CBOT May 2022 corn (green and red candlesticks) with 20-day moving average (yellow line) and December 2022 corn (orange candlesticks). (Barchart)

U.S. grains: Corn climbs on global supply fears

Wheat down on profit-taking; Argentina trucker strike supports soy, corn

Chicago | Reuters — U.S. corn futures hit life-of-contract highs on Thursday, supported by tightening global grain supplies and an uncertain production outlook as the Russia-Ukraine war continued to rattle markets, analysts said. However, trade was choppy and deferred corn contracts finished lower as traders took profits ahead of a three-day holiday weekend. U.S. markets



Argentina farmers warn fuel shortage could hamper harvest

Issue comes as harvest is ongoing and truck traffic is at its annual peak

Reuters – Argentine grains farmers warned April 1 about diesel shortages potentially hitting the ongoing harvest of soybeans and corn, the South American country’s two main crops. Argentina is the world’s largest exporter of soybean oil and meal, and the No. 2 exporter of corn. Harvesting of both crops, which have already been hit by drought and