Insights and Stories on USDA

Jul. 12, 2023 at 2:53 pm CDT

MarketsFarm — The Chicago Board of Trade (CBOT) saw futures come down after the U.S. Department of Agriculture (USDA) released its monthly world agricultural supply and demand estimates (WASDE) on Wednesday. Corn prices were 18 cents per bushel lower on the day, while soybeans lost 27-33 cents (all figures US$). […]

By Adam Peleshaty

Jul. 11, 2023 at 7:25 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed higher on Tuesday, bouncing after a three-session slide as wholesale pork prices rose and cash hog prices firmed, traders said, while tight cattle supplies sent futures to life-of-contract highs. CME August lean hogs settled up 3.4 cents at 97.575 […]

By Julie Ingwersen

Jul. 10, 2023 at 3:42 pm CDT

MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent […]

By Adam Peleshaty

Jul. 7, 2023 at 3:03 pm CDT

Chicago | Reuters — U.S. corn and soybean futures fell on Friday as recent welcome rains across the Midwest farm belt, and forecasts for more next week, aided crops that had been suffering under an early season drought. Soybeans, which notched a four-month high on Monday, ended down 1.9 per […]

By Karl Plume

Jul. 7, 2023 at 2:43 pm CDT

New acreage estimates for this year are now out from both Statistics Canada and the U.S. Department of Agriculture, surprising Chicago corn and soybean traders, less so for Canadian canola and wheat market observers. Glacier FarmMedia’s Gord Gilmour and MarketsFarm weather and crops specialist Bruce Burnett discuss those estimates — […]