GRAINS-Wheat unmoved after closing higher, supply woes support prices

CHICAGO, Jan 26 (Reuters) - Chicago Board of Trade wheat futures fell sharply on Wednesday in a sharp profit-taking and technical retreat from two-month highs set in the prior session, analysts said. * Some signs of progress toward easing tension between Russia and the West over Moscow's troop buildup along Ukraine's border further fueled selling in wheat markets. Prices had rallied to two-month highs as traders worried that the crisis could disrupt grain exports. * Chicago Board of Trade March soft red winter wheat settled down 23 cents at $7.95 a bushel. The most-active contract reached its highest price since Nov. 29 in the prior session. * K.C. hard red winter wheat for March delivery closed 18-3/4 cents lower at $8.15-3/4 a bushel. * MGEX March spring wheat ended down 31 cents at $9.16-1/4 a bushel. * The U.S. Department of Agriculture is due to report weekly export sales early on Thursday. Analysts surveyed by Reuters expect old-crop U.S. wheat sales between 200,000 and 600,000 tonnes and new-crop sales of up to 100,000 tonnes. (Reporting by Karl Plume in Chicago; Editing by Cynthia Osterman)

(Reuters) - Dow Inc’s fourth-quarter profit more than doubled on Thursday, helped by higher prices for its chemicals as supplies remained tight amid strong demand for its products. Demand for the company’s chemicals, used in everything from food packaging and mattresses to textiles and electronics, has been strong since...

CHICAGO, Jan 26 (Reuters) - Chicago Mercantile Exchange live cattle futures finished higher on Wednesday on technical buying and as rising U.S. slaughter rates eased concerns about cattle supply backups. Cattle processing rates have ramped up after pandemic-related staffing shortages at some meat plants. The U.S. Department of Agriculture (USDA)...

CHICAGO, Jan 26 (Reuters) - U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support,...

SINGAPORE, Jan 27 (Reuters) - Chicago crop markets retreated slightly in early trade on Thursday, after the U.S. Federal Reserve said it was likely to raise interest in March, which strengthened the dollar and clipped demand for dollar-priced commodities. Wheat, corn and soybeans were all down around 0.6% in early...

Agricultural companies are wrestling with supply chain challenges spurred by COVID-19 and other factors. Here is how BASF officials say they are managing it. “BASF is experiencing record levels of demand for many solutions in our herbicide and fungicide portfolios, including but not limited to: Liberty herbicide, Rely herbicide and Veltyma, Priaxor, Revytek fungicides as well as other crop solutions, said Kate Greif, product manager, BASF Agricultural Solutions North America, in a news release.

Input costs for grain farms are going to go up considerably in 2022. That’s the major take-away from a new report from the University of Illinois farmdoc Project. Agricultural economics professor Gary Schnitkey discusses the findings in a new video report, Managing 2022 Input Uncertainties. When it comes to...

Pre-6 a.m. Globex Prices: March corn was down 1/4 cent, March soybeans were up 1 cent and March KC wheat was up 9 1/2 cents. CME Globex Recap: Early Tuesday, Dow Jones futures are trading lower after having just survived a volatile Monday with a small positive gain. This is a week of many earnings reports and it is Microsoft’s turn later Tuesday.

CHICAGO, Jan 25 (Reuters) - U.S. wheat and corn futures extended a rally on Tuesday as fears of Russian military action in Ukraine made traders nervous about a potential disruption to supplies from the Black Sea exporters. Russia has massed an estimated 100,000 troops within reach of Ukraine's border, raising...

MANILA, Jan 26 (Reuters) - * The Philippines' overall agricultural output grew at an annual pace of 0.6% by value in October-December, after four consecutive quarters of contraction, as gains in crops, poultry and fisheries offset losses in livestock due to an African swine fever outbreaks, data on Wednesday showed.

