Chicago | Reuters — U.S. corn futures rose 2.4 per cent on Wednesday as traders unwound bearish bets following the market’s decline to its lowest since September 2009 on Tuesday, traders said. “Corn got down to the lowest prices yesterday we have seen in many years, and we have a short-covering bounce,” said Greg Grow, […] Read more
U.S. grains: Corn gains on short-covering
Soy firms on export deal
U.S. grains: Corn hits lowest since September 2009
Soybeans firm on bargain buying; wheat mixed
Chicago | Reuters — U.S. corn futures fell 1.4 per cent on Tuesday to a fresh 10-1/2-year low as crumbling demand for fuel due to the global coronavirus pandemic threatened the ethanol sector. “They are taking their cue from energy,” said Mark Schultz, chief market analyst at Northstar Commodity. “It is a pretty tough business […] Read more
COVID-19 spurs new clash between Big Oil, Big Corn
Flagging consumption leads to pressures on U.S. fuels, biofuels
New York | Reuters — A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy, this time over whether the policy should be suspended or expanded as a result of the crisis. The issue once […] Read more
U.S. grains: Corn futures set 3-1/2 year low as ethanol output tumbles
Soy futures consolidate after 3-1/2 week low
Chicago | Reuters — U.S. corn futures dropped to their lowest level in about 3-1/2 years on Wednesday as weekly ethanol output set a record low, reflecting weak demand for the crop during the coronavirus outbreak. Soybean and wheat futures also fell at the Chicago Board of Trade. Demand for corn-based ethanol has suffered as […] Read more
CBOT weekly outlook: Poor ethanol demand weighing on corn
MarketsFarm — Losses in crude oil and ethanol have weighed heavily on grain and oilseed markets, with Chicago Board of Trade corn falling to fresh contract lows Wednesday. General uncertainty over COVID-19 is expected to keep a bearish tone in the market. “The big thing has been the overall slowdown in ethanol production,” said Tom […] Read more
CBOT weekly outlook: Corn values stabilize
MarketsFarm — The April world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture didn’t hold much sway over corn on the Chicago Board of Trade (CBOT) on Thursday. Corn ending stocks for the U.S. were pegged at 53.15 million tonnes, about five million tonnes higher than the previous month’s report. However, […] Read more
USDA raises corn, soy, wheat supply outlook
Ending stocks expected up on slowing export demand
Chicago | Reuters — The U.S. Agriculture Department raised its outlook for domestic supplies of corn on Thursday on expectations for reduced usage by ethanol producers, as demand for the alternative fuel has been cratering due to the spread of the COVID-19 coronavirus. The government also bumped up its wheat and soybean ending stocks view […] Read more
U.S. grains: Corn slumps as ethanol production hits decade low
Improved U.S. wheat crop ratings raise expectations of bumper supplies
Chicago | Reuters — Chicago corn futures slumped on Wednesday, giving up part of the previous session’s gains, as the U.S. government reported the U.S. ethanol industry saw a near-decade low in weekly production amid massive stocks. Wheat futures followed in mid-day trading, as investors squared up their positions ahead of Thursday’s world agriculture supply […] Read more
Feed weekly outlook: Barley, wheat remain firm
Feed corn values follow U.S. ethanol lower
MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more
U.S. grains: Corn slumps as ethanol makers feel coronavirus constraints
Market awaits USDA plantings, quarterly stocks data
Chicago | Reuters — U.S. corn futures fell more than one per cent on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel. Soybeans ended mixed, with nearby contracts lifted by firm soymeal prices and concerns coronavirus restrictions may impede South American soy shipments. Wheat […] Read more
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