Latest news with #corn
Zawya
a day ago
- Business
- Zawya
Wheat rises after Russia trims harvest estimate
CANBERRA/PARIS - Chicago wheat futures rose on Wednesday, extending gains from the previous session, after top exporter Russia trimmed its harvest and export forecasts, but gains were limited by ample global supply. Soybean futures climbed following a decline in U.S. crop ratings and hopes that trade deals may boost demand for U.S. exports. Corn rose slightly, clawing back some of Tuesday's losses, but forecasts for crop-friendly rain in U.S. grain belts and plentiful supply weighed. The most active wheat contract on the Chicago Board of Trade (CBOT) rose 0.2% to $5.50-1/2 a bushel by 1154 GMT. Prices climbed 1.3% to their highest in a week and a half on Tuesday but are still not far from May's five-year low of $5.06-1/4. CBOT soybeans added 0.6% to $10.32 a bushel and corn rose 0.3% to $4.19-1/4 a bushel. Russia's agriculture minister said the country would produce 88 million to 90 million metric tons of wheat this year, versus the previous forecast of 90 million tons, and export 43 million to 44 million tons in the 2025-26 season, down from the earlier estimate of 45 million tons. Despite the downgrade, it will still be a large harvest by historical standards, and the new crop is beginning to reach the market. "Around the world, crops are in overall good shape," said Rabobank analyst Stefan Vogel, adding that plentiful supply would likely lead to bigger end-of-season inventories in several wheat-exporting nations. Initial results of a crop tour in North Dakota's hard red spring wheat fields projected above-average yields in the southern part of the top-producing state following plentiful rains this summer, though the results fell short of a yield record set last year. Meanwhile, France's soft wheat crop is expected to bounce back from year-ago lows, while India's wheat inventories rose to a four-year high this month. A U.S.-Japan trade deal and U.S.-China talks next week are adding to hopes that President Donald Trump will get foreign buyers to step up U.S. farm goods purchases. Prices at 1054 GMT Last Pct Change Move CBOT wheat 550.50 1.00 0.18 CBOT corn 419.25 1.25 0.30 CBOT soy 1032.00 6.50 0.63 Paris wheat 201.25 -1.50 -0.74 Paris maize 55.99 0.36 0.65 Paris rapeseed 475.00 2.50 0.53 Euro/dlr 1.17 0.00 -0.26 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
Yahoo
2 days ago
- Business
- Yahoo
Corn Pullback Extends into Midday, well off of Lows
Dirt road through corn stocks by pixelmaniak via iStock Corn prices are 2 to 3 cents lower in late morning Tuesday activity at the CME. Futures closed out the Monday session 4 to 5 ½ cents in the red. Preliminary open interest was down 1,259 contracts on Monday. The CmdtyView national average new crop Cash Corn price was $3.775 this morning, down 2 ¾ cents. USDA's NASS division weekly Crop Progress data indicated 56% of the US corn crop was silking as of 7/20, trailing the 5-year average by 2 points. The crop was 14% in the dough stage, vs. the 12% average. Condition ratings were unchanged at 74% gd/ex and 385 on the Brugler500 index. Iowa condition ratings were the strongest, with Michigan rated the worst among the bigger acreage states. More News from Barchart The Monday morning USDA Grain Inspections report indicated 983,625 MT were inspected for export in the reporting week ending July 17. That was down slightly from 991,257 MT a year ago, and well off of the updated 1.314 MMT shipped the previous week. The YTD inspections total 58.718 MMT (~2.315 billion bushels), up 28.9% from a year ago at the same time. A South Korean importer tendered for 140,000 MT of corn overnight. Sep 25 Corn is at $4.01 1/4, down 2 1/2 cents, Nearby Cash is at $3.88 3/4, down 2 1/2 cents, Dec 25 Corn is at $4.20, down 2 1/4 cents, Mar 26 Corn is at $4.37 1/2, down 2 1/4 cents, New Crop Cash is at $3.78 3/4, down 2 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
New York Times
2 days ago
- General
- New York Times
I'm All Ears
We are hitting peak corn, and my love of this singular summer ingredient means I want to use it in all my cooking, going far beyond eating it straight off the cob. So, without further ado, here's my almost-annual Five Weeknight Dishes: Corn Edition. As always, I've got five simple dinner recipes for you below, all of which incorporate corn. But I also need to tell you about these arepas, which are easy to pan-fry and are so excellent for dinner with an avocado salad. Corn salad is a recipe to memorize; here's a simple one with tomatoes, feta and mint. Do not forget corn risotto! Or elotes! Jerrelle Guy taught me that you can use corn kernels in the topping for a cobbler, as she does in this recipe. And corn ice cream is one the greatest treats. If you see it at a scoop shop, order it — or make Melissa Clark's recipe. Questions? Suggestions? Want to tell me what you're making? Email me anytime at dearemily@ I read every note and reply as I can! Pierre Franey's recipe is a simple chicken dinner with a French accent, which, as with many things French-accented, makes it seem a little more sophisticated. Think white wine, shallots, Dijon mustard and cream. View this recipe. Want all of The Times? Subscribe.
