“Corn prices climbed steadily throughout Monday’s session on a wave of technical buying that led to gains of approximately 2.75%. December futures rose 12.75 cents to $4.7675, with March futures up 13.5 cents to $4.9250.
Corn basis bids were steady to mixed after moving as much as 5 cents higher at Read More
BRUSSELS, BELGIUM — COCERAL, a European association that focuses on agricultural trade, lowered its production forecast to 289.8 million tonnes in its latest projections for the 2023 European Union (EU) total grains crop, compared to its previous estimate of 296.7 million tonnes in June.
COCERAL said the main reason for Read More
Fueled by blossoming demand for renewable diesel production, canola is seeing a surge in production and crush capacity across the world.
Global canola/rapeseed production for 2023-24 is projected at 87.4 million tonnes, a slight decrease from 2022-23, but only the second time that output has been over 80 million tonnes. Read More
BRUSSELS, BELGIUM — COCERAL, a European association that focuses on agricultural trade, lowered its production forecast to 296.7 million tonnes in its latest projections for the 2023 European Union (EU) total grains crop, compared to its previous estimate of 303.5 million tonnes in March.
It said the main reason for Read More
Drought continues to tighten its grip across the Plains, and it’s forcing farmers in west Texas to make some very difficult decisions this growing season. Depleted soils, along with bleak forecasts showing little chances for rain anytime soon, is a tough reality for farmers who struggled through a drought Read More
WASHINGTON, DC, US — The US Department of Agriculture in its February World Agricultural Supply and Demand Estimates report reduced its forecast for 2022-23 global soybean production to 383 million tonnes, down 5 million tonnes from the January outlook. The main weight pulling production numbers down was the increasingly Read More
BUENOS AIRES, ARGENTINA — Argentina’s soybean production in marketing year 2022-23 is forecast to drop to the lowest level in 15 years due to a prolonged drought, according to a recent Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
The USDA Read More
KANSAS CITY, MISSOURI, US — The September Crop Production report from the US Department of Agriculture before the gut slot harvest of this year’s corn and soybean crops took analysts by surprise. Just last month, the USDA forecast record-high 2022 US soybean production as well as higher-than-expected acres planted Read More
ARLY THIS SUMMER, farmers worried that millions of chickens in California’s Central Valley might soon peck each other to death. The birds were running perilously low on feed, which should have been delivered by Union Pacific Railroad from Midwestern corn producers. Foster Farms needed at least nine trainloads of corn Read More
As the US corn and soybean harvests approach, final efforts are underway to determine the size and scope of this year’s crops. The most recent effort was Pro Farmer’s Midwest Crop Tour where scouts toured seven states over three days to measure and estimate yields from some of the nation’s Read More