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Tag Archives gulf coast

The Mississippi River. (Mark D. Tomer photo courtesy ARS/USDA)
Crops, Markets

U.S. barge backlog swells on parched Mississippi River

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Chicago | Reuters –– Commercial barge traffic on southern stretches of the Mississippi River was at a standstill on Tuesday as low water levels halted shipments of grain, fertilizer and other commodities on the critical waterway, shipping sources said. The supply chain snarl comes just as harvesting of corn and soybeans, the largest U.S. cash […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 100- and 200-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soy jump despite rising harvest as oil, equities gain

Accelerating harvest amid dry U.S. forecast caps gains

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Chicago | Reuters — U.S. corn futures rebounded on Wednesday from four sessions of declines in a technical and fund-buying bounce fueled by rising crude oil and equities markets, more than offsetting seasonal pressure from an accelerating U.S. harvest. Soybean and wheat futures also advanced as global economic jitters eased and the dollar weakened. The […] Read more
CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn eases as harvest progresses

Soybeans climb after reaching three-month low

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Chicago | Reuters — Chicago corn eased for a fourth session on Tuesday as harvest progressed in the U.S., pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment. Wheat tracked corn lower on outside market pressure, while soybeans firmed after a near three-month low on Monday. The most-active corn contract on […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

Favourable weather boosting U.S. corn, soy harvests

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Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week […] Read more
Tropical Storm Nicholas in the Gulf of Mexico on Sept. 14, 2021. (Nesdis.noaa.gov)
Crops, Markets

Some grain terminals restart after Ida as Nicholas rains arrive

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Reuters — Another grain export terminal near Louisiana’s Gulf Coast shuttered for two weeks by Hurricane Ida restarted operations this week even as heavy rains from Tropical Storm Nicholas battered the region on Tuesday. Global grain trader Cargill said it had reopened its Westwego, La. grain export terminal and on Monday unloaded its first grain […] Read more
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans sag on export worries after Ida

Wheat futures follow downward

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Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday, with the benchmark December contract hitting a seven-week low as worries about shipping delays from the U.S. Gulf Coast triggered a round of long liquidation, analysts said. Soybean futures touched a two-month low and wheat followed the weaker trend. Commodity funds […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns

Traders adjust positions on last day of month

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Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf Coast, which accounts for about […] Read more
(Dave Bedard photo)
Crops, Machinery, Markets

Rising diesel prices coming

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MarketsFarm — Higher diesel prices are on the horizon for Canada and the U.S. in 2019. GasBuddy.com senior petroleum analyst Dan McTeague pointed to an increase in overall demand, combined with a slowdown in heavy oil production and the federal carbon tax as well as pending IMO 2020 regulations — that is, the International Marine […] Read more
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops, Machinery

Oil on rail likely won’t interfere with grain movements

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CNS Canada — When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corp. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum president Mark Hemmes. About 80 per cent of Canadian […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops

Fertilizer prices to rise on global production shifts

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CNS Canada — Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International […] Read more

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