Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.
Corn
U.S. grains: Corn, soy futures rise on technical trading, weather questions
U.S. grains: Corn tumbles to contract lows on additional US corn acres
Chicago September corn CU24 plunged on Friday to contract lows after U.S. Department of Agriculture data showed far more acres planted with the grain than expected due to favorable spring weather.
U.S. corn acres, grain stocks higher than expected
The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
U.S. grains: Wheat rallies on strong demand ahead of acreage report
Chicago wheat futures surged on Thursday, recovering from a string of retreats on bargain buying and strong export demand, analysts said.
Feed Grains Weekly: ‘Going to be a lot of grain’ says broker
Feed grain prices took a sharp drop across most of the Canadian Prairies during the week of June 24, as a broker pointed to the potential for good crops this year as the reason why.
Canadian farmers plant more canola, less wheat than early intentions
Canadian farmers planted more canola and less wheat than originally intended, according to updated acreage estimates from Statistics Canada, released June 27.
U.S. grains: Wheat holds, corn and soy fall on positioning ahead of USDA report
Chicago Board of Trade wheat held steady on Wednesday after notching a more than two-month low the day before on bargain buying and positioning ahead of the U.S. Department of Agriculture's acreage report.
CBOT Weekly: Futures predicted to decline after USDA reports
Grain futures at the Chicago Board of Trade (CBOT) are expected to decline after the United States Department of Agriculture (USDA) releases its prospective plantings and quarterly grain stocks reports on June 28.
We check out an Italian-made Drago GT corn header
Italian-built brand available from four- to 24-row widths
As growing grain corn gradually increases in popularity in some prairie regions, more options for combine corn headers are appearing on the market. The Italian-made Drago GT header is one that many producers may not have heard of — yet. Grainews recently reviewed some of the features of the newest Drago GT with the vice-president […] Read more
U.S. grains: Soybeans, corn fall as investors digest US heat, flood impact
Chicago Board of Trade (CBOT) soybean and corn futures fell on Tuesday as traders assessed the impact of flooding and heat on crops in the central U.S.
Cyber-Savvy Farmer
