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CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans, wheat gain in commodities rebound

Biofuel worries cap corn

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Chicago | Reuters — U.S. soybean futures firmed on Monday in a modest recovery from last week’s two-month low as crude oil markets rebounded and lifted soyoil prices more than three per cent, traders said. Wheat also gained as the U.S. dollar softened and as weekly export inspections topped trade expectations. Corn was flat to
(iStock/Getty Images)
Hogs, News

Mexico agrees to resume pork shipments from Smithfield plant in U.S.

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Mexico is allowing a Smithfield Foods’ hog plant in North Carolina, the world’s biggest, to resume shipments of pork products after blocking it two months ago over quality concerns, according to the U.S. Department of Agriculture. Smithfield’s plant in Tar Heel, North Carolina, is allowed again to export pork to Mexico that was produced on
CBOT September 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat tumbles on profit-taking off eight-year high

Chicago corn, soy follow

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Chicago | Reuters — U.S. wheat futures fell more than three per cent on Tuesday in a profit-taking setback after the most-active contract reached an 8-1/2-year high last week, traders said. Corn and soybean futures followed wheat lower, with soybeans retreating from early advances despite fresh export sales of U.S. soy. Chicago Board of Trade
CBOT September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Wheat ends mixed, near 8-1/2-year high

Pro Farmer corn, soy tour begins in U.S.

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Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction
(Dave Bedard photo)
Markets

U.S. confirms will boost food stamps by record amount

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Washington | Reuters –– The U.S. Agriculture Department (USDA) on Monday will announce revised nutrition standards dramatically boosting average food stamp benefits, the agency confirmed Sunday. The New York Times first reported the plan to unveil the largest permanent benefits increase in the history of the government’s primary anti-hunger program, saying the change would result
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Slow U.S. corn shipments could pressure supply forecasts

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Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S.
North Dakota spring wheat crop slashed by drought
Cereals, News

North Dakota spring wheat crop slashed by drought

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Reuters – The average spring wheat yield in North Dakota, the U.S.’s top producing state for the crop, was estimated at 29.1 bushels per acre on July 29 by the annual Wheat Quality Council tour. It is the lowest on record going back to 1993 due to a severe drought in the northern Plains. The

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