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Crops, Markets

June USDA report includes few changes or surprises

U.S. corn, soybean carryout projections down from May's

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MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
CBOT July 2022 wheat (candlesticks) with 20-day moving average (light green line) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)
Crops, Markets

U.S. grains: Wheat firms after earlier slide

Corn struggles to regain; soy firm

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Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol […] Read more
CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat firm as worries about global supplies remain

Corn retreats, soybeans also firm

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Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
CBOT July 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat limit up on India’s export ban

CBOT corn, soybeans also higher

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Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)
Crops, Markets

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

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Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more
File photo of a wheat field in India. (Sahil Ghosh/iStock/Getty Images)
Crops, Markets

India sells record 1.4 million tonnes of wheat in April

Sales surge on unavailability of Black Sea supplies

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New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second […] Read more
CBOT July 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans ease on expected planting progress

Weather in U.S., India, France adds to Ukraine wheat supply fears

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Chicago | Reuters — Chicago soybean futures fell on Monday to five-week lows as warmer U.S. weather expedited planting progress, deflating fears of added soybean acres and further cuts to corn plantings, traders said. Wheat remained underpinned by dry conditions in the U.S. and French growing belts, reinforcing global supply concerns. The most-active Chicago Board […] Read more
CBOT July 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat climbs on new global supply concerns

Corn pressured by hopes of planting progress

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Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more

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