Chicago | Reuters — Chicago Board of Trade soybean, wheat and corn futures firmed on Friday, with all three commodities recovering from declines posted during the overnight trading session. The strength in soybeans stemmed from signs that demand for U.S. supplies remains strong even with newly harvested soybeans from South America available on the marketplace. […] Read more
U.S. grains: Soybean futures rise on export strength
Corn, wheat also strong
Mainland U.S. moving to resume P.E.I. potato imports
P.E.I. growers get 'certainty' for spring planting, Bibeau says
Exports of fresh potatoes from Prince Edward Island to the mainland U.S. are expected to resume “soon” as U.S. officials move to put new rules in place for such shipments. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said Thursday that Canada “is expected to soon resume exporting (P.E.I.) table stock […] Read more
USDA opens inquiry into fertilizer, seed prices
Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply chain problems and inflation have […] Read more
U.S. grains: Wheat futures limit down as USDA cuts exports
Corn pressured by oil prices, soybeans pare gains
Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of […] Read more
Early USDA forecast points to record-large 2022 soybean crop
MarketsFarm — Farmers in the U.S. could grow a record-large soybean crop in 2022, according to early predictions from the U.S. Department of Agriculture released at their annual Agricultural Outlook Forum (AOF) on Thursday. The government agency forecast soybean plantings in the country at 88 million acres, which would be up by 800,000 from the […] Read more
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
Second Nova Scotia poultry operation hit with avian flu
U.S. also books outbreaks in two states
A second farm in western Nova Scotia has been hit with highly pathogenic avian influenza in commercial birds, further expanding containment measures in that province. The Canadian Food Inspection Agency said Monday it confirmed high-path H5N1 on Wednesday last week in birds at a mixed farm in the area, where operations include poultry and poultry […] Read more
U.S. grains: Corn, soy futures set eight-month highs
USDA lowers South America corn, soy crop estimates
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes, […] Read more
P.E.I. potato exports cleared for Puerto Rico
U.S. territory has no commercial potato production
A U.S. territory with an appetite for Canadian potatoes and no commercial potato production to speak of will be able to resume imports of table stock potatoes from Prince Edward Island starting Wednesday. The resumption of exports to Puerto Rico, announced Tuesday, is a spot of good news for the province’s potato sector. Export certificates […] Read more
U.S. grains: Soybeans dip ahead of USDA report
Wheat underpinned by U.S. dryness
Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago […] Read more