Chicago | Reuters — U.S. corn, soybean and wheat futures fell to multi-month lows on Tuesday, joining a broad sell-off in crude oil and equity markets tied to fears of a global economic recession and waning demand for commodities, analysts said. Beneficial rains in portions of the U.S. Midwest over the Independence Day weekend bolstered […] Read more
U.S. grains: Futures fall on recession fears, Midwest rains
U.S. crop ratings lower than trade expected
Marcos vows to boost Philippines’ grains output
New president/ag min aims to avert food crisis
Manila | Reuters — Philippine President Ferdinand Marcos Jr. vowed Monday to do what it takes to boost his country’s rice and corn production, seeking to reduce reliance on imports and avoid being hit hard by a food crisis now looming across the world. Marcos, who was sworn in as president last week and has […] Read more
Feed weekly outlook: Decline in feed grain prices anticipated
MarketsFarm – Much-needed rains falling onto most parts of Alberta have created ideal growing conditions for feed grains in the province, which has already created a slight decline in prices. “Southern Alberta has been very, very dry, but we’ve had anywhere from four to six inches of rain over the last three weeks,” said Mike […] Read more
Feed weekly outlook: Barley, wheat prices starting to soften
MarketsFarm – It appears that the days of feedlots on the Prairies primarily using corn may be coming to an end. After nearly a year of feedlots importing corn from the United States, due to tight supply and higher prices for feed barley and feed wheat in Western Canada, demand has mostly turned towards cereal […] Read more
U.S. grains: Wheat futures hit lowest since late March
Chicago corn, soybeans also weak
Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more
Canola net long position smallest in 10 months
MarketsFarm — The net long position held by fund traders in the ICE Futures canola market continued to dwindle in the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC), hitting its smallest level since August 2021. The net managed money long position in ICE Futures canola came in […] Read more
U.S. grains: Wheat falls on harvest pressure, firmer U.S. dollar
Hot Midwest spell raises early concerns about corn, soy yields
Indianapolis | Reuters — Chicago wheat futures fell on Friday, erasing gains earlier in the week as harvest pressure weighs and a firmer dollar limits export business, traders said. Corn inched higher, finding a fresh one-month high, supported by hot weather in the U.S. Midwest that could threaten crops, while soybeans traded near even heading […] Read more
Feed weekly outlook: Rains boost Prairie grain prospects
MarketsFarm — Heavy rains in Alberta and western Saskatchewan over the past week should give grain crops a good start to the growing season — and put some pressure on the feed grain market, which remains at historically high prices after last year’s drought. The rain “will kick the production can a fairly good ways […] Read more
U.S. grains: Wheat jumps on weaker U.S. dollar
Midwest heat lifts corn, soy
Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more
CBOT weekly outlook: U.S. interest rate decision could shake futures
Heat in forecast keeping U.S. corn supported
MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) were certainly affected by the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released last Friday — but may be shaken again after the U.S. Federal Reserve decided to raise its key interest rate by 0.75 of a point. Ryan Ettner, a commodity broker […] Read more
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