Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
U.S. grains: Soy, corn futures hit June highs
USDA cuts domestic harvest estimates
Production, ending stocks down for U.S. corn, soybeans
Worldwide soy, corn stocks also revised lower
MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
U.S. grains: Corn, soy, wheat rally ahead of USDA report next week
Fresh uncertainty about Ukrainian grain exports raises concerns
Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more
CBOT weekly outlook: More acres, smaller yields anticipated in U.S.
MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
U.S. grains: Corn hits two-month high on heat, dryness concerns
Soybeans ease as crop tour sees large U.S. harvest
Chicago | Reuters — Chicago Board of Trade corn futures set a two-month high on Monday after a U.S. crop tour last week found damage from hot, dry weather and organizers projected harvests would fall short of government estimates. Wheat futures rallied to their highest level in about seven weeks, while soybeans fell after the […] Read more
U.S. grains: Corn up on crop tour’s lowered expectations
Hot, dry weather seen limiting U.S. corn, soy yields
Chicago | Reuters — Chicago Board of Trade corn and soybean futures jumped on Friday on concerns about hot and dry weather reducing U.S. yields, analysts said. After the close of trading, advisory service Pro Farmer projected a U.S. corn harvest of 13.759 billion bushels, which would be the smallest since 2019 and below government […] Read more
CBOT weekly outlook: Crop tour raises concerns for corn, soy
MarketsFarm — Reduced corn yields and a lower amount of soybean pods compared to the last few years were two major findings by the Pro Farmer Midwest Crop Tour, which started on Tuesday and ends Friday. In turn, prices for both crops on the Chicago Board of Trade (CBOT) have sharply risen over the past […] Read more
CBOT weekly outlook: Crop prices soften after USDA report release
MarketsFarm — An unexpectedly bearish supply/demand report from the U.S. Department of Agriculture (USDA) last Friday is still putting pressure on crop prices nearly a week later, according to one trader. In the department’s WASDE report, the estimated average yield for corn was revised downward from the month before by only 1.6 bushels per acre […] Read more
U.S. grains: Grains fall on weather, Ukrainian exports
Concerns over Chinese economic growth weigh on soybeans, corn
Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81 […] Read more
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