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Tag Archives USDA


(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Corn, soy rise in turnaround from 3-year lows in nearby futures

US grain exports face competition from South America

By Reuters, Tom Polansek, GFM Network News February 26, 2024
Chicago | Reuters -- U.S. corn and soybean futures bounced on short-covering on Monday, after large supplies earlier knocked nearby contracts to their lowest levels in more than three years, traders said.

Photo: Thinkstock
Markets, Reuters

U.S. grains: Corn and soybeans slump on supply glut, export competition

Wheat futures weaken as U.S. files sanctions against Russia

By P.J. Huffstutter, Reuters, GFM Network News February 23, 2024
Chicago Board of Trade corn futures on Friday dipped below $4 per bushel in the front-month contract Cc1 for the first time since November 2020, as hefty U.S. and global supplies weighed over the market.


(Sierrarat/iStock/Getty Images)
General, Livestock

Canadian cattle herd reaches lowest level since 1989

Cattle weights supporting decline in production

By Geralyn Wichers, GFM Network News February 23, 2024
On January 1, Canadian farmers held 11.1 million cattle and calves on farms, down 2.1 per cent from a year prior, StatCan said in livestock estimates released today. It's the smallest cattle herd since January 1, 1989. 

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Corn, soy hit multi-year lows as South American supply fears wane

Rising stockpiles, falling Chinese demand spurred massive short in corn, soy

By Julie Ingwersen, Reuters, GFM Network News February 23, 2024
U.S. corn and soybean futures fell to three-year lows on Thursday, dragged down by expectations of ample South American harvests and rising stockpiles at a time of uncertain demand, analysts said.


(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Corn slides to three-year low near $4 a bushel on ample supplies

Soybeans followed corn lower; wheat ended mostly weaker

By Julie Ingwersen, Reuters, GFM Network News February 21, 2024
Chicago | Reuters -- U.S. corn futures fell to three-year lows on Wednesday, nearing $4 a bushel as ample domestic grain supplies and strong South American crop prospects weighed on sentiment, analysts said.

Photo: JJ Gouin/iStock/Getty Images Plus
Markets, Reuters

U.S. grains: Soy futures rebound as corn sets new three-year lows

Soybean market oversold, analyst says

By Reuters, Tom Polansek, GFM Network News February 16, 2024
Chicago Board of Trade soybean futures jumped on Friday on short covering before a long weekend, a day after slumping to a three-year low, analysts said.


Photo: Scharfsinn86/Getty Images
Markets

Prairie wheat weekly outlook: Weaker U.S. futures drag Western Canadian wheat bids

Cheaper Russian wheat exports also dragged global wheat prices down

By Adam Peleshaty - MarketsFarm, GFM Network News February 16, 2024
United States wheat futures hit new contract lows and pressured Western Canadian wheat bids during the week ended Feb. 15.

Poland is trying to move Ukraine grain by rail due to Russia’s blockade of Ukrainian sea ports on the Black Sea.  Photo: IanChrisGraham/iStock/Getty Images
Markets

U.S. corn, soybean, wheat yields to rise in 2024/25

More soybean acres; corn and wheat area to drop

By Glen Hallick Marketsfarm, GFM Network News February 16, 2024
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.


Photo: Getty Images
Markets, Reuters

U.S. grains: Corn, soy futures set new three-year lows as US forecasts hefty supplies

U.S. soybean crushings dropped more than expected from a record high

By Reuters, Tom Polansek, GFM Network News February 15, 2024
U.S. forecasts for increasing crop inventories on Thursday drove corn and soybean futures to their lowest prices in more than three years as traders remained worried about strength of demand.

Photo: John Deere
Machinery, Reuters

Deere cuts 2024 profit view as borrowing costs hurt demand

Executives expressed caution about margin performance amid weakening farm economy

By Bianca Flowers, Reuters, Shivansh Tiwary, GFM Network News February 15, 2024
Deere & Co cut its 2024 profit forecast on Thursday as farmers remained hesitant about big-ticket equipment purchases due to high borrowing rates and falling crop prices, even as its first-quarter sales and profit topped Wall Street estimates.


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