“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

Irrigation of corn

Comment: Rains crucial for U.S. corn crop

Reuters – Despite a late start, the U.S. corn crop began the growing season in strong health, though that has since declined after several weeks of dry and sometimes hot weather. That does not necessarily mean analysts need to make drastic cuts to yield assumptions, though they might consider that if rains don’t arrive. The


Farmers demanding higher bids from grain dealers could contribute to rising prices at the grocery store.

U.S. farmers look for premium on remaining 2021 crop

Sellers remain stubborn in the U.S., waiting to see what happens

Reuters – American grain buyers will have to boost prices to pry farmers’ corn and soybeans from their bins as growers are already flush with cash and can afford to wait and see if the market rallies. “I assume we are going to have to bid up throughout the summer,” a grain dealer in Ohio

Photo: File

Larger U.S. barley crop expected in 2022

MarketsFarm — Barley production in the U.S. is forecast to be up substantially in 2022, with early indications pointing to the largest crop in seven years. In its latest production estimates, the U.S. Department of Agriculture forecast the country’s 2022 barley crop at 3.8 million tonnes, which would be up from the 2.6 million tonnes


A Mexican port-of-entry sign on Highway 92 near Naco, Arizona. (Rex_Wholster/iStock/Getty Images)

CUSMA leaders to discuss agreement during Mexico visit

Mexico City | Reuters — U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will discuss terms of the Canada-U.S.-Mexico (CUSMA) agreement, which was ratified in 2018, during a visit to Mexico, Mexican President Andres Manuel Lopez Obrador said Monday. “We’ll have a summit to discuss terms of the trade agreement treaty… in Mexico,”

Biden administration putting up US$2.1 billion to strengthen food system

Reuters – The Biden administration plans to spend more than US$2.1 billion in funding to shore up weaknesses in the country’s food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine. U.S. Agriculture Secretary Tom Vilsack will unveil the new funding, designed to enhance competition in food processing


(Qingwa/iStock/Getty Images)

June USDA report includes few changes or surprises

U.S. corn, soybean carryout projections down from May's

MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop




U.S. beef pricing bill on Canadian radar

U.S. beef pricing bill on Canadian radar

The Canadian sector says U.S. packer competition and price discovery are good for cattle producers north of the border

The United States is pondering federal legislation to boost competition among beef packers and improve cattle price discovery, and the Canadian cattle industry is watching closely. “Producers in general, but more specifically cattle and beef producers on both sides of the border, crave better price transparency and price discovery,” Manitoba Beef Producers president Tyler Fulton