Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on expectations of rapid harvest progress this week and a slowdown in demand from China, a big […] Read more
Tag Archives stocks
U.S. grains: Corn, soy ease as harvest advances
USDA quarterly stocks data awaited
AAFC lowers wheat carryout estimate, raises canola
MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
MarketsFarm — Seasonal harvest pressure may weigh on soybean and corn futures at the Chicago Board of Trade over the next month, but there is also still good support on […] Read more
StatsCan stocks report shows lower lentils, durum, canola
Lentil supply picture 'extremely tight'
MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down […] Read more
After blast, Lebanon has less than a month’s grain reserves
Beirut port silos had capacity for 120,000 tonnes; about 15,000 tonnes were stored at time of blast
Beirut/Dubai | Reuters — Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough […] Read more
U.S. grains: Corn, wheat end higher ahead of USDA reports
Chicago soy also firms; expectations of bumper harvests keep lid on prices
Chicago | Reuters — Chicago corn futures rose on Monday on short-covering and position-squaring ahead of key reports due on Tuesday from the U.S. Department of Agriculture (USDA), and word […] Read more
CBOT weekly outlook: Corn, soy in ‘Groundhog Day’ mode ahead of report
Traders expect report to show more U.S. soy acres, less corn area
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade are biding their time in narrow, rangebound trade, awaiting updated acreage and stocks data from the U.S. Department […] Read more
Feed weekly outlook: Lower stocks support grain prices
Corn still 'competitively' priced
MarketsFarm — Feed grain prices in Western Canada have been strong lately, as old-crop supplies reach seasonal lows. “We’re getting to the bottom of old-crop stocks,” said Allen Pirness of […] Read more
U.S. grains: Soybeans gain on hope of continued China purchasing
USDA hiked world wheat stocks to record high; corn gains after ethanol demand cut less than expected
Chicago | Reuters — Chicago soybean futures rallied late on Friday as hopes of continued U.S. exports to top-importer China supported prices. Wheat futures rebounded after touching a three-week low […] Read more
CBOT weekly outlook: WASDE largely neutral for soy, corn
MarketsFarm — The world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) had a “benign effect” on the Chicago Board of Trade (CBOT), according to […] Read more