MarketsFarm — Global crop production in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) is expected to increase for wheat, corn and soybeans. USDA released its world agriculture supply and demand estimates (WASDE) on Tuesday. The expectation is that global wheat production will be bumped up by 0.56 per […] Read more
Global wheat, corn, soy production expected to increase
U.S. grains: Soybeans tumble as China spat piles on demand worries
Grain markets hit by drop in demand for feed, biofuel
Chicago | Reuters — Chicago soybean and corn futures slid on Monday as rising tensions between Washington and Beijing raised concern about further demand risk, on top of coronavirus disruptions to biofuel and livestock feed markets. Favourable crop weather also weighed on prices as planting advanced in the U.S. Midwest while rain across Europe looks […] Read more
U.S. grains: Corn sinks to lowest since 2009 as crude oil turns negative
Russian export curbs support CBOT wheat
Chicago | Reuters — Chicago Board of Trade corn futures sagged 2.6 per cent to its lowest since September 2019, with a plunging crude oil market slashing demand for ethanol, traders said. Soybean futures also were lower, hitting a one-month low on pressure from cratering demand for energy amid the coronavirus pandemic. “Anything that had […] Read more
U.S. grains: Chicago wheat stabilizes
Corn steady after lows; soybeans continue to slip
Chicago | Reuters — Chicago wheat futures rose on Friday, as traders wrestled with conflicting signals — from concerns over export demand of U.S. crops to the potential of weather risks. Corn futures edged higher on bargain shopping, consolidating above a 3-1/2 year low this week, while soybeans fell slightly, traders said. The modest gains […] Read more
CBOT weekly outlook: Pandemic drives Chicago prices lower
MarketsFarm — The COVID-19 pandemic has continued to pressure U.S. markets, including the Chicago Board of Trade (CBOT), according to Scott Capinegro, president of Barrington Commodities at Barrington, Ill. “It’s like that movie Groundhog Day. You wake up and it’s the same thing every day,” Capinegro said. There’s a domino effect in the grain industry […] 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
U.S. grains: Wheat firm on Russia export quota plan
Chicago corn ends lower
Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more
USDA’s supply and demand report largely stands pat
MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant USDA’s March […] Read more
Oil price war spells bad news for Canada, global market
MarketsFarm — Benchmark crude oil prices plummeted 30 per cent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, the price war will not bode well for the Canadian economy, according to a pair of industry experts. “We already had the […] Read more
U.S. grains: Soybeans bounce, corn stabilizes
Warm winter, weaker Russian ruble drag on wheat
Chicago | Reuters — U.S. corn futures stabilized on Tuesday and soybean futures firmed in a mild recovery from the prior session’s steep drop on fears about the impact of the coronavirus outbreak. Wheat futures were mixed after posting fresh lows on technical selling and pressure from ample global supplies and stiff competition for U.S. […] Read more
Cyber-Savvy Farmer
