MarketsFarm — Projected average yields and production for wheat and soybeans for 2022-23 went against many analysts’ expectations, according to the U.S. Department of Agriculture (USDA). USDA released its monthly world agriculture supply and demand estimates (WASDE) on Friday, which surprisingly showed upward revisions for average yields and production despite pre-report estimates showing the opposite. […] Read more
Wheat, soybeans buck expectations in USDA report
Soy ending stocks figure adjusted higher
Ukraine grain storage crisis hits home as farmers harvest new crops
Outlook bleak if sea export route not reopened soon
Khreshchate, Ukraine | Reuters — Ukrainian farmer Mykola Tereshchenko hopes to start harvesting his wheat fields this week, but the smallholder in northern Ukraine has nowhere to store the grain. His silos are still crammed full with 1,100 tonnes of grain from last year’s harvest that he can’t export due to the closure of Ukraine’s […] Read more
Larger spring wheat crop expected in U.S.
USDA expects reduced total worldwide wheat crop
MarketsFarm — Early indications point to a much larger spring wheat crop in the United States in 2022 compared to the drought-stricken 2021 crop despite the late seeding, according to the latest production estimates from the U.S. Department of Agriculture. In USDA’s first official production estimates of the growing season breaking out the different wheat […] Read more
Russia’s war may deprive world of three Ukrainian wheat harvests, minister says
'Significant' decline expected in winter wheat acres
Kyiv | Reuters — Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters. Ukraine, sometimes known as Europe’s breadbasket, has had its maritime grain export routes blocked by Russia and […] Read more
CBOT weekly outlook: Wheat futures in a war trading scenario
MarketsFarm — Russia’s invasion of Ukraine has roiled grain and oilseed markets, with the unprecedented situation likely to lead to volatile and choppy activity in wheat, corn and soybean futures for the time being. Chicago and Kansas City winter wheat contracts have posted the largest gains in response to the conflict, with the closure of […] Read more
U.S. grains: Soy, corn futures extend winning streak
CBOT wheat ends mixed
Chicago | Reuters — Chicago Board of Trade soybean and corn futures rose for the third day in a row on Friday on concerns about harvests in Brazil and Argentina limiting production. Wheat futures were mixed, with concerns about potential Russian aggression against Ukraine disrupting the shipment of wheat from the key export region sending […] Read more
U.S. grains: Soybeans ease on South American rainfall
Wheat underpinned by Black Sea supply worry; corn adds on strong export inspections
Chicago | Reuters — Chicago soybeans fell on Monday, pressured by rainfall in parts of South America that could refresh parched crops as Argentina and southern Brazil near harvest. CBOT corn and wheat ended higher after earlier losses, with corn underpinned by strong export inspections and wheat weighing tensions between Russia and Ukraine that could […] Read more
U.S. grains: Soy rises on South American crop woes
Wheat, corn futures rally
Chicago | Reuters — Chicago Board of Trade soybean futures rose on Friday on diminishing harvest estimates in South America, though trading remained volatile a day after prices reached a nine-month high, analysts said. Corn and wheat futures jumped on increased concerns that Russia may invade Ukraine and disrupt grain shipments from the Black Sea […] Read more
U.S. grains: Wheat firms with exports in focus
Chicago corn, soybeans fall
Chicago | Reuters — U.S. wheat futures rose on Friday, with strong buying interest by importers keeping prices near the multi-year highs hit earlier this week. Corn and soybean futures fell but the market was underpinned by strength in the cash market as grain dealers tried to entice U.S. farmers to book sales instead of […] Read more
U.S. grains: Soy jumps on USDA’s surprise cut to yield estimates
Traders had expected a higher soy yield; U.S. corn carryout seen lower than last month
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures soared on Tuesday after the U.S. Department of Agriculture reduced its estimate for domestic yields, surprising traders who were expecting an increase. USDA pegged production at 4.425 billion bushels on a yield of 51.2 bushels per acre in a monthly crop report. That was […] Read more
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