MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more
CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong
CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy
MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily limit in reaction to USDA’s […] Read more
Mexico’s ban on GMO corn imports won’t apply to feed, U.S. says
Chicago | Reuters — U.S. Agriculture Secretary Tom Vilsack said on Friday that a Mexican plan to ban imports of genetically modified (GMO) corn would apply to grain used for human food products, not livestock feed, based on recent talks he had with Mexican Agriculture Secretary Victor Villalobos Arambula. Vilsack said limiting the ban to […] Read more
Cows love it but growing corn for silage or grazing can be tricky
Getting the crop off to a good start through seed selection and good seed placement is critical
Reading Time: 4 minutes Corn can be an attractive option for feeding cattle, but there are a lot of specifics to consider when you choose to grow it. “Corn just tastes good and cows love it. It’s more palatable than barley, and it has a better dry matter intake,” Greg Paranych, agriculture field specialist with the Grey Wooded Forage […] Read more
Feed weekly outlook: Manitoba corn market warms up, rain needed
MarketsFarm — With feed grain prices staying strong, Manitoba corn growers are hoping for a high yield in the face of other high-performing crops later this year. Warren McCutcheon, a farmer from Carman, Man. and a member of the corn crop committee for the Manitoba Crop Alliance, said he expects similar acreage for this year’s […] Read more
CBOT weekly outlook: High U.S. corn prices cut into ethanol production
MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more
CBOT weekly outlook: Weather wreaks havoc on crops
MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more
CBOT weekly outlook: WASDE unexpectedly bearish for corn
MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more
CBOT weekly outlook: Corn, soybeans may see seasonal slowdown
However, more upside remains possible
MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more
CBOT weekly outlook: Corn is the leader
MarketsFarm — Over the last week at the Chicago Board of Trade (CBOT) corn has been leading soybeans, while wheat has been lacking good exports, according to Ryan Ettner, broker with Allendale Inc. in Fort McHenry, Ill. Ettner said he also expects the situation is very likely to continue, barring any kind of a major […] Read more
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