Chicago | Reuters – Chicago soybean futures sank on Tuesday after the previous day’s better-than-expected crop conditions report coupled with forecasts for rain across the U.S. Midwest as the oilseed begins to set seed pods. Corn and wheat also fell but found support from earlier hot, dry weather that will likely cut yields. The most-active […] Read more
U.S. grains: Soybeans fall on improved crop outlook, forecast
Pulse weekly outlook: Dry edible beans faring well in Manitoba weather
MarketsFarm – Like all crops, dry edible beans have been affected by the high heat and drought-like conditions which have plagued most of Manitoba this summer. However, they have weathered the conditions better than most, according to Manitoba Agriculture’s provincial pulse specialist. “For the most part, the dry beans are looking okay,” said Dennis Lange. […] Read more
U.S. grains: Corn, soy futures sag on end-of-month selling
Chicago | Reuters – U.S. corn and soybean futures fell about 2 percent on Friday on technical selling and long liquidation at the end of the week and month, and on beneficial rains in portions of the Corn Belt, traders said. Wheat futures ended modestly lower but posted a gain for the month of July. […] Read more
U.S. grains: Wheat climbs as dry weather hits U.S. spring crop; corn, soy follow
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures rose on Thursday, with the front contract rising above $7 a bushel for the first time in a week after findings from an annual U.S. crop tour showed the impact of drought in the northern Plains spring wheat belt. Corn and soybean futures closed […] Read more
Saskatchewan Crop Report: Hay cut progressing in dry weather
MarketsFarm – Hot and dry conditions continued to affect most of Saskatchewan, but they caused little, if any hindrance to the province’s hay cut, according to the province’s weekly crop report released on July 29. Most hay producers have finished operations, with 15 per cent of the hay crop being cut and 75 per cent […] Read more
Pet food shortages leave owners on the hunt for kibble
Chicago | Reuters – Black short-haired kitty Astra, one of millions of pets acquired during the COVID-19 pandemic last year, had to go without salmon-flavored Whiskas treats that were sold out at stores in New Orleans this month. Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in […] Read more
ICE weekly outlook: Canola range-bound, awaiting harvest
MarketsFarm – ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. “We’re just waiting to see as we get into harvest what the crop size and crop yields look like,” said Jamie Wilton, […] Read more
U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains
Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Wednesday on increasing concerns over U.S. supplies of top-quality spring wheat after early results from an annual crop tour showed the effects of drought in the northern Plains, traders said. Corn and soybean futures also firmed, but trade was choppy as brokers weighed […] Read more
CBOT weekly outlook: More information needed for wheat, soybeans
MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry, […] Read more
ADM quarterly profit surges amid strong U.S. corn exports to China
Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more
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