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Spring wheat

CBOT May 2020 corn (candlesticks) with 20-, 50- and 100-day moving averages, and NYMEX May 2020 WTI crude oil (purple line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn hits lowest since September 2009

Soybeans firm on bargain buying; wheat mixed

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Chicago | Reuters — U.S. corn futures fell 1.4 per cent on Tuesday to a fresh 10-1/2-year low as crumbling demand for fuel due to the global coronavirus pandemic threatened the ethanol sector. “They are taking their cue from energy,” said Mark Schultz, chief market analyst at Northstar Commodity. “It is a pretty tough business […] Read more
CBOT May 2020 corn (candlesticks) and NYMEX May 2020 WTI crude oil (blue line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn sinks to lowest since 2009 as crude oil turns negative

Russian export curbs support CBOT wheat

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Chicago | Reuters — Chicago Board of Trade corn futures sagged 2.6 per cent to its lowest since September 2019, with a plunging crude oil market slashing demand for ethanol, traders said. Soybean futures also were lower, hitting a one-month low on pressure from cratering demand for energy amid the coronavirus pandemic. “Anything that had […] Read more
CBOT May 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat stabilizes

Corn steady after lows; soybeans continue to slip

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Chicago | Reuters — Chicago wheat futures rose on Friday, as traders wrestled with conflicting signals — from concerns over export demand of U.S. crops to the potential of weather risks. Corn futures edged higher on bargain shopping, consolidating above a 3-1/2 year low this week, while soybeans fell slightly, traders said. The modest gains […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat slumps after Egypt again passes on U.S. product

Soybeans slip on low exports, livestock feed worries

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Chicago | Reuters — U.S. wheat futures retreated on Thursday as worries over favourable weather dissipated and demand concerns resurfaced after top importer Egypt passed on U.S. wheat in a purchasing tender for a second straight day. Soybean futures sagged on weaker-than-expected export sales and worries of diminished livestock feed demand, while corn firmed after […] Read more
CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures set 3-1/2 year low as ethanol output tumbles

Soy futures consolidate after 3-1/2 week low

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Chicago | Reuters — U.S. corn futures dropped to their lowest level in about 3-1/2 years on Wednesday as weekly ethanol output set a record low, reflecting weak demand for the crop during the coronavirus outbreak. Soybean and wheat futures also fell at the Chicago Board of Trade. Demand for corn-based ethanol has suffered as […] Read more
Cigi staff evaluate wheat flour for use in oriental noodles. (Cigi photo)
Cereals, Crops

Cigi, Cereals Canada vote to close merger deal

Merged body to take latter group's name; next step, naming a CEO

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The proposed merger between Cigi and Cereals Canada has taken one of its final steps forward, with votes of approval from both organizations’ memberships. The two Winnipeg-based not-for-profit organizations announced Tuesday their memberships have approved “the amalgamation of both organizations under a unified governance and management structure.” Terms of the merger call for the consolidated […] Read more
(File photo by Greg Berg)
Crops, Markets, Reuters

U.S. grains: Soybeans drop as livestock markets drag soymeal lower

Wheat eases on global supply; corn unfazed by crude oil deal

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Chicago | Reuters — Chicago soybean futures fell more than one per cent on Monday in the market’s steepest drop in 1-1/2 weeks, as livestock processing plant closures that impact feed supply weighed on soymeal prices. Corn also sagged despite optimistic news that OPEC might curb oil production, after a deal was signed over the […] Read more

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