U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity. The massive influx of crops is testing growers who are already grappling with grain prices near four-year lows, stiff competition for global export sales and farm incomes that are down 23 per cent from a record high just two years ago.
Speedy US corn and soy harvests strain farmers, storage capacity
Many Midwestern farmers still have grain left in storage from 2023 due to low prices
U.S. grains: Wheat slumps on beneficial rains, Russian export policies
Chicago wheat futures fell sharply on Friday as rains were expected to benefit global wheat-growing regions, analysts said. A shift in Russian export policies also fuelled concerns that U.S. commercial grain companies will be left holding large supplies of wheat.
Saskatchewan Crop Report: Provincial harvest 99 per cent finished
Saskatchewan's 2024 harvest will be completed in a matter of days, according to the province's weekly crop report.
Feed Grain Weekly: Less activity before corn deliveries
Despite a lack of activity in the feed grain markets, prices for feed barley and feed grain are trending lower, according to a grain broker from Edmonton.
U.S. grains: Corn futures rise after big US grain sale to Mexico
Chicago Board of Trade corn futures rose on Wednesday after the U.S. Department of Agriculture said exporters reported the biggest daily export sale of the grain in more than a year.
Canadian Grain Commission predicts financial shortfall
In a release Oct. 16, the organization said that “Since the Canadian Grain Commission reduced its official inspection and weighing fees in 2021, the organization has inspected and weighed lower-than-expected grain volumes, leading to a gap between revenue and costs.”
U.S. grains: Corn, soy down on South America rains; crude, equities sell-off
U.S. corn and soybean futures fell for a fourth straight session on Tuesday and hit multi-week lows, guided by sharp declines in equities and crude oil and forecasts for timely rains in Brazil that have tempered worries about early-season planting delays.
U.S. grains: Soy, corn futures down as USDA projects massive US crops
Soy and corn futures turned lower on Friday after the U.S. Department of Agriculture's supply and demand report confirmed the advancing harvests in the U.S. will be some of the largest on record.
Ukraine grain exports to fall by more than 10 million tonnes due to smaller crop, official says
Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Taras Vysotskiy said on Friday.
U.S. grains: Wheat climbs as dry weather, Ukraine war put supply risks in focus
Chicago wheat extended gains on Thursday as traders assessed whether increased tensions between Russia and Ukraine and persistent dryness in grain production areas around the world may curb global wheat exports, analysts said.
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