Chicago | Reuters — U.S. wheat futures fell to three-week lows on Friday, led by hard red winter wheat contracts after showers in key growing parts of the U.S. Plains provided a much needed boost to soil moisture, traders said. Corn futures ended unchanged after spiking to their highest in nearly 10 years for the […] Read more
U.S. grains: Wheat futures fall after rains
Chicago soybeans, corn flat
CBOT weekly outlook: ‘Confluence of events’ keeps corn, soy supported
MarketsFarm — Corn futures at the Chicago Board of Trade hit fresh contract highs on Wednesday, while soybeans also remain well supported with a number of factors likely to keep the grains and oilseeds underpinned going forward. “It’s never just one thing, a confluence of events have taken us up,” said Sean Lusk of Walsh […] Read more
U.S. grains: Soyoil futures rally to record high
Corn hits highest since August 2012
Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
Ukrainian farmers don bulletproof vests to plough frontline fields
Zaporizhzhia | Reuters — Ukrainian farmers in the southern region of Zaporizhzhia, which borders the frontline of the military conflict with Russia, are now wearing body armour to plough their fields. A week after the war started, grad rockets — bombs fired via a truck-mounted multiple-launch system — began falling right next door to the […] Read more
U.S. grains: CBOT corn, wheat up on concerns about U.S. crops
Chicago soybean futures fall
Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, supported by concerns that adverse weather in key production areas would limit the size of harvests this year, traders said. Soybean futures eased as Brazil’s Anec raised its outlook for the country’s export forecast for the oilseed. Losses were kept in check by […] Read more
Pulse weekly outlook: Lentil acres likely up in 2022
Other pulses likely down, though
MarketsFarm — Statistics Canada released its first survey-based crop acreage estimates of 2022 on Tuesday, reporting that while more lentil acres may be planted this spring, other pulses are expected to have their seeded area shrink. The national data agency projected 4.49 million acres of lentils will be planted in Canada this year, a 4.2 […] Read more
Spring planting work can kick up avian flu, feather sector warns
Three more poultry outbreaks confirmed in Canada so far this week
Spring planting work could soon start to bring unintended gifts left by wild birds from fields into farmyards, Ontario’s poultry and egg sectors warn, as more cases of avian flu are confirmed at poultry farms across the country. The Canadian Food Inspection Agency on Thursday reported three additional outbreaks of H5 avian influenza in commercial […] Read more
U.S. grains: Soybeans climb on export optimism
Chicago wheat eases on profit-taking
Chicago | Reuters — Chicago soybean futures rose on Wednesday, with the July contract hitting a two-month high on optimism about export demand for U.S. supplies of the oilseed, analysts said. Corn followed soybeans higher, with front contracts leading the way up in both markets. But wheat futures fell on profit-taking, easing a day after […] Read more
CBOT weekly outlook: Traders look to skies for market guidance
MarketsFarm — Much of the focus from the Chicago Board of Trade (CBOT) for the week ended Wednesday has shifted away from besieged Ukraine — and toward areas closer to home. Prices for nearby corn and soybean contracts rose over the past week due to weather-related rallies, but wheat prices held rangebound. The U.S. northern […] Read more
U.S. grains: Corn pulls back after reaching decade high
Wheat also gives up gains amid profit-taking, traders say
Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday, consolidating below a decade high reached earlier, as traders assessed risks to global supply from the war in Ukraine and a slow start to planting in the U.S. Wheat futures also weakened, with profit-taking pressuring the markets, traders said. The July […] Read more
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