Zawya
2 days ago
- Business
- Zawya
Corn, soy futures extend dip on crop-friendly weather forecasts
CANBERRA/PARIS - Chicago corn and soybean futures extended previous session losses on Tuesday, pressured by forecasts for crop-friendly rain in U.S. grain belts this week. Wheat also weakened on expectations of plentiful global supplies. The most active corn contract on the Chicago Board of Trade (CBOT) was down 1% at $4.18 a bushel by 1107 GMT, while soybeans fell 0.3% to $10.22-1/2 a bushel. Traders had been concerned that high temperatures in the U.S. Midwest would damage yields, but after a brief burst of heat mid-week, showers are expected to limit stress to crops, said Commodity Weather Group. The USDA on Monday rated 74% of the U.S. corn crop and 68% of U.S. soybeans in good-to-excellent condition, the highest assessment for corn at this time of year since 2016. The corn rating was unchanged from the previous week, but soybeans were down from 70% and below the average analyst estimate. Both markets are well supplied, and agribusiness consultancy AgRural on Monday increased its estimate for Brazil's total 2024/25 corn production to 136.3 million tons from 130.6 million tons. Wheat was down 0.3% at $5.40-3/4 a bushel. The first new-crop wheat from Russia, the world's biggest wheat exporter, has arrived on the market, traders and analysts said on Monday, as top producing regions reported early harvesting results. Agriculture Minister Oksana Lut told a government meeting on Tuesday the government had trimmed its forecasts for the 2025 wheat harvest, but the harvest was still expected to be large, at 88-90 million metric tons. In Europe, crop monitoring service MARS on Monday raised its forecasts for average winter grain yields in the European Union to above-average levels, but expressed concern for summer crops due to hot weather. Prices at 1107 GMT Last Change Pct Move CBOT wheat 540.75 -1.50 -0.28 CBOT corn 418.00 -4.25 -1.01 CBOT soy 1022.50 -3.50 -0.34 Paris wheat 200.50 -1.50 -0.74 Paris maize 55.57 -0.50 -0.89 Paris rapeseed 470.50 0.00 0.00 Euro/dlr 1.17 0.00 0.06 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
Yahoo
3 days ago
- Climate
- Yahoo
Iowa crops reported in good condition despite surplus moisture
Corn growing in a western Iowa field in August 2023. (Photo by Jared Strong/Iowa Capital Dispatch) Corn inched ahead of schedule last week with a reported 18% of Iowa corn acres reaching the dough stage, according to the crop progress and condition report. While the heavy rain the past several weeks may have helped crops along, some farmers saw standing water and surplus moisture in their fields. Iowa Secretary of Agriculture Mike Naig said July precipitation totals for the state are already above normal levels. According to the state mesonet, parts of the state have had more than 7 inches of rain this month. The average precipitation across the state for the July 14-20 reporting period was 1.88 inches, while normal is 1.02 inches. 'Unfortunately, saturated soils and increased streamflow have led to localized issues with standing water and flash flooding in some areas,' Naig said in a statement. According to the crop progress and condition report from the U.S. Department of Agriculture's National Agricultural Statistics Service, north central Iowa had the wettest soils during the past week. Thirty-five percent of the region's topsoil and 37% of its subsoil moisture rated as surplus. On average, 21% of topsoil and 17% of subsoil moisture conditions across the state were in surplus for the reporting period, and both sub and top soil rated 72% adequate in the state. Aside from the ahead-of-schedule corn that entered the dough stage, Iowa crops were right on schedule for the reporting period. Corn silking reached 62% and corn condition rated 86% good to excellent. Soybeans continued to progress with 69% of the crop blooming across the state and 33% already setting pods. Soybean acres rated 80% good or excellent for the reporting period. Alfalfa hay farmers are slightly ahead of the average cutting schedule, with farmers finished with their second cutting of the crop on 79% of acres, and finished with a third cutting on 17% of hay acres. Thirty-five of Iowa's oat acres have been harvested, and farmers in southern regions of the state have harvested more than half of their oats. Oats rated 68% good and 16% excellent for the period. 'While overall crop progress has benefited from the wetter conditions and somewhat milder temperatures, attention is now turning to the heat dome building in over the state, which will bring hot temperatures and humidity this week,' Naig said. Temperature outlooks from the National Weather Service show highs in the low 90s and upper 80s across the state for the rest of the week. SUPPORT: YOU MAKE OUR WORK POSSIBLE Solve the daily Crossword
