CBOT September 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX September 2022 spring wheat (yellow line) and K.C. September 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Corn, wheat futures extend gains on crop risks

Wheat market also weighs prospects for more Ukraine exports

Chicago | Reuters — Chicago Board of Trade corn and wheat futures rose on Wednesday, as hot, dry weather in parts of the U.S. and Europe kept attention on harvest risks, while soybeans settled lower after notching contract highs. Traders also adjusted positions ahead of the U.S. Department of Agriculture’s (USDA) monthly supply and demand




Ukraine’s first outbound corn cargo refused by buyer

Buyer cites months of delay, embassy says

Istanbul | Reuters — The Razoni, the first ship to depart Ukraine under a U.N.-brokered deal, is looking for another port to unload its grain cargo as the initial Lebanese buyer refused delivery citing a more than five-month delay, Ukraine’s embassy in Lebanon said Monday. “According to the information provided by the shipper of the


CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: Corn, soybeans slip after Midwest rains

Traders looking ahead to USDA report on Friday

Chicago | Reuters — U.S. corn and soybean futures eased on Monday as improved weather in parts of the U.S. Midwest’s farm belt boosted harvest prospects for crops stressed recently by high temperatures and dryness. Chicago Board of Trade wheat firmed as the dollar softened, although gains were limited by improving prospects for exports from




“This very hot and dry forecast is coming in right at the time when beans don’t need it.” – Craig VanDyke, Top Third Ag Marketing

Heat stress raises questions on U.S. corn, soybeans

Stifling heat in the Midwest has pressured markets up

Reuters – Chicago soybeans rallied July 29 and were set for their biggest weekly rise in 22 years, as forecasts of hot and dry weather in the U.S. Midwest raised supply concerns and strong soymeal demand added support. Corn was also on track for its biggest weekly gain in nearly five months, while wheat was



Photo: File

Manitoba crops variable: report

MarketsFarm – Crop development was highly variable across Manitoba during the week ended Aug. 2 depending on localized rainfall and drainage, with fields in the southern growing areas of the province generally better than those to the north, according to the latest report from Manitoba Agriculture. Localized insect concerns were reported, with some spraying required.