Optimism over increased Chinese demand along with weather concerns in Brazil gave the Chicago soybean market a boost and triggered some fund short covering over the past week, but the futures will likely face stiff resistance to the upside going forward.
Rising CBOT soybeans facing resistance
U.S. port strike threatens vital trade arteries
Some 45,000 union workers could walk off the job at seaports on the U.S. East and Gulf Coasts on Oct 1, cutting off vital trade arteries just weeks ahead of the nation's presidential election.
U.S. grains: Soybeans hit 2-month high before paring gains; corn, wheat sag
U.S. soybean and corn futures climbed to two-month highs on Tuesday, following broad gains in commodity and equity markets after China unveiled economic stimulus measures, but pared gains as forecasts called for improved crop weather in South America, analysts said.
Exports could take a hit as Vancouver grain terminals workers strike
While producers could feel the pinch of a strike at the Port of Vancouver's grain terminals within a week, the markets won't feel much of a hit unless the strike continues for three or four weeks, analysts said.
Port of Vancouver grain workers walk off the job
Grain terminal workers at the Port of Vancouver are on strike this morning as shown by video posted by local media on X. Video from CityNews Vancouver shows workers picketing outside of Viterra's Cascadia terminal.
U.S. grains: Soybeans climb on supply risks, short-covering; corn, wheat also up
Chicago Board of Trade soybean futures hit nearly a seven-week high on Monday as uncertainty about Brazilian planting weather and the size of the U.S. harvest sparked a round of fund-driven short-covering, analysts said.
Port of Vancouver elevator strike will have ‘devastating impact’ on farmers say Grain Growers
On Sept. 21, Grain Workers Union Local 333 issued a 72-hour strike notice to terminal operators represented by the Vancouver Terminal Elevators Association (VTEA). According to a letter posted to the union's Facebook page, workers will walk off the job on Tuesday morning.
U.S. grains: Chicago corn dips, soybeans steady on big expected yields
Chicago corn futures ticked down and soybean futures hovered near unchanged on Friday with seasonal harvest pressure on the rise.
NWT closes Unity elevator for foreseeable future
North West Terminal Ltd. in Unity, Saskatchewan, has idled its grain elevator after several years of losses.
Altai becomes fifth Russian region to declare emergency due to crop problems
Altai on Friday became the fifth Russian region to declare a state of emergency this month due to crop problems caused by extreme weather, saying too much rain had waterlogged the soil.
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