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File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets, Weather

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

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MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of
CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)
Crops, Markets

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

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Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports.
CBOT March 2023 soft red winter wheat with Bollinger bands (20,2), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat strong on concerns about Ukraine, Russian exports

Chicago corn, soy futures rise

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Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat
German plans to end crop-based biofuels would hit farmers
Markets, News

German plans to end crop-based biofuels would hit farmers

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Any German government plans to stop crop-based biofuel production would severely hit farmers and cut rapeseed output, Thomas Mielke, CEO of Hamburg-based oilseeds analysts Oil World said Feb. 1. Smaller crushings of oilseeds in Germany would lead to a widening of the domestic protein deficit for animal feed and require increased imports of soybeans and
CBOT March 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soybean futures fall

U.S. export sales data in focus

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Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina
Markets, News

Argentina’s grain export revenue plunges in January

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Argentina’s revenue from exports of grain, oilseeds and their derivatives plummeted 61 per cent in January from a year ago, exporters and crushers chamber CIARA-CEC said Feb. 1, in a setback as the country tries to refill foreign currency reserves. Exports totaled US$928.37 million in the first month of the year, also falling 75 per
Corn is harvested on the Roksana-K farm, Vinnytsia, west-central Ukraine.
Farmit Manitoba, News

From Ukraine: The song of winter corn

As a mild winter lets farmers harvest corn, spring is just around the corner

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Have you ever seen combines in the middle of January going into a field? And behind them – huge disc harrows.  It’s no wonder that this year Ukrainian farmers use some warm days in the middle of winter to harvest corn. After almost a year of war, thousands of combine harvesters were destroyed or stolen
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Latest USDA adjustments do little to move market

Selling pressure short-lived after report

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MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for
ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

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MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Weather

U.S. grains: Chicago wheat, corn, soy firm on WASDE report

South America's weather drags on competing exports

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Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2

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