stocks. Corn futures traded slightly lower as traders assessed mixed crop prospects in South America, while wheat ticked up slightly on fears of winterkill across the U.S. southern Plains […] Read more
U.S. grains: Corn slips after touching new high on Chinese demand
U.S. export, supply-demand data awaited for China update
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended lower on Thursday after hitting a 7-1/2-year high, supported by the U.S. Agriculture Department’s confirmation of strong Chinese demand. Soybeans closed higher on strong weekly export sales as traders weighed rain delays to Brazil’s harvest. Wheat fell, despite weekly export sales at the high end of analysts’ […] Read more
U.S. grains: Corn ends up off early declines, on export demand
Soybeans climb after two days of correction
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures ended higher on Wednesday as traders anticipated strong export sales would continue. Soybeans moved higher, as traders turned attention to the U.S. Department of Agriculture’s monthly supply and demand report on Feb. 9, expecting to see a continued tightening of ending stocks. Wheat followed corn and soybeans, turning […] Read more
A message from April Stewart, Country Guide's Associate Editor
