U.S. soybean futures fell to their lowest level in nearly four years on Monday and corn and wheat futures followed the weaker trend as rains bolstered Midwest production prospects and traders worried about demand for big crops, analysts said.
U.S. grains: Soybeans near 4-year low; corn, wheat sag on supply prospects
Short position in canola edges lower, while soybeans/corn rise
The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta crop conditions steady at 74 per cent good-to-excellent
Warm temperatures helped keep crop conditions well above average in Alberta during the week ended July 9, although heat stress could become a concern without cooler temperatures and more precipitation in the weeks ahead, according to the latest provincial crop report.
U.S. grains: Corn futures turn higher on surprise old-crop stocks forecast
Chicago Board of Trade corn futures rebounded off of multi-year lows on Friday, and soybean futures briefly turned higher, as a government report forecast tighter stocks than traders had expected.
Cereals withstood storms better: CCHA
Approximately 1,000 crop damage claims made from storms between June 23 and July 1
“Numerous early season storms have resulted in a number of claims for the industry,” CCHA Chairman Scott McQueen of Palliser Insurance said in a statement. “Cereals have generally fared better as many were hit in the grassy stages of development and minimal damage to the plant was caused with environmental conditions being favourable so that crops that were hit by hail are able to recover.”
Russia playing coy on new grain deal
Russia does not rule out any scenarios regarding the possible resumption of the now-defunct Black Sea grain deal, Kremlin spokesman Dmitry Peskov told reporters July 12.
Bunge, Viterra offer to sell assets in two EU countries, sources say
U.S. grains merchant Bunge and Glencore-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger, the European Commission website showed on Friday.
U.S. grains: Wheat, corn and soybeans rebound ahead of data
Chicago wheat, corn and soybean futures regained ground on Thursday after Wednesday's dramatic losses as investors covered short positions ahead of the U.S. Department of Agriculture's supply and demand report set to be released on Friday.
Saskatchewan Crop Report: Warm conditions advancing crop development
Warm and mostly dry conditions across Saskatchewan helped crops advance in their development during the week ended July 8, according to the latest provincial report.
U.S. grains: Soy futures fall to 2020 low on strong US crop prospects
Chicago Board of Trade soybean futures fell to a 2020 low on Wednesday, while corn hovered near a four-year low as favorable U.S. crop conditions kept a lid on prices.
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