Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more
U.S. grains: Soybeans fall on South American rainfall
Russian export tax supports U.S. wheat; corn follows soybeans
U.S. grains: Futures slip on South American rains
USDA report seen cutting U.S. soy, corn supply estimates
Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more
U.S. grains: Soy futures sag on improving Brazil weather
CBOT March wheat rallies
Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more
Prairies can expect far better harvest weather this fall
MarketsFarm — Prairie farmers are likely going have good weather over the next few weeks, according to Scott Kehler of Weatherlogics. “We got a pretty significant warm-up across most of the Prairies through to the end of September. It should be fairly warm and not too much in the way of precipitation,” he said. “At […] Read more
No repeat of the ‘harvest from hell,’ says weather forecaster
Reading Time: < 1 minute The fall harvest season will be somewhat wetter than normal but nothing like last year, according to AccuWeather. There is also a low risk for an early freeze, meteorologist and Canada weather expert Brett Anderson said in the company’s fall forecast on Aug. 14. “The latest signals favour most regions having a low risk of […] Read more
CBOT weekly outlook: Rain needed across U.S. Midwest
MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more
Most of Prairies to see little rain
MarketsFarm — Warm and dry weather that has generated little precipitation across the Prairies is expected to continue in most areas, aside from southern Manitoba, according to two meteorologists. “Looks like the overall pattern isn’t going to be changing too much,” Scott Kehler of Weatherlogics said. “What you see is what you’re going to get,” […] Read more
USDA’s July WASDE has little effect on markets
U.S. Midwest weather likely having greater effect
MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more
U.S. grains: Wheat hits eight-month low as harvest advances
Soybeans gain on trade optimism; ethanol report supports corn
Chicago | Reuters — Chicago wheat futures edged downward on Wednesday reaching an eight-month low as the U.S. harvest continues and rainfall across Europe allayed recent weather worries. Corn prices climbed after early losses, ending in positive territory on increased ethanol use, but capped by pressure from favourable weather across the U.S. Midwest, while soybeans […] Read more
Unseasonal rain, hail damage winter crops in India
Crop quality issues may pressure prices
New Delhi | Reuters — Unseasonal torrential rains and hailstorms have damaged the winter-planted crops of millions of Indian growers, inundating wheat, potato, chickpea and rapeseed farms in large parts of the fertile northern plains, farmers said. Most farmers were caught by surprise by the repeated rain and hail that has lashed fields full of […] Read more
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