Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Thursday, pressured by a round of profit-taking and some weather outlooks that called for relief to drought-stricken crops in the U.S. Midwest, traders said. “The markets have obviously been overbought on the run-up here on weather,” said Mark Soderberg, grains research […] Read more
Corn
U.S. grains: Soy, corn down off multi-month highs
CBOT winter wheat firm
U.S. to boost biofuel mandates over next three years
Biofuel groups still feel shortchanged
Reuters — The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the United States’ fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S. Environmental Protection Agency has finalized […] Read more
Supply a proper feeding program for replacement heifers
It takes proper management and feed investment to raise calves to the milking age
Since growing replacement heifers don’t generate any income until they enter the lactation barn, it’s important to set up a well-balanced feeding program that matches their nutrient requirements.
CBOT weekly outlook: Weather fuels rallies in grain prices
Rains expected in U.S. Plains states
MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns
Meteorologists 'pretty much threw in the towel'
Chicago | Reuters — U.S. corn, soybean and wheat futures rose to multi-month highs on Wednesday, supported by concerns about crop shortfalls around the globe due to adverse weather in key production areas. “Listening to the meteorologists this morning, they pretty much threw in the towel on any moisture for the dry areas of the […] Read more
U.S. livestock: Feeder cattle down as corn extends rally
Hogs end lower off early gains
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures eased on Wednesday, with surging corn prices expected to boost feeding costs in the coming weeks, traders said. But live cattle contracts were close to unchanged. Hog futures fell from a nine-month high on a round of profit-taking, with the most-active August contract snapping a […] Read more
U.S. grains: Soy, corn futures steady; wheat mixed
Large Russian exports tempered fears of Black Sea corridor agreement breakdown
Chicago | Reuters — U.S. corn and soybean futures steadied on Tuesday after the market rallied sharply at the end of last week on concerns that hot and dry weather will lead to harvest shortfalls. The market remained underpinned by the most recent forecasts, which remained unfavourable for key growing areas of the U.S. Midwest, […] Read more
Mexican president moves to prioritize domestic corn for tortillas
Mexico is embroiled in a dispute with the U.S. over decree to limit use of GM corn
Mexico City | Reuters — Mexico’s president announced on Monday he will sign an agreement this week with makers of the country’s food staple tortillas that ensures they only use non-genetically modified (GM) white corn while also setting new tariffs on imports of the grain. Tariffs on white corn imports from countries that do not […] Read more
U.S. grains: Corn, soy, wheat set multi-month highs on weather worries
U.S. markets closed Monday for Juneteenth
Chicago | Reuters — U.S. corn, soybean and wheat futures all closed higher on Friday and all set multi-month highs during the session as worries about stressful dry conditions in key portions of the Midwest prompted a flurry of buying ahead of a three-day holiday weekend, analysts said. “We have an issue here in the […] Read more
Feed weekly outlook: Prices, shipments steady as dryness continues
Drought 'priced into the market already'
MarketsFarm — Demand for feed grains at Alberta feedlots continues unabated as more corn from the United States makes its way into the province. “Demand at feedlots has been status quo. Feedlots are buying imported U.S. corn and DDGS. Along with that, there is also barley and feed wheat. They are getting enough supplies right […] Read more
Cyber-Savvy Farmer
