Edition:
United Kingdom

Mark Weinraub

U.S. farmers, still reeling from floods, face new storm

10 Apr 2019

CHICAGO U.S. farmers, who have spent the last month sifting through damage left by a storm that flooded more than a million acres of crop land, now face a blizzard ahead of planting season.

U.S. farmers, still reeling from floods, face new storm

10 Apr 2019

CHICAGO, April 10 U.S. farmers, who have spent the last month sifting through damage left by a storm that flooded more than a million acres of crop land, now face a blizzard ahead of planting season.

UPDATE 1-USDA raises corn, wheat supply view; trims soybean stocks

09 Apr 2019

CHICAGO, April 9 The U.S. Agriculture Department on Tuesday raised its outlook for how much corn will be left in grain elevators ahead of harvest this year due to falling demand from the export, feed and residual and ethanol sectors.

U.S. corn, soy stocks top forecasts; floods threaten planting plans

29 Mar 2019

CHICAGO Massive supplies of both U.S. corn and soybeans remained in storage bins around the country ahead of spring planting, U.S. Agriculture Department (USDA) data released on Friday showed.

REFILE UPDATE 3-Canada optimistic about making progress to end China canola ban -PM

22 Mar 2019

OTTAWA/CHICAGO, March 22 Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs.

Canada optimistic about making progress to end China canola ban: PM

22 Mar 2019

OTTAWA/CHICAGO Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs.

Grain markets walled off from flood impacts by mountains of supplies

21 Mar 2019

CHICAGO A massive supply of grains has shielded the futures markets from the impact of flooding in the U.S. Midwest so far, with traders largely shrugging off this week's reports of destroyed storage bins, swamped elevators and questions about if waters will recede in time for planting.

Why U.S. growers are betting the farm on soybeans amid China trade war

20 Mar 2019

CHICAGO U.S. farmers are gearing up to plant what could be their third-largest soybean crop ever despite failing to sell a mountain of beans from their last harvest due to a U.S.-China trade war that remains unresolved.

Falling exports, ethanol production boosts U.S. corn stocks: USDA

08 Mar 2019

CHICAGO The U.S. Department of Agriculture (USDA) issued a surprise boost to its outlook for domestic corn supplies on Friday by trimming its estimate of how much will be used by exporters and ethanol producers.

UPDATE 1-Falling exports, ethanol production boosts U.S. corn stocks-USDA

08 Mar 2019

(Recasts; adds analyst quote, price moves) By Mark Weinraub CHICAGO, March 8 The U.S. Department of Agriculture (USDA) issued a surprise boost to its outlook for domestic corn supplies on Friday by trimming its estimate of how much will be used by exporters and ethanol producers. The government also lowered its outlook for domestic soybean supplies, bumping up its estimate of the crush, and raised its wheat stocks view as export prospects worsened. Domestic corn ending stocks for 2018-19 were forecast at 1.835 billion bushels, the USDA said in its monthly supply and demand report, up from its outlook for 1.735 billion bushels in February. Analysts in a Reuters poll had given corn ending stocks estimates that ranged from 1.680 billion bushels to 1.795 billion bushels. The government cut its corn export view by 75 million bushels to 2.375 billion. The latest outlook also calls for ethanol producers to use 5.550 billion bushels of corn, 25 million less than the prior estimate. "It was certainly warranted that they cut the corn export forecast and the ethanol forecast, but 100 million bushels is a fairly sizable cut for one month," said Brian Hoops, president of Midwest Market Solutions. "It was pretty unlikely that exports would meet that earlier forecast because of big South American corn production this year after the drought last year." Chicago Board of Trade corn futures sank to their lowest since Nov. 27. Wheat futures dropped to a fresh 13-month low but quickly rebounded into positive territory, while soybeans hit their lowest since Feb. 20. Soybean end stocks for the 2018-19 marketing year will be 900 million bushels, down from the government's February estimate of 910 million bushels but still the biggest on record. The crush forecast was raised to 2.100 billion bushels from 2.090 billion bushels. The soybean export projection was left unchanged at 1.875 billion bushels despite U.S. Agriculture Secretary Sonny Perdue's announcement in late February that China had committed to buying an additional 10 million tonnes of U.S. soybeans. U.S. wheat ending stocks were pegged at 1.055 billion bushels, up from the February outlook of 1.010 billion and above the high end of market expectations. Wheat exports were cut to 965 million bushels from 1.000 billion. USDA left its outlook for the Argentine corn and soybean crops unchanged and also maintained its Brazil corn crop view. It cut its Brazil soy harvest outlook to 116.50 million tonnes from 117.00 million. (Additional reporting by Karl Plume Editing by Susan Thomas)

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