Insights and Stories on USDA

USDA sees increased EU canola imports, no extra from Canada

Mar. 8, 2023 at 8:20 pm CST

MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 […]

CBOT weekly outlook: Argentina estimates lowered, but attention soon shifting north

Mar. 8, 2023 at 8:10 pm CST

By Phil Franz-Warkentin

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Mar. 8, 2023 at 7:48 pm CST

By Cassandra Garrison

Meat lobby says U.S. voluntary label rule could spur trade action

Mar. 7, 2023 at 7:13 pm CST

By Dave Bedard

CBOT weekly outlook: It still comes down to South America

Mar. 1, 2023 at 6:35 pm CST

By Glen Hallick - MarketsFarm

U.S. livestock: CME cattle set high on Brazil halting beef exports to China

Feb. 23, 2023 at 5:19 pm CST

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a contract high on Thursday amid hopes that Chinese importers will buy more U.S. beef after rival supplier Brazil suspended shipments to China, analysts said. Brazil said it would halt beef exports to China, the main destination for its […]

By Tom Polansek

U.S. grains: Corn futures hit six-week low on projected plantings

Feb. 23, 2023 at 5:01 pm CST

Chicago | Reuters — Chicago Board of Trade corn futures hit a six-week low on Thursday as the U.S. government projected farmers will plant more acres this year and prices will decline, analysts said. The U.S. Department of Agriculture, at its annual Agricultural Outlook Forum, pegged 2023 corn plantings at […]

By Tom Polansek

U.S. livestock: CME hog futures sag as pork prices retreat

Feb. 22, 2023 at 7:30 pm CST

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures closed lower on Wednesday, retreating from six-week highs set a day earlier as wholesale pork prices backed down after spiking higher early in the week. Live cattle futures closed mixed, underpinned by surging beef prices. At the CME, April hogs […]

By Julie Ingwersen

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Feb. 21, 2023 at 6:12 pm CST

Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president […]

By Julie Ingwersen

CBOT weekly outlook: Values pull back from upper ranges

Feb. 15, 2023 at 4:33 pm CST

MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, […]

By Glen Hallick - MarketsFarm