U.S. grains: Corn, wheat up as weather, currency spark short-covering

Hong Kong row tempers hopes of China demand for U.S. soy

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped on Thursday to a five-week high as a weaker dollar, forecasts for hotter, drier weather in the Midwest corn belt and a further rebound in ethanol production triggered bargain buying and short-covering by managed funds. Wheat futures also rallied on expanding dryness across the Plains wheat belt […] Read more

The USDA forecasts a little more than two billion bushels of U.S. corn carryout in 2019- 20.

Why there’s so much U.S. anxiety over corn

U.S. corn stocks-to-use ratio is expected to inflate to a bloated 29 per cent next crop year, shredding already low prices

Reading Time: 3 minutes Glacier FarmMedia – Corn prices are going to tank in 2020-21, according to a leading agricultural economist from the United States corn belt. Why it matters: The U.S. market sets the base price for corn and many other crops in Canada, although Ontario producers are often buffered by a lower Canadian dollar. The U.S. Department […] Read more

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

Reading Time: < 1 minute MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more

U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed […] Read more

CBOT weekly outlook: Global grain stocks exert pressure

Reading Time: < 1 minute MarketsFarm — A forecast of sizeable global ending stocks is weighing on values at the Chicago Board of Trade (CBOT), according to Terry Reilly, senior commodity analyst for Futures International in Chicago. The U.S. Department of Agriculture (USDA) on Tuesday issued its monthly supply and demand report in which it forecast global corn carryout to […] Read more


Nutrien cuts 2020 forecast as corn demand, potash prices hit

Reading Time: < 1 minute Reuters — Fertilizer maker Nutrien said Wednesday it has seen limited impact from the COVID-19 outbreak, but cut its annual forecast as oil downturn hit corn demand and potash prices are hard-pressed outside North America. Biofuel producers have been hit by plummeting demand for gasoline and jet fuel after severe global travel restrictions were imposed […] Read more


U.S. grains: Soybeans, corn end lower as demand flags

Wheat pressured by improved Northern Hemisphere weather

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures settled lower on Wednesday, as continued weak demand due to the coronavirus epidemic and renewed U.S.-China trade tensions offset support from a flurry of commodity purchases by top importer China. Corn also slipped, following a pullback in crude oil, while wheat eased as beneficial rain for Northern Hemisphere […] Read more


U.S. grains: Corn gains with rising crude, limited by early planting

Soybeans rise on sale to China, despite tariff talk

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures gained on Tuesday, following energy markets higher on hopes of renewed ethanol fuel demand as lockdowns ease, but were capped by ahead-of-schedule planting across the U.S. Midwest, analysts said. Soybeans climbed on confirmation of new sales to China, even as the United States renewed tariff threats over China’s […] Read more

U.S. grains: Soy rises on stronger Brazilian currency

Wheat pressured by rain relief across Europe, export lull

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as plans to ease lockdown measures and a move by U.S. President Donald Trump to keep meat factories open tempered fears about demand destruction caused by the coronavirus epidemic. Wheat futures slid, hitting a one-month low as rains in Europe and the Black […] Read more