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A selloff plagued grain prices yesterday on Chicago. The activity was triggered partly by more rain in the forecasts and a quickly approaching harvest that will bring much-needed relief to historically tight supplies. Corn prices fell as much as 3%. Soybeans down as much as 4%. Losses in wheat were less severe, even if most

According to the U.S. Department of Agriculture, herewith the US grains inspected and/or weighed for export during the week ending August 26, 2021.

According to the StatCan, Canadian farmers are projected to harvest more corn for grain, but less wheat, canola, soybeans, barley and oats, according to recent yield models using satellite imagery. Lower production has been driven largely by ongoing drought conditions in Western Canada, which could decrease yields. In particular, wheat production expected to decrease on

Russian wheat export prices rose for the seventh consecutive week last week. According to the IKAR, indeed, Russian wheat with 12.5% protein loading from Black Sea ports for supply in late September or early October was at $299 a tonne free on board (FOB) at the end of last week, up $4 from the previous

According to the APK-Inform, Ukrainian soft milling wheat export prices added $2 a tonne over the past week. In fact, bid prices for Ukrainian-origin 12.5% protein wheat stood at $282 to $289 per tonne FOB Black Sea. Lower quality 11.5% wheat was quoted between $278 and $284 per tonne. Also Ukrainian corn export prices added

In its World Markets and Trade report released earlier this month, USDA said global durum supplies were expected to be thin this year, with Canadian and US durum exports plummeting to their lowest since 1964-65. Because of drought, USDA estimates the US durum crop will be down 50pc from last year to 900,000t. Canada consistently

Kind growing conditions to date are boosting the likelihood of Australian durum having its second big export year in a row not only for yields. Indeed, indicative new-crop multi-grade prices delivered to Newcastle, Australia’s major port for durum exports, are now at around $525 per tonne, up from roughly $440/t this time last year. This

US farm markets, were narrowly mixed for the most part, last Friday. Corn prices were up between 0.5% and 0.9%. In contrast, soybeans stumbled ultimately lost around 0.5%. Winter wheat also spilling lower with some contracts down as much as 0.9%. Spring wheat saw the biggest moves, trending 1% higher. On macro markets, oil prices