Chicago | Reuters — U.S. soybean futures fell on Tuesday, setting back from their highest since Dec. 7 on dry weather in South America that will allow farmers to accelerate the harvest of what is expected to be a huge crop, traders said. Wheat futures also closed lower, with traders reporting mild profit taking following […] Read more
U.S. grains: Soy, wheat fall after hitting multi-week peaks
U.S. grains: Weather woes support wheat
Chicago | Reuters — U.S. corn futures rose to a three-week high on Monday, their eighth day of gains over nine sessions, supported by a round of short covering, traders said. Chicago Board of Trade soft red winter wheat futures hit their highest since Feb. 4 on concerns that dry weather in the U.S. Plains […] Read more
Liberals pressed on PACA pledge for produce growers
The federal opposition New Democrats have cherry-picked a Liberal election promise to fruit and vegetable growers seeking insurance against U.S. and Canadian buyers who dodge their bills. Tracey Ramsey, the NDP’s international trade critic and MP for the southwestern Ontario riding of Essex, on Tuesday tabled a motion in the Commons for Canada to set […] Read more
U.S. grains: Soybeans set 2016 high on short-covering, export demand
Chicago | Reuters — Short-covering and hopes for improved export demand lifted U.S. soybean futures to three-month highs on Friday, marking the longest rally for the market’s most active contract in four years. Corn futures touched a two-week high on technical buying and export demand, capping the grain’s biggest weekly advance since December, while wheat […] Read more
La Nina seen maybe succeeding El Nino
Reuters — A U.S. government weather forecaster said Thursday it sees a near 50 per cent chance La Nina could develop by the Northern Hemisphere fall on the heels of the El Nino conditions likely to dissipate in the coming months. The Climate Prediction Center (CPC), an agency of the U.S. National Weather Service, in […] Read more
Federal rules arrive on halal food claims
Any food marketed in Canada as certified halal in its labeling or ads will have to include the name of its halal certifying body, starting next month. The Canadian Food Inspection Agency (CFIA) said Wednesday the two-year grace period it launched in 2014 for halal labelling and advertising requirements will end April 4. Past that […] Read more
U.S. grains: Wheat jumps for seventh straight day
Chicago | Reuters — U.S. wheat futures climbed for a seventh straight session on Thursday, the longest such streak in nearly two years, as a weaker U.S. dollar and concerns about adverse crop weather sparked fund short covering and other buying. Soybeans also rose for a seventh day while corn advanced for the sixth time […] Read more
CBOT weekly outlook: Corn, soy at high end of trading ranges
CNS Canada — Corn and soybean futures at the Chicago Board of Trade have moved to the high-end of their trading ranges, as the U.S. Department of Agriculture left ending stock estimates little-changed. “Looks like we’re still trading ranges, but we’re back up to the top,” said Brian Rydlund, market analyst at CHS Hedging. Corn […] Read more
U.S. grains: Soy, wheat extend winning streak
Washington | Reuters — U.S. soybean and wheat futures rose on Wednesday, the sixth straight higher close for both commodities, as technical buying and short-covering pulled prices higher after they drifted into negative territory, traders said. Corn futures closed mostly lower, weighed down by an ample supply base and some technical sales after the benchmark […] Read more
U.S. grains: Weather fears, short-covering lift prices
Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders […] Read more
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