Chicago | Reuters — U.S. corn futures hit life-of-contract highs on Thursday, supported by tightening global grain supplies and an uncertain production outlook as the Russia-Ukraine war continued to rattle markets, analysts said. However, trade was choppy and deferred corn contracts finished lower as traders took profits ahead of a three-day holiday weekend. U.S. markets […] Read more
U.S. grains: Corn climbs on global supply fears
Wheat down on profit-taking; Argentina trucker strike supports soy, corn
Argentina trucker strike talks fail, threatening grain exports
Buenos Aires | Reuters — Argentine grain-truck drivers, industry groups and government officials failed to make a breakthrough in talks on Wednesday to end a strike, raising a threat to corn and soy exports during the key harvest season. Truckers who haul grains have been on strike since Monday, which has brought to a near […] Read more
CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
MarketsFarm — For the most part, grain prices on the Chicago Board of Trade (CBOT) were pretty much unaffected by the U.S. Department of Agriculture’s (USDA) monthly supply and demand estimates released Friday. While wheat prices saw support due to a reduction in global wheat supplies from 2021-22 as well as dry conditions in the […] Read more
U.S. grains: Corn nears 10-year high
Wheat, soy up as Ukraine still in focus
Chicago | Reuters — U.S. corn futures hit their highest in nearly 10 years on Wednesday and wheat touched a three-week top on worries about tightening global grain supplies, the crisis in Ukraine and drought in the U.S. Plains, analysts said. Soybeans bounced, shaking off signs of slowing demand from top global buyer China, while […] Read more
U.S. grains: Corn, wheat climb on Ukraine woes, U.S. biofuel plan
May soybeans also close higher
Chicago | Reuters — U.S. corn, wheat and soybean futures rose on Tuesday on worries about the Russia-Ukraine conflict persisting and disrupting Black Sea grain exports, and optimism about increased demand for biofuels, analysts said. U.S. President Joe Biden will unveil plans to extend the availability of higher biofuel blends of gasoline during the summer […] Read more
Klassen: Feedlots value feeders on finished cattle price projections
Compared to the week ending March 2, western Canadian yearling prices were $3-$5 lower on average. Mid-weight replacements in the range of 650-800 lbs. were down $8-$12. Steer calves under 650 lbs. traded steady to $5 lower. Heifer calves under 650 lbs. were also down $8-$12. The market was hard to define for heifer calves […] Read more
Argentine grain truckers strike, threatening exports amid harvest
Buenos Aires | Reuters — Truckers in Argentina began an open-ended strike on Monday to demand higher rates for transporting grain and livestock, an action that could hit grain exports during a key part of the harvest. Argentina, the world’s leading exporter of soy derivatives and second-largest corn exporter, recently started harvesting both grains, which […] Read more
U.S. grains: Wheat firm as Ukraine war raises supply fears
CBOT corn ends mixed
Chicago | Reuters — U.S. wheat futures rose nearly three per cent on Monday and hit a two-week high on worries about U.S. crop prospects and concern that fighting in Ukraine will continue to disrupt Black Sea region exports, analysts said. But soybeans fell as COVID-19 lockdowns in China, the top importer of the oilseed, […] Read more
U.S. crop prices climb following April WASDE report
MarketsFarm — There were two notable surprises in the latest supply and demand estimates from the U.S. Department of Agriculture, according to Ryan Ettner, trader with Allendale Inc. in McHenry, Ill. One was USDA having maintained its carryout for corn; the other was the carryover for wheat being a little larger than what the markets […] Read more
U.S. grains: CBOT wheat, soybeans firm on tighter stocks
Corn firm, ending stocks unchanged
Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) assessed global supply and demand, reflecting the impact that Russia’s invasion of Ukraine has had on Black Sea exports. Grain prices remained underpinned by Russia’s six-week-old invasion, which has stalled large amounts of Ukrainian exports […] Read more
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