Chicago | Reuters — Chicago wheat futures firmed two per cent on Tuesday, strengthened by global supply concerns amid strong demand, while a weaker U.S. dollar supported U.S. trade. Corn inched higher after a weekly decline in U.S crop conditions reported by the U.S. Agriculture Department (USDA). Soybeans traded both sides of even before easing […] Read more
U.S. grains: Wheat firms on global supply cuts
Corn inches higher as U.S. crop ratings decline
Some grain terminals restart after Ida as Nicholas rains arrive
Reuters — Another grain export terminal near Louisiana’s Gulf Coast shuttered for two weeks by Hurricane Ida restarted operations this week even as heavy rains from Tropical Storm Nicholas battered the region on Tuesday. Global grain trader Cargill said it had reopened its Westwego, La. grain export terminal and on Monday unloaded its first grain […] Read more
Pulse weekly outlook: Small Canadian crops lead to marketing shift
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
Prairie crops downgraded in latest StatsCan estimates
Corn, soybean crops upsized from previous report
MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more
U.S. grains: Soybeans ease as large crops loom
Wheat drops on easing supply worries
Chicago | Reuters — Chicago soybeans ended lower on Monday, pressured as farmers begin harvesting what is expected to be a near-record crop, though stronger-than-expected weekly export sales mitigated losses. Corn also saw harvest pressure, while wheat dropped on easing concerns about global supplies. Chicago Board of Trade most-active soybeans lost 1-3/4 cents to end […] Read more
Argentina agrees short-term contract with river dredger
Buenos Aires | Reuters — Argentina’s government has agreed a short-term deal with Belgian firm Jan de Nul to dredge the Parana River, a government source said Friday, a move that should ease industry concerns in the near-term over navigability of the critical grains waterway. Exporters had grown worried about a lack of clarity over […] Read more
USDA’s September supply/demand data contain few surprises
MarketsFarm — There was few, if any, surprises to be found for grain traders in the latest supply and demand report from the U.S. Department of Agriculture (USDA). The September world agriculture supply and demand estimates (WASDE) was pretty much stand-pat in terms of U.S. corn and soybeans, according to trader Andrew Mages of Progressive […] Read more
U.S. grains: Soybeans firm, fail to erase earlier losses
Wheat around seven-week low as world supply concerns ease
Chicago | Reuters — Chicago soybean futures firmed on Friday, following the U.S. Agriculture Department’s monthly supply and demand report showing a drop in harvested U.S. acres, though much of the reports findings had been anticipated by earlier trading. Corn traded near even, while wheat edged lower after touching a new seven-week low, pressured by […] Read more
U.S. grains: Corn, soybean, wheat fall ahead of USDA report
StatsCan stocks report dragged on wheat
Chicago | Reuters — U.S. corn futures fell to their lowest in 7-1/2 months on Thursday, under pressure from expectations that the U.S. government will raise its domestic production forecast, traders said. Wheat futures sank 2.4 per cent to their lowest in more than a month on follow-through technical selling after a Canadian report on […] Read more
CBOT weekly outlook: ‘Tricky’ USDA report due Friday
MarketsFarm — With the U.S. Department of Agriculture (USDA) set to issue its monthly supply and demand estimates (WASDE) on Friday, a broker said it will be a “tricky report.” That’s because of the impact Hurricane Ida had on the U.S. transportation system, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. In particular, […] Read more
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