McMillan: USDA area estimates surprise trade

CNSC / The U.S. Department of Agriculture surprised some analysts Wednesday by leaving seeded area estimates unchanged for all U.S. crops. Before the report, a poll of grain analysts by Reuters found expectations were for corn acres to drop 1.5 million acres and soybean acres to rise 700,000 due to seeding difficulties this spring. Over

GRAINS-Corn, soy fall on expectations for U.S. planting progress

* USDA report confirms planting progress despite wet weather * U.S. soy plantings well behind average pace * Traders hope drier weather will open window for planting * Floods stall barge traffic on Mississippi River (Adds closing prices, details on Mississippi River floods) By Tom Polansek CHICAGO, June 4 (Reuters) - Deferred U.S. corn and








U.S. corn prospects threatened as drought lingers in the west

Most of the top corn-producing states in the western half of the Midwest are suffering from much worse drought conditions than a year ago and so are heading into the spring planting season with historically dry soils

Reuters / The recent spell of rain and snow across much of the United States has raised expectations that overall field conditions are recovering from last year’s drought and that the crops planted this spring will get off to a strong start with access to adequate moisture reserves. But despite appearances, the grip of last

Like most American belts, the Corn Belt has expanded too

North Dakota corn acreage has doubled since 2006 and quadrupled since 2001 Reuters / A combination of a long-term warming trend, improved varieties and soaring profits has sparked a “corn boom” in the Northern Plains that might one day turn North and South Dakota into the new Iowa, analysts say. “All you need to do



Lower prices may mean fewer Manitoba corn acres

Farmers in Manitoba may plant fewer acres of corn this spring than anticipated a few weeks ago due to weaker prices. Eldon Dueck, a grain merchant with Linear Grain at Carman, Man., said Manitoba farmers were receiving about $6.70 per bushel for their corn as of Tuesday. “The market has really dropped,” he said. “We