CHICAGO, Jan 25 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Tuesday. WHEAT - Up 10 to 13 cents per bushel * Fears of Russian military action in Ukraine disrupting exports in the Black Sea region support wheat market. Both CBOT soft red winter wheat and K.C. hard red winter wheat futures were trading at their highest in nearly a month. * Crop concerns in key growing areas of the United States, stemming from dry soils, added support. A U.S. Agriculture Department report showed that condition ratings for winter wheat fell during January in most U.S. Plains states. * Benchmark CBOT March soft red winter wheat futures contract rose above the high end of its 20-day Bollinger range for the first time in two months during the overnight trading session. * On a continuous basis, the most-active soft red winter wheat contract hit its highest since Dec. 27. * CBOT March soft red winter wheat last traded 12-1/2 cents higher at $8.13 per bushel. K.C. March hard red winter wheat was last up 9-3/4 cents at $8.27-3/4 a bushel and MGEX March spring wheat was last up 5-1/2 cents at $9.54. CORN - Steady to up 2 cents per bushel * Corn futures rose to seven-month high overnight, following gains in the wheat market. Strength in corn curbed by profit-taking at the highs and recent rains in South America. * CBOT March corn futures last traded up 1-1/2 cents at $6.22-1/2 a bushel. SOYBEANS - Steady to up 2 cents per bushel * Technical buying supports soybeans but concerns about export demand for U.S supplies limits gains. * Benchmark CBOT March soybean futures contract found support at its 10-day moving average overnight. * CBOT March soybeans last traded up 3/4 cent at $14.03-3/4 per bushel. (Reporting by Mark Weinraub; Editing by Kirsten Donovan)

WINNIPEG, Manitoba, Jan 25 (Reuters) - Canadian farmers say they are just days away from running out of feed for cattle, due to severe drought last summer damaging crops needed to fatten them over winter and transportation bottlenecks. The drought devastated Prairie pastures https://www.reuters.com/article/cattle-drought-idCNL1N2P326Z and has now forced feedlots in...

CHICAGO, Jan 25 (Reuters) - Chicago Mercantile Exchange lean hog futures climbed to a new contract high on Tuesday on concerns about tightening U.S. supplies, analysts said. Nearby live cattle and feeder cattle futures also strengthened. U.S. cold storage data, issued after the markets closed on Monday, was supportive for...

TOKYO, Jan 26 (Reuters) - Marubeni Corp said on Wednesday it will sell U.S. unit Gavilon's grains business to commodities trader Glencore PLC's Viterra arm in a deal the Japanese trading house expects to be worth up to $3.5 billion. In a statement, Marubeni said that it expects to recover...

(Recasts, adds CEO quote, adds share price, adds outlook on ethanol demand and high crop prices) Jan 25 (Reuters) - Global grain trader Archer-Daniels-Midland Co reported a record fourth-quarter profit on Tuesday and said it would continue to cash in on strong demand for crops and biofuel in 2022. Chicago-based...

BEIJING, Jan 26 (Reuters) - China's agriculture ministry will promote intercropping of soybeans with corn on more than 1 million hectares of land this year, it said on Wednesday, seeking to boost output of the oilseed without reducing production of corn. China, the world's top soybean importer, said late last...

CHICAGO, Jan 25 (Reuters) - Chicago Board of Trade wheat and K.C. wheat futures ended higher on Tuesday on concerns that Black Sea grain exports could be disrupted if Russia invades Ukraine, analysts said. * Western leaders stepped up preparations for any Russian military action in Ukraine. * Russia is the world's top wheat exporter while Ukraine is projected to be the fourth largest. * Chicago Board of Trade March soft red winter wheat settled up 17-1/2 cents at $8.18 a bushel. The most-active contract reached its highest price since Nov. 29. * K.C. hard red winter wheat for March delivery closed up 16-1/2 cents at $8.34-1/2 a bushel and touched its highest price since Dec. 28. * MGEX March spring wheat ended down 1-1/4 cents at $9.47-1/4 a bushel after setting its highest price since Jan. 5. * Euronext wheat futures also rose sharply as the market weighed the risk of a military clash between Russia and Ukraine. * In China, use of wheat in animal rations in 2021/22 is expected to be less than half of the amount of last season, analysts and traders said, as elevated prices cut demand. (Reporting by Tom Polansek in Chicago; Editing by Mark Porter)

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Market acts like short-term peak in place; needs correction. The turn to the downside in March corn futures from the top of the uptrend channel suggests that a short-term peak is in place, and the market may need some back and fill type action to correct its overbought condition. A...

HAMBURG, Jan 25 (Reuters) - Smaller soybean crops expected in key South American producers are likely to push major soybean export business to the United States from June onwards, Hamburg-based oilseeds analysts Oil World said on Tuesday. Oil World estimates the combined soybean harvests in the current 2021/2022 season in...