Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn […] Read more
Tag Archives Corn
U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
U.S. grains: Corn nears four-year high
Chicago | Reuters — U.S. corn futures neared a four-year high on Thursday, buoyed by worries about yield prospects for the delayed crop and firm cash markets, analysts said. Soybeans also advanced as weather worries threatened to curtail U.S. production of the oilseed, and wheat futures followed the firm trend. Chicago Board of Trade July […] Read more
U.S. livestock: CME live cattle futures end lower
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell Thursday for a second straight session, pressured by technical selling and expectations of ample U.S. summertime supplies of cattle and beef, traders said. “We’re still just in the middle of June, and we know we have a big supply coming in,” said Scott Varilek, […] Read more
Planting progress made in most areas of Ontario
Ontario Field Crop Report for the week of June 10
[UPDATED: June 14, 2019] Significant planting progress was made the end of last week and through the weekend as sunshine and warm temperatures dominated for a string of days. Despite the calendar date and reduced yield potential of later planting, many continued to plant corn noting the competitiveness of returns relative to soybeans. Many areas […] Read more
USDA makes some changes to Canadian, world crop estimates
MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
U.S. grains: Corn, soybeans rally as rains threaten more planting problems
Chicago | Reuters — U.S. grain and soybean futures jumped to their highest levels in more than a week on Wednesday as rains threatened to further delay corn and soy plantings and put crop yields at risk. The gains came a day after the U.S. Department of Agriculture (USDA) on Tuesday cited “unprecedented planting delays” […] Read more
CBOT weekly outlook: What happens with corn, will happen to soybeans
MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more
Corn down, soybeans steady in latest U.S. supply/demand report
MarketsFarm — Corn production in the U.S. has been projected to drop by almost nine per cent in 2019, according to the latest world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). The department released its report on June 11, with some notable changes and ‘non-changes’ compared to its May […] Read more
U.S. grains: Corn hits one-week high as USDA cuts yield more than expected
Chicago | Reuters — U.S. corn futures climbed to a one-week high on Tuesday after the U.S. Department of Agriculture (USDA) made a bigger-than-expected cut to its yield estimate due to unprecedented planting delays this spring. USDA, in a monthly report, slashed its corn yield projection by 10 bushels an acre from May, or 5.7 per […] Read more
U.S. grains: Corn seesaws, soy rises on planting uncertainty
Chicago | Reuters — U.S. corn futures veered between gains and losses while soybean futures rose on Monday as planting delays fueled uncertainty over the size of the nation’s crops. Heavy rains delayed plantings the spring and traders remain unsure about how many acres of corn and soy will actually be planted and how much […] Read more
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