Chicago | Reuters — Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said. Corn also eased, as accelerated U.S. planting and news that Argentina may expand an export volume cap weighed. Soybeans gained on strong export […] Read more
U.S. grains: Wheat extends fall, soybeans firm
Corn books third week down
Global production declines expected for wheat, corn
IGC expects world soybean output to increase
MarketsFarm — In its May supply and demand report, the International Grain Council (IGC) has forecast lower global production of wheat and corn in 2022-23, while soybeans are expected to rise. The IGC, in its latest report Thursday, lowered its call on total world grain production to 2.251 billion tonnes. That’s down by a little […] Read more
Feed weekly outlook: Wheat far more expensive
MarketsFarm — The price for feed wheat is exorbitantly much higher than for barley or corn, according to Jim Beusekom of Market Place Commodities in Lethbridge. While price reports into that area’s feedlot alley put feed barley at $465 per tonne and corn at $480, wheat is about $600, he said. Feed wheat “is trending […] Read more
U.S. grains: Soybeans jump on export demand
Wheat falls on profit-taking; corn deferred contracts slip on weather, crop development
Chicago | Reuters — Chicago wheat futures fell on Thursday, giving back more of their recent gains, as traders sought to take profits amid mixed crop weather in the Northern Hemisphere and wider concerns about an economic slowdown. Meanwhile, soybean and soybean meal futures jumped on news of robust international demand, amid signs the U.S. […] Read more
CBOT weekly outlook: Rallies end as plantings continue slow pace
MarketsFarm — Soybean and wheat prices on the Chicago Board of Trade (CBOT) rallied throughout the week, but may start to ease as spring plantings progress. Terry Reilly, senior agriculture futures analyst for Futures International in Chicago, said India’s newly-implemented ban on wheat exports starting last Saturday due to a severe heat wave was the […] Read more
U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks
Soybeans, corn also pull back on wheat pressure, profit-taking
Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
U.S. grains: Chicago wheat firm as worries about global supplies remain
Corn retreats, soybeans also firm
Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
Sky-high commodity prices to continue
Reading Time: < 1 minute Farm Credit Canada is forecasting that crop prices will continue to remain strong for the rest of the marketing year. “Some prices will ease off their recent highs, while canola, corn and soybean prices should increase,” the lender said in a market update earlier this month. The FCC forecast for canola is $990 a tonne […] Read more
U.S. grains: Chicago wheat limit up on India’s export ban
CBOT corn, soybeans also higher
Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
U.S. grains: CBOT wheat, corn ease off rally on supply concerns
Export outlook, crude oil support soybeans
Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts […] Read more
Cyber-Savvy Farmer
