CBOT March 2020 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn futures hit three-month high on export demand

Profit-taking sparks pullback in CBOT wheat

Chicago | Reuters — U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier. Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week’s initial trade agreement […] Read more



File photo of cattle seeking shade in Namibia. (Brytta/iStock/Getty Images)

Namibia looks to import cattle as drought decimates herds

Windhoek | Reuters — Namibian state-owned meat processing and marketing firm Meatco is in talks with neighbour Botswana to import cattle, as severe drought decimates local herds and threatens beef export deals with China and European countries. The southern African desert nation moved closer to famine last month after dam levels fell below 20 per […] Read more



(Alkestida/iStock/Getty Images)

Tighter supplies, solid demand underpin durum bids

MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada […] Read more

(Photo courtesy Canola Council of Canada)

CGC revises domestic canola usage downward

MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more