Chicago | Reuters — U.S. corn and soybean futures eased on Monday as improved weather in parts of the U.S. Midwest’s farm belt boosted harvest prospects for crops stressed recently by high temperatures and dryness. Chicago Board of Trade wheat firmed as the dollar softened, although gains were limited by improving prospects for exports from […] Read more
U.S. grains: Corn, soybeans slip after Midwest rains
Traders looking ahead to USDA report on Friday
China’s U.S. ag imports soar to new highs in 2022, but volumes vary
Naperville, Ill. | Reuters – China is on track to be the leading international buyer of U.S. agricultural products for a third consecutive year, as the total value of exported goods reached record levels in the first half of 2022. Some of that can be explained by increased trade volumes of certain items, particularly beef, but […] Read more
Feed weekly outlook: Recent storms not hurting yields
MarketsFarm – Recent bouts of severe weather in Alberta, most recently high winds and hail in the central region on Aug. 2, will not affect potential yields for feed grains, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said while some crops were damaged from the storms in central Alberta, as […] Read more
CBOT weekly outlook: Weather outweighing effects of international events
MarketsFarm – As the calendar turned to August, two events on opposite sides of the world caused a stir on the Chicago Board of Trade (CBOT). According to one trader though, conditions closer to home will have a greater effect. Corn and wheat prices took a hit on August 1 when Ukraine’s first grain vessel […] Read more
Manitoba crops variable: report
MarketsFarm – Crop development was highly variable across Manitoba during the week ended Aug. 2 depending on localized rainfall and drainage, with fields in the southern growing areas of the province generally better than those to the north, according to the latest report from Manitoba Agriculture. Localized insect concerns were reported, with some spraying required. […] Read more
As grain prices fall, food prices to ease first in developing world -U.S. official
Sao Paulo | Reuters – Seth Meyer, chief economist at the United States Department of Agriculture, said on Tuesday weaker commodities prices will take longer to ease food inflation in the United States than in the developing world. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after Russia’s […] Read more
Speculative net short position grows in canola
MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
U.S. grains: Corn, soy, wheat fall on weather, Ukraine sea pact
IGC's corn outlook lower, wheat outlook up
Chicago | Reuters — U.S. corn futures fell to two-week lows and new-crop soybeans hit a six-month low on Thursday on improving crop weather in the Midwest and news of a deal to restart Ukraine’s Black Sea grain exports, traders said. Wheat futures declined after choppy trade. All three markets fell to the day’s lows […] Read more
Feed weekly outlook: New-crop supply outlook ‘significantly better’ as prices drop
MarketsFarm — Prices for feed barley and wheat in Western Canada are still higher than this time last year, but if large declines in those prices are any indication, the 2022 harvest is set to be more typical than that of 2021. The high-delivered bid for Saskatchewan feed barley is $8 per bushel, $1 lower […] Read more
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