Promising U.S. growing conditions start grains off in the red this week
Corn down 10-16 cents
Wheat down 11-17 cents
Corn
Favorable weekend weather in the Midwest boosted yield prospects for the 2021 U.S. corn crop, sending Chicago corn futures $0.10-$0.16/bushel lower in overnight trading. Losses were capped by strong global livestock demand for corn and a weaker dollar.
Last week’s Drought Monitor saw a third consecutive week of falling drought conditions across the U.S. due in large part to showers over the Central Plains and Eastern Corn Belt. But the upper Midwest and Northern Plains continue to battle dry conditions early in the growing season. Today’s Crop Progress report will likely show corn planting progress quickly winding down after a whirlwind planting season.
BusinessWorld
May 24, 2021 | 12:01 am
REUTERS
BUENOS AIRES Seven grains ships stranded at Argentina’s export hub of Rosario will be towed free and sent out to sea after they were loaded with more produce than could be carried on the port’s increasingly shallow waters, local authorities said on Friday.
Rosario traffic has been snarled in the aftermath of a 48-hour strike by tugboat captains and other workers managing the flow of agricultural cargo ships.
Seven ships, six of them large Panamax vessels, loaded with soymeal, corn and other farm products were moored at Rosario during the work stoppage. After the strike they were unable to embark because they had been loaded with more cargo than could be carried on the port’s increasingly shallow waters.
Seven grains ships stranded at Argentina’s export hub of Rosario will be towed free and sent out to sea after they were loaded with more produce than could be carried on the port’s increasingly shallow waters, local authorities said on Friday. Rosario traffic has been snarled in the aftermath of a 48-hour strike by tugboat .
Stranded Grains Ships To Be Towed Free From Rosario marinelink.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinelink.com Daily Mail and Mail on Sunday newspapers.
Stranded grains ships to be towed free from Rosario, says ports chamber reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.