
Tag Archives Corn

CBOT weekly outlook: Markets react to USDA supply/demand estimates
Wheat data 'surprisingly supportive'
MarketsFarm — The U.S. Department of Agriculture (USDA) on Thursday released its monthly world agriculture supply/demand estimates (WASDE) — the first to show estimates for the 2022-23 marketing year — and markets reacted quickly. Ryan Ettner, a broker for Allendale Inc. at McHenry, Ill., said that while figures for corn and soybeans were in line […] Read more

U.S. grains: Wheats up on ‘indisputably bullish’ cuts to harvest estimates
MGEX July wheat limit up, K.C. July wheat hits contract high
Chicago | Reuters — U.S. wheat futures set contract highs on Thursday as the U.S. Department of Agriculture (USDA) slashed its production forecast for the variety that is grown in the U.S. Plains and used to make bread. USDA, in a monthly crop report, projected hard red winter wheat output at 590 million bushels, down […] Read more

U.S. grains: Supply worries, weather spur rallies
Market awaits USDA world crop report; rains delay U.S. spring wheat plantings
Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the […] Read more

U.S. grains: Chicago grains firm after planting-inspired decline
USDA world report eyed for gauge of Ukraine war, harvest prospects
Chicago | Reuters — Chicago soybean futures edged up on Tuesday, a day after sliding on macroeconomic worries, as traders assessed U.S. planting progress. Wheat traded near even, pressured by recent rainfall across the U.S. Great Plains, though global supply concerns underpinned the market, while corn traded near even, supported as the pace of planting […] Read more

Ukraine calls for moves to unblock ports, prevent global food crisis
Russia has mounted a blockade of Ukrainian ports
Kyiv | Reuters — Ukraine’s president called on the international community on Monday to take immediate steps to end a Russian blockade of his country’s ports to allow wheat exports and prevent a global food crisis. President Volodymyr Zelenskiy made his comments in an online post after speaking to European Council President Charles Michel, who […] Read more

U.S. grains: Corn, soybeans ease on expected planting progress
Weather in U.S., India, France adds to Ukraine wheat supply fears
Chicago | Reuters — Chicago soybean futures fell on Monday to five-week lows as warmer U.S. weather expedited planting progress, deflating fears of added soybean acres and further cuts to corn plantings, traders said. Wheat remained underpinned by dry conditions in the U.S. and French growing belts, reinforcing global supply concerns. The most-active Chicago Board […] Read more

StatsCan reports sharp decline in field crop stocks
Stocks tighter than most traders had estimated
MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31. […] Read more

U.S. grains: Soybeans, corn slide on Midwest weather forecasts
Wheat tumbles after rally, poised for weekly gain
Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more

Feed weekly outlook: Corn trading higher than barley
Seeding begins in Alberta
MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge. […] Read more

U.S. grains: Chicago wheat climbs on new global supply concerns
Corn pressured by hopes of planting progress
Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more