Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
What is war fatigue?
If the West is 'tired' of the war in Ukraine, consider the reality of Ukrainians
As we approached the end of December, my mood, like that of most Ukrainians, was not at all Christmassy. The heroic achievement of 2022, when our lives hung in the balance and our defenders managed to repel the enemy, was replaced by the bloody routine of 2023.
Bulk ocean freight rates fall from highs despite uncertainty
Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.
U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts
Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report
Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.
Houthi attack on dry bulk ship to boost grain diversions
About twenty per cent of grain shipments diverting around Cape
An attack on a dry bulk carrier this week in the Red Sea region is set to lead to more diversions of grain cargoes around the Cape of Good Hope but most are still willing to risk using the Suez Canal for now, shipping sources said on Tuesday.
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Picks and shovels for the alternative energy industry
The dominant players in the biofuels sector today are the traditional grain handlers and processors
It’s said that the big money, in gold rushes of yore, wasn’t in the gold miners but in those who supplied the picks and shovels. Vendors of sins, booze and brothels also did well. With this issue we’ll have a look at companies that, while not wholly reliant on alternative energy, stand to benefit from […] Read more
Grain upkeep begins with the bin
Two experts provide tips on how to effectively store grain on-farm
Planning is integral to the success of any grain farm, whether preparing for seeding or determining the best use of resources at harvest time. The same holds true for on-farm grain storage, says Derek Johnson, regional sales director for AGI, one of the largest manufacturers of grain bins in Canada. He says planning for grain […] Read more
U.S. grains: Corn plunges on robust supplies, sluggish US demand
Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield
Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018
US corn stocks swell as world recovers from tighter supplies
Global corn ending stocks are projected to hit a six-year high in 2023/34
U.S. corn inventories last month swelled to their largest level since 2018, the U.S. Department of Agriculture said on Friday, as global supplies recover from multi-year lows.
Cyber-Savvy Farmer
