Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped two per cent on Monday as rising expectations for harvests in Russia and Australia cast a shadow over already weak demand prospects for U.S. supplies, traders said. “Even though our prices are low, we are still being undersold,” said Al Kluis, managing director of Kluis Commodity Advisors. […] Read more
Tag Archives Corn
U.S. grains: Wheat futures fall on U.S. export woes
Corn, soybeans firm
U.S. sells record amount of corn to China as tensions rise
Reading Time: 2 minutes Chicago | Reuters – Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise. The U.S. Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery in the 2020/21 marketing year. That topped the […] Read more
CBOT weekly outlook: Large corn, soybean crops expected
Reading Time: < 1 minute MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more
VIDEO: Fungicide in corn silage
Field Talk with Michelle Baker: For clean crop, fungicide in corn silage is ideal
Reading Time: < 1 minute In this edition of Field Talk, Farmtario reporter Jennifer Glenney speaks with agronomist Michelle Baker at Millstone Crop Service in Blyth, Ont., about considerations when using fungicides on corn destined for silage. Baker says fungicide in corn silage is beneficial in preventing harsh diseases such as Northern Corn Leaf Blight to maintain a healthy, clean, […] Read more
U.S. grains: Soybeans ease on China tensions
Wheat gains on declining U.S. dollar, export hopes; corn mostly flat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s […] Read more
U.S. grains: China tensions cap soybeans’ gains
Corn prices up slightly on trade optimism; wheat falls back slightly
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more
CBOT weekly outlook: The good and bad between the U.S., China
Reading Time: 2 minutes MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more
U.S. grains: Soybeans gain ground on Chinese buying
Wheat rebounds after technical correction
Reading Time: < 1 minute Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more
U.S. grains: Soybeans trim back on improved crop conditions
Wheat gains on weaker U.S. currency
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more
Amazon deforestation linked to lower corn yields in Brazil, study says
The large mass of forested land helps to moderate temperatures in the country
Reading Time: 2 minutes Reuters – Deforestation of the Brazilian Amazon and neighboring savannah may be hurting regional corn yields, according to a new study. Roughly one-fifth of Brazil’s Amazon has been cleared in the last 50 years, as the country went from being a food importer to a global farming powerhouse. In terms of corn, Brazil is now […] Read more
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