Latest USDA supply-demand report delivers few surprises in key commodities

The U.S. Agriculture Department delivered few surprises in its monthly crop and world agricultural supply-demand reports, keeping U.S. corn and soybean supplies tight but raising global soybean and wheat stockpiles from a month ago. The Argentine soybean and corn crops were both lowered by drought, USDA said. Projected soybean output was trimmed by three per






High costs expected to bite into U.S. farm profit

The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government projected Feb. 11. The U.S. Agriculture Department said farm income would soar to a record $127.6 billion this year, up


U.S. farmers may turn to soybeans and away from corn

Reuters / The so-called battle for acres on U.S. farmland heated up last month when soybean prices rallied to a six-month high against corn, which could be a catalyst for increased soy production. New-crop November Chicago Board of Trade soybeans gained more than 55 cents on December corn, solidifying some farmers’ decision to boost their

Crushers aim to coax canola from farmers’ bins

Canola futures on the ICE Futures Canada platform continued their slow trek to higher ground during the week ended Jan. 18, with strong demand from the domestic and export sectors fuelling the rally. Some spillover from the gains in Chicago soybeans contributed to the strength. Concerns about tight canola ending stocks further lifted the commodity.