Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the […] Read more
U.S. grains: Corn, soy, wheat slide with financial markets
Drop in oil prices adds pressure on corn
U.S. grains: Virus worries, export sales drag on soybeans
Corn down on rising U.S. ethanol stocks
Chicago | Reuters — U.S. soybean futures fell on Thursday on poor export demand coupled with declines in global equity markets tied to worries about an economic slowdown due to the COVID-19 coronavirus, analysts said. Corn followed soybeans lower while nearby Chicago Board of Trade wheat futures clung to modest gains, supported by inter-market spreading. […] Read more
U.S. grains: Soy up on export hopes, financial market gains
Wheat resumes downtrend after bounce Tuesday
Chicago | Reuters — U.S. soybean futures rose for a third day on Wednesday, nearing a six-week high, on hopes for increased export demand and spillover support from gains in financial markets. Corn futures set a five-week high, while wheat futures slumped. Traders said U.S. soy exports may benefit from an increase in taxes on […] Read more
U.S. grains: Soy, wheat, corn up on economic stimulus hopes
Recovery continues off COVID-19-related pressure
Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday on technical buying and expectations for a co-ordinated global effort to offset the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the COVID-19 virus, whose global […] Read more
U.S. grains: Soybean futures touch five-week high
Corn rises as markets rebound
Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more
U.S. grains: Crop futures slide on coronavirus fears
Corn sets new contract lows, ends mixed; wheat at 3-1/2-month low
Chicago | Reuters — U.S. corn futures slumped to new contract lows on Friday and wheat fell to a 3-1/2-month low with a seventh daily drop in eight trading sessions as a spike in new coronavirus cases beyond China fueled fears of a pandemic. Soybeans also retreated, reversing course after three days of gains as […] Read more
Prairie cash wheat: Spring wheat drops, durum steady
MGEX, CBOT, K.C. May wheats down on week
MarketsFarm — Prairie wheat bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were lower for the week ended Thursday, following losses in U.S. futures. Canada Western Amber Durum (CWAD) largely held steady, buoyed by a weaker Canadian dollar, which lost about six-10ths of a cent. Average CWRS (13.5 per […] Read more
U.S. grains: Corn, wheat tumble as coronavirus rattles investors
Soybeans up off nine-month low on Argentina export news
Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday and wheat futures slumped to the lowest level in 2 -1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic. Soybeans fell to their lowest point in nine months but later […] Read more
U.S. grains: Soybeans bounce on chance of Argentina export limits
Coronavirus fears remain anchor on commodities prices
Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and […] Read more
Bite-sized lowdown on ag economics
New series looks at economic trends in Alberta’s agricultural and agri-food industries
Reading Time: < 1 minute Producers can turn to a new series that looks at economic trends in Alberta’s agricultural and agri-food industries. Called ‘Explained in Brief,’ the fact sheets cover topics including farm economics and cost of production, economic impacts of crop and livestock diseases, and environmental and trade issues. “Agricultural economic topics can be complex,” said provincial research […] Read more
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