Chicago | Reuters — U.S. corn futures extended their rally on Friday, jumping to a four-month high, as forecasts of heavy rain sweeping a wide path across the U.S. Midwest next week fuelled concerns about worsening planting delays. Chicago Board of Trade (CBOT) corn prices rose for the fifth session, trading through its 100-day moving […] Read more
Tag Archives Spring Wheat — page 10
U.S. grains: Corn extends rally, wheat touches six-week high
CBOT weekly outlook: Currency, swine fever weigh on prices
MarketsFarm — A strong U.S. dollar and China’s prolonged battle with African swine fever have turned Chicago Board of Trade markets largely bearish. “We’re seeing a slew of positive [economic] news out of the U.S., and a rallying dollar that has been strong for four out of five sessions,” said Terry Reilly, a grains analyst […] Read more
Canadian farmers to reduce canola plantings by seven per cent
Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in a diplomatic and trade dispute […] Read more
U.S. grains: Trade hopes spur gains in soy futures
Chicago | Reuters — U.S. soybean futures firmed for the third time in four sessions on Thursday, supported by a better-than-expected export report and hopes for a trade deal with China, traders said. Corn futures also closed in positive territory, with more rain in the U.S. Midwest sparking fresh concerns about planting delays in key […] Read more
U.S. grains: Spring wheat falls sharply as flood concerns ease
Chicago | Reuters –– U.S. spring wheat futures fell 1.3 per cent to their lowest in nearly nine months on Wednesday as the latest weather forecasts eased fears about flooding in the northern U.S. Plains forcing farmers to cut back on their acreage plans for the crop. Soft red winter wheat futures were 1.6 per […] Read more
U.S. grains: Corn posts steepest drop in nearly three years on USDA reports
Chicago | Reuters –– U.S. corn futures tumbled more than four per cent on Friday in the market’s steepest drop in nearly three years after the U.S. Department of Agriculture (USDA) estimated U.S. stocks and projected spring plantings above nearly all trade estimates. Soybeans and wheat followed corn lower despite USDA’s lower-than-expected soy and spring […] Read more
Heavy North Dakota snows threaten wheat seeding
Chicago | Reuters — A blanket of heavy, wet snow covering most of North Dakota, the top U.S. wheat state, threatens to delay planting of spring wheat in another blow to a U.S. farm belt already facing billions of dollars in damage from flooding. Farmers from Missouri to South Dakota have seen their corn and […] Read more
U.S. grains: Wheat futures plunge to contract lows
Chicago | Reuters — U.S. wheat futures sank 2.7 per cent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals. The weakness in wheat weighed on corn, which notched its fourth straight day of declines and hit […] Read more
U.S. grains: Wheat near limit-up on yield concerns
Chicago | Reuters — U.S. wheat futures surged on Wednesday, supported by concerns about crop shortfalls in key production areas around the globe, traders said. The strength in wheat lifted corn futures to their highest in more than three weeks. Corn also received support from concerns about dry conditions limiting harvest yields in parts of […] Read more
U.S. spring wheat, durum expected to surge
CNS Canada — Data released today from the U.S. National Agricultural Statistics Service showed large expected increases in spring wheat and durum production this year. Spring wheat production in the country, not including durum, is forecast at 614 million bushels, up 48 per cent from 2017. Of that, 584 million bushels, or 95 per cent […] Read more
Cyber-Savvy Farmer
