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CBOT July 2020 corn with 20- and 50-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Corn trims gains on technical selling

Wheat slides as harvests face decreased demand; soybeans drop on down meal market

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Chicago | Reuters — Chicago corn futures ended slightly lower on Tuesday after a day of positive trading after the U.S. Department of Agriculture (USDA) reported decreased crop conditions due to recent hot weather across the western corn belt. Wheat slid as winter harvests continue, while soybeans remained lower as weak soymeal trade overwhelmed gains
CBOT July 2020 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans fall on crop development

Wheat lifts on short-covering

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Chicago | Reuters — Chicago soybean futures slid on Monday on reports of healthy crop development across much of the U.S. Midwest, as concerns about a potential bumper crop cooled market enthusiasm over recent strong Chinese demand. Private exporters reported the sale of 390,000 tonnes of soybeans to China for delivery in the 2020-21 marketing
Federal Agriculture Minister Marie-Claude Bibeau and Conservative ag critic John Barlow discussed the impact of carbon pricing on farm expenses when Bibeau addressed an agriculture committee meeting on June 10, 2020. (Video screengrabs from Parl.gc.ca)
Crops

Carbon pricing not having ‘significant impact’ on grain drying, Bibeau says

Conservatives, ag groups dispute government's numbers

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Ottawa — Grain drying costs an average of $210 to $819 per farm in carbon taxes, according to federal Agriculture Minister Marie-Claude Bibeau. Her department used data provided by grower groups – including Manitoba’s Keystone Agricultural Producers (KAP) and the Agricultural Producers Association of Saskatchewan (APAS) – to arrive at the figures. The federal estimate
CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans gain on hope of continued China purchasing

USDA hiked world wheat stocks to record high; corn gains after ethanol demand cut less than expected

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Chicago | Reuters — Chicago soybean futures rallied late on Friday as hopes of continued U.S. exports to top-importer China supported prices. Wheat futures rebounded after touching a three-week low at the Chicago Board of Trade earlier in the session, as the U.S. government’s forecast for a record world wheat stock added supply pressure. Corn
(Lisa Guenther photo)
Crops, Markets

CBOT weekly outlook: WASDE largely neutral for soy, corn

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MarketsFarm — The world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) had a “benign effect” on the Chicago Board of Trade (CBOT), according to one trader. That’s mainly because U.S. production estimates for corn, wheat, and soybeans were largely unchanged. The U.S. soybean production estimate for 2020-21 was unchanged
CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat declines as USDA estimates record global stocks

Corn gains on ethanol estimates; soybean traders eye Chinese demand

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Chicago | Reuters — Chicago wheat futures slid on Thursday after the U.S. Department of Agriculture estimated global stocks were at a record high in its monthly supply and demand report, traders said. Soybean futures ended nearly unchanged as the USDA lowered export expectations, even after recent purchases from China supported prices. Corn advanced as
CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans gain on China demand

Improved U.S. rating lifts expectations for bumper corn crop; wheat up on pre-report positioning

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Chicago | Reuters — Chicago soybean futures gained on Wednesday, supported by solid demand from the world’s biggest importer, China, while corn edged lower on strong crop conditions. Wheat inched higher after falling for three consecutive sessions, but advances remained capped by a progressing winter wheat harvest in the U.S. southern Plains. Traders positioned ahead
File photo of a bridge over the Yalu River boundary between China and North Korea. (Tarzan9280/iStock/Getty Images)
Other

U.N. expert says ‘some are starving’ in North Korea

Estimated 40 per cent of North Koreans need humanitarian aid, WFP says

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Geneva | Reuters — A United Nations human rights expert voiced alarm on Tuesday at “widespread food shortages and malnutrition” in North Korea, made worse by a nearly five-month border closure with China and strict quarantine measures against COVID-19. Tomas Ojea Quintana, U.N. special rapporteur on human rights in the Democratic People’s Republic of Korea,
CBOT July 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans pare losses as China buys more

U.S. wheat harvest gathering pace

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Chicago | Reuters — Chicago soybean futures pared losses on Tuesday as traders said that China was purchasing more U.S. soy, after the market slumped earlier on improved crop progress outlooks. Chicago wheat and corn fell on the U.S. Department of Agriculture’s assessment of crop conditions, which analysts viewed as bearish, and a favourable weather

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