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CBOT September 2019 wheat with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets

U.S. grains: Wheat hits one-week top after USDA report

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Chicago | Reuters — U.S. wheat futures climbed to their highest in more than a week after the U.S. Department of Agriculture (USDA) lowered its forecast of global wheat production in a monthly supply and demand report on Thursday. Corn and soybeans followed the firm trend in wheat. Chicago Board of Trade September wheat settled […] Read more
CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: World wheat output seen lower than expected

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MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Not much faith in USDA’s WASDE

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MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
CBOT September 2019 soybeans (candlesticks) compared to September corn (line). (Barchart)
Crops, Markets

CBOT weekly outlook: USDA report leaves trade unsteady

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MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA makes some changes to Canadian, world crop estimates

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MarketsFarm — Corn planting in Canada has been a struggle this year much like for farmers in the U.S., according to Tuesday’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). USDA’s May WASDE report estimated Canadian corn production at 15.4 million tonnes, but wet conditions in Eastern Canada saw […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA raises corn stocks projections, lowers soybeans

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MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture came largely in line with expectations, with larger U.S. and world corn and wheat stocks and slight downward revisions to soybean carryout numbers. Expected U.S. corn ending stocks for the current marketing year were raised by 200 million bushels, to 2.035 billion bushels, in […] Read more

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