Soybean Field

U.S. soy acreage forecast at all-time high despite plentiful stocks

USDA spring report calls for bigger bean planting and falling corn acres

U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, the government said March 31. Growers will dial back their corn seedings this spring despite signs of firm demand as record stocks have cast a bearish tone over the futures and cash markets this year,






(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy rebounds from one-year low

Chicago | Reuters — U.S. soybean futures rose nearly one per cent on Wednesday on bargain buying and short-covering, one day after a U.S. government forecast for record global soy inventories pushed the front contract to its lowest level in a year. Corn futures advanced as traders focused on uncertain planting weather in the U.S.



(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle hit 2-1/2-week highs

Chicago | Reuters — U.S. live cattle futures jumped to a 2-1/2 week peak on Tuesday while lean hogs were mostly higher on support from investment fund buying linked to big gains in wholesale beef prices, traders and analysts said. Most-active Chicago Mercantile Exchange June live cattle futures gained for the fifth straight session, settling


(Photo courtesy United Soybean Board)

U.S. grains: Soy falls to one-year low

Chicago | Reuters — U.S. soybean futures fell to the lowest levels in a year on Tuesday after the U.S. Department of Agriculture raised its estimates of South American crops and domestic soy ending stocks. Corn futures closed modestly lower while wheat ended higher as traders covered short positions. Chicago Board of Trade May soybean

(Dave Clark photo courtesy ARS/USDA)

U.S. grains: Corn firms on short-covering

Chicago | Reuters — U.S. corn futures climbed about two per cent on Monday on short-covering ahead of the Midwest planting season and chart-based buying, analysts said. Wheat futures were also higher on short-covering while soybeans closed almost flat, retreating from early advances. Chicago Board of Trade May corn settled up 7-1/2 cents at $3.67