Commodity News Service Canada – Brazil could be on pace to export as much as 31 million to 34 million tonnes of corn by the end of the 2015/16 marketing year, according to Pedro Dejneka, the executive director of AgResource’s Latin America division, speaking at the Cereals North America conference in Winnipeg on November 3. […] Read more
Large Brazilian corn exports to continue
U.S. grains: Wheat firms on technical buying; corn, soy also firm
Chicago/Reuters – Wheat prices rose about 1.4 per cent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 per cent a day earlier was overdone, traders said. Corn and soybeans were also higher, supported by firm U.S.cash markets. At the Chicago Board of Trade as of 12:54 p.m. CST (1854 GMT), December wheat was […] Read more
U.S. grains: Wheat falls most in two months; soybeans, corn follow
Winnipeg/Reuters – Chicago wheat futures fell nearly 3 per cent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting U.S. government crop data later on Monday to see if […] Read more
U.S. grains: Wheat hits biggest weekly gain in nearly four months
Chicago / Reuters – U.S. wheat futures prices jumped 1.5 per cent on Friday and posted their biggest weekly gain in nearly four months, as traders positioned themselves ahead of a highly anticipated U.S. Department of Agriculture November supply and demand report. Chicago Board of Trade December soft red wheat closed at $5.22 a bushel, […] Read more
Feed Grains: IGC raises world grain production estimate
By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, October 29. – CBOT corn futures were higher on Thursday, with the December contract up four cents, at US$3.8000 per bushel, as solid weekly export demand provided some support. – The International Grains Council […] Read more
Global Markets: Canadian economy grows for third month
By Commodity News Service Canada WINNIPEG, October 30 – The following is a glance at the news moving markets globally. CANADIAN ECONOMY GROWS FOR THIRD MONTH IN A ROW Canada’s economy grew 0.1 per cent in August, for the third consecutive month, Statistics Canada said in a report on Friday. In June the economy rose […] Read more
U.S. grains: Wheat, corn close firm on technical buying; soybeans slip
CHICAGO / Reuters – U.S. wheat futures rallied nearly 2 per cent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said. A pickup in exports also boosted corn futures, as technical buying lent further support to both corn and wheat after prices dipped during the overnight trading session. […] Read more
U.S. grains: Soy nears three-week low on Brazil rains, demand worries
Chicago | Reuters – U.S. soybean futures dropped to their lowest levels in nearly three weeks on Wednesday on expectations for rains to benefit plantings in Brazil, the world’s top exporter. Concerns about slowing demand from China, the world’s top importer, added pressure to prices. Rain showers in Brazil will help farmers move forward with planting […] Read more
Klassen: Live cattle futures lead feeder market higher
Western Canadian feeder cattle prices continued to climb last week for the second week in a row, as feedlot buying interest absorbed larger available supplies. Calves over 600 lbs. and yearlings were $3-$6 above week-ago levels on average while calves under 600 lbs. traded $5-$10 higher. Weakness in the Canadian dollar enhanced demand from south […] Read more
Feed Grains: EU votes down proposed GMO opt-out
By Commodity News Service Canada Winnipeg, October 28 – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, October 28. – CBOT corn futures were weaker on Wednesday, with the December contract quoted at US$3.7750 per bushel at midsession, as the advancing US harvest weighed on values. – The […] Read more
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