Chicago | Reuters — U.S. wheat futures climbed to a one-month high on Monday on firm domestic cash values and signs of rising global cash prices, traders said. Corn futures followed wheat higher but soybean futures fell, with the benchmark January contract hitting its lowest level in more than two months. Chicago Board of Trade […] Read more
U.S. grains: Wheat hits one-month top on firm cash markets
Global wheat production to decrease, USDA says
MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
Brazil expected to introduce tariff-free wheat import quota from 2020
Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more
U.S. grains: Soy, corn close higher
Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. grains: Soy, corn, wheat firm ahead of USDA monthly data
Chicago | Reuters — U.S. soybean, corn and wheat futures closed higher on Wednesday as traders adjusted positions a day before a monthly U.S. Department of Agriculture (USDA) report in which analysts expect the government to lower its 2019 U.S. yield estimates for corn and soybeans. The report due on Thursday is drawing extra interest […] Read more
U.S. grains: Wheat, corn down on crop conditions, weather
Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely […] Read more
U.S. grains: Wheat gains for fourth week on Russia dryness
Chicago | Reuters — Chicago Board of Trade wheat futures notched a fourth weekly gain on Friday — even after closing the day down 1.27 per cent — as lack of rain in Russia raised concerns over reduced yields in the world’s top exporter of the grain. Support also came from fears of production losses […] Read more
U.S. grains: Corn higher on wet weather forecast
Chicago | Reuters — U.S. corn futures rose about one per cent on Friday as wet weather forecast for the Midwest crop belt prompted short-covering, analysts said, while soybeans fell to multi-month lows. Wheat futures firmed slightly but still recorded a weekly decline as ample global supplies anchored the market. Chicago Board of Trade July […] Read more
U.S. grains: Wheat futures tumble on increasing global supply estimates
Chicago | Reuters — U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 per cent […] Read more
U.S. grains: Soybeans fall after comments on trade talks
Chicago | Reuters — U.S. soybean prices fell on Wednesday after a U.S. trade official said purchase promises were not enough to solve U.S.-China trade issues and that it was too early to predict an outcome to talks between the two countries. Any deal between Washington and Beijing must include a way to ensure commitments […] Read more
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