Chicago | Reuters — U.S. wheat futures climbed to their highest in more than a week after the U.S. Department of Agriculture (USDA) lowered its forecast of global wheat production in a monthly supply and demand report on Thursday. Corn and soybeans followed the firm trend in wheat. Chicago Board of Trade September wheat settled […] Read more
U.S. grains: Wheat hits one-week top after USDA report
ICE weekly outlook: Not much faith in USDA’s WASDE
MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
Canola export forecast raised for 2019-20
MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more
U.S. delays key agriculture reports due to government shutdown
Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more
U.S. livestock: Cattle futures rise on cut in beef production estimate
Chicago | Reuters — U.S. cattle futures rose on Thursday after the U.S. Department of Agriculture trimmed its forecast for how much beef the nation will produce this year. In a monthly supply and demand report, USDA pegged 2018 beef output at 26.9 billion pounds, down 0.6 per cent from its September estimate. The agency […] Read more
U.S. grains: Wheat sinks on technical selling, stronger U.S. dollar
Chicago | Reuters — U.S. wheat futures fell more than one per cent on Monday on technical selling and as a stronger dollar created a headwind for U.S. exports of the grain, which are already struggling to compete in the global marketplace. Corn futures eased on Monday after two straight sessions of gains while soybeans […] Read more
U.S. grains: Wheat, soy drop in technical sell-off
Chicago | Reuters — Chicago wheat and soybean futures fell sharply on Friday in a technical sell-off following U.S. government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said. Wheat declined to a 1-1/2-week low and soy dropped 2.5 per cent, while corn futures were down about 0.7 per […] Read more
U.S. grains: Wheat, soybeans firm
Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more
U.S. grains: Soy, corn futures about flat
Chicago | Reuters — U.S. grain and soy futures were about flat on Thursday in largely technical-driven trading as investors awaited supply and demand estimates from an annual U.S. Department of Agriculture forum due early on Friday. USDA on Thursday predicted U.S. plantings of corn and soybeans at 90 million acres each and wheat slightly […] Read more
USDA lowers U.S. corn stocks view as exports rise
Washington | Reuters — Surging export demand for U.S. corn will cut into domestic stockpiles of the grain by more than expected, the U.S. Agriculture Department said on Thursday. But U.S. soybean stocks were forecast to rise as a bumper harvest in Brazil will allow overseas buyers to source their oilseed purchases from the South […] Read more
Cyber-Savvy Farmer
