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Weather extremes trim EU 2023-24 grain prospects

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Reuters – Europe’s grain crop is expected to drop due to wildly ranging growing conditions, according to an Aug. 2 report by the U.S. Department of Agriculture’s Foreign Agricultural Service post in Madrid, Spain. The agency reported that the bloc has suffered “weather conditions ranging from excessive heat to cooler-than-average temperatures, and from drought to[...]
News, Weather

U.S. winter wheat farmers plant into dust

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Reuters – With planting roughly halfway complete, as of Oct. 17, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. Planting plans may be scaled back in the U.S. breadbasket despite historically high prices for this time of year, reflecting[...]

U.S. grains: Corn, soy slide as Midwest rain outlook improves

Chicago | Reuters -- U.S. new-crop corn and soybean futures fell on Tuesday to their lowest in more than a week, pressured by forecasts for much-needed rains in the Midwest where crops have been deteriorating under dry conditions, analysts said. Wheat futures tumbled more than five per cent as worries subsided about political instability in[...]

U.S. grains: Corn, soy rally as focus returns to weather, dollar

Chicago | Reuters -- U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as[...]

U.S. grains: Corn, soy, wheat set multi-month highs on weather worries

Chicago | Reuters -- U.S. corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying ahead of a three-day holiday weekend, analysts said. "We have an issue here in the[...]

U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains

Chicago | Reuters -- U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of Trade March soybeans settled down[...]

U.S. grains: Soy, corn sag on South American weather outlooks

Chicago | Reuters -- U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade[...]

U.S. livestock: Cattle, hog futures up on hot spell, firm meat prices

Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures rose on Monday on spillover strength from outside markets including Wall Street, as well as firm wholesale beef prices and worries about hot weather stressing cattle in the Plains and Midwest, traders said. CME August live cattle futures settled up 0.7 cent at 135.625 cents/lb.,[...]

U.S. grains: Corn, soy, wheat up on broad commodity strength

Chicago | Reuters -- U.S. corn, soybeans and wheat futures rose on Monday in response to worries about potentially stressful hot weather in the Midwest and Europe, coupled with bullish sentiment in crude oil and a weaker dollar, analysts said. Chicago Board of Trade benchmark December corn settled up seven cents at $6.10-3/4 per bushel,[...]

U.S. grains: Soy, corn futures ease on improving weather

Chicago | Reuters -- U.S. soybean and corn futures fell on Wednesday on forecasts for improving weather in the Midwest, including rains next week that should boost crop production prospects, analysts said. Wheat futures rose as traders awaited the outcome of Egyptian wheat purchase negotiations, as well as talks on a possible deal to boost[...]

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