
Tag Archives prices

U.S. grains: Chicago corn, wheat reverse gains to close lower
Export sales of wheat, soybeans fall below forecasts
Mexico City | Reuters — Chicago corn futures reversed session gains to close lower Thursday, with the most-active contract hitting its highest price since February on a boost from Chinese demand. Wheat futures also closed lower in rangebound trade after earlier gains, pressured by disappointing export data and inter-market spreading against K.C. wheat futures, traders […] Read more

ICE weekly outlook: Canola continues its collapse
Limited demand, more farmer selling seen
MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers realizing there wouldn’t be a […] Read more

CBOT weekly outlook: More acres expected for U.S. corn, soybeans, wheat
USDA acreage projections due out March 31
MarketsFarm — With expectations of far fewer prevent-planting acres for 2023-24, Terry Reilly of Futures International has called for increases in planted area for corn, soybeans and wheat in the U.S. this spring. The U.S. Department of Agriculture (USDA) is scheduled to release its planting projections on March 31. Reilly pegged planted corn acres at […] Read more

Little change in barley acres expected
Malt barley prices mainly steady
MarketsFarm — As spring planting approaches, Peter Watt of the Canadian Malting Barley Technical Centre (CMBTC) said there likely won’t be a big shift in barley acres that will be planted in 2023. “Producers have made their [planting] decisions for the most part. You might see people adjust their plans a little bit based on […] Read more

U.S. grains: Chicago corn turns higher
CBOT soy, wheat fall on long liquidation
Mexico City | Reuters — Chicago corn futures turned higher Wednesday, and wheat and soy closed down, as technical trading and investor unease about the economy roiled agricultural commodity markets. Investors scrambled to liquidate long positions, traders said, even before the Federal Reserve raised interest rates by a quarter of a percentage point and indicated […] Read more

U.S. grains: Chicago soy closes lower
Brazil production, Fed in focus for soy; wheat, corn still capped by Black Sea deal extension
Reuters — Chicago soy futures reversed gains to close lower on Tuesday, pushed down by rising estimates of Brazilian production, while corn and wheat dipped as markets kept a cautious eye on an expected Federal Reserve rate hike. Wheat and corn continue to be capped by the extension of a Black Sea export corridor from […] Read more

U.S. grains: Soy closes higher on rising crude oil, stocks values
Ukraine Black Sea grain deal extended for at least 60 days
Mexico City | Reuters — Chicago Board of Trade soy futures rallied from a three-month low to close higher on Monday, catching a tailwind from U.S. stocks reassured by the announcement that UBS agreed to buy battered rival Credit Suisse, analysts said. Gains in oil prices also pushed up soybeans, which are used in ethanol […] Read more

U.S. grains: Chicago grains end week higher on export demand, Black Sea jitters
Soy pushed down for fifth consecutive week
Chicago | Reuters — Chicago wheat and corn futures posted weekly gains for the first time in five weeks, ending stronger on Friday on high demand for U.S. corn exports and market jitters over the extension of a wartime Black Sea grain deal. Chicago Board of Trade May soft red winter wheat settled up 11-1/2 […] Read more

Feed weekly outlook: Grains wait for demand to pick up
Trucking availability still seen as an issue, but less of one
MarketsFarm — As feed barley continued to sit in a lull, there have been some increases in feed wheat, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “There’s a little of downward pressure on barley,” Motz said, noting demand for it is expected to soon pick up. Feed wheat prices have increased recently, […] Read more

U.S. grains: Chicago corn closes higher on consecutive China flash sales
Argentina slashes estimate for 2022-23 harvesting season
Chicago | Reuters — Chicago corn futures ended higher for a third straight session on Thursday on U.S. export demand, while wheat lost ground as the United Nations pushed for an extension of the Black Sea grains deal, analysts said. The U.S. Department of Agriculture made its third consecutive announcement of old-crop U.S. corn sales […] Read more