Chicago | Reuters — U.S. wheat futures spiked by their daily trading limit on Thursday to their highest since mid-2012 and corn futures touched eight-month peaks after Russian forces attacked Ukraine, exacerbating worries over global grain supplies. Soyoil futures notched an all-time high on concerns about global vegetable oil supplies amid conflict in the major […] Read more
U.S. grains: Wheat limit up after Russia invades Ukraine
Soyoil futures hit all-time high on vegoil supply concerns
CBOT weekly outlook: Russia-Ukraine tensions fuelling rallies
MarketsFarm — Russia’s incursion into Ukrainian territory, which has intensified an already tense standoff between Russia and the West, has had a bullish effect for grain prices on the Chicago Board of Trade (CBOT) during the week ended Tuesday, according to Scott Capinegro of Barrington Commodity Brokers at Lake Barrington, Ill. The March corn contract […] Read more
With fertilizer costs high and seed scarce, U.S. farmers turn to soy
'These prices are just crazy'
Chicago | Reuters — North Dakota farmer Jennifer Meyer typically devotes at least 20 per cent of her 2,500-acre farm to corn, which provides a convenient feed for the cattle she raises with her husband. But this year she is looking to find another crop for those 500 acres near Wilton as she has been […] Read more
U.S. grains: Rising Russia-Ukraine tensions stoke rallies
Most-active CBOT wheat books biggest daily jump in 3-1/2 years
Chicago | Reuters — Chicago Board of Trade wheat futures surged six per cent on Tuesday in the steepest daily jump in 3-1/2 years while corn rallied three per cent on worries that an escalating conflict between Russia and Ukraine could disrupt grain flows from the key Black Sea export region. Soybeans climbed to a […] Read more
Nutrien takes cautious potash approach as rival copes with sanctions
Winnipeg | Reuters — Canada’s Nutrien, the world’s biggest fertilizer company, is bumping up potash production as sanctions restrict its rival in Belarus, but is holding off on bigger expansion, its interim CEO said on Thursday. Potash prices have climbed to decade highs as state-owned Belaruskali, the second-largest producer after Nutrien, copes with U.S. and […] Read more
U.S. grains: Wheat rises on Ukraine-Russia tensions
Corn, soybean futures end firm
Chicago | Reuters — U.S. wheat futures rose 2.2 per cent on Thursday, supported by rising tensions between Ukraine and Russia and expectations that war between the two export countries could improve demand for U.S. supplies, traders said. Soybeans and corn futures closed in positive territory after trading both sides of unchanged, with concerns about […] Read more
Gasoline, diesel prices set to continue rising
MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more
CBOT weekly outlook: Russia-Ukraine conflict causes wheat market volatility
MarketsFarm — Conflicting reports and accounts from the ongoing geopolitical tensions between Russia and Ukraine have had an effect on the markets, especially on the Chicago Board of Trade (CBOT), over the past week. The March Chicago wheat contract had ranged from $7.65 to $8.15 per bushel during the week, but lack of precipitation in […] Read more
CBOT weekly outlook: Soybeans at US$16 possible, trader says
MarketsFarm — Prices for soybeans and corn at the Chicago Board of Trade (CBOT) could push higher in the coming weeks, should South America remain dry, according to Bryan Strommen of Progressive Ag at Fargo, N.D. More and more estimates on soybean production in Brazil have been projecting a much smaller harvest than initially hoped […] Read more
U.S. grains: Soybeans up as Brazil crop estimates shrink
Corn, wheat futures rise
Chicago | Reuters — U.S. soybean futures rose to a seven-month high Tuesday on fears that a smaller-than-expected Brazilian harvest will tighten global soy stocks and steer export demand to U.S. supplies, analysts said. Corn futures followed soybeans higher and wheat firmed on bargain-buying after a three per cent dip a day earlier. The grains […] Read more
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