Chicago | Reuters –– U.S. wheat fell as much as two per cent on Thursday, capping its second straight monthly decline on pressure from improving crop conditions in the southern U.S. Plains and disappointing weekly export sales. Corn and soybeans also were lower at the Chicago Board of Trade, weighed down by favourable weather for […] Read more
U.S. grains: Wheat slumps on record-large export cancellations
U.S. grains: Corn, wheat rebound on technicals, dollar declines
Chicago | Reuters — U.S. grains jumped as much as one per cent on Wednesday, with corn rebounding from a six-month low and wheat from a nearly five-year low on support from short covering and a weaker U.S. dollar. Soybeans also gained at the Chicago Board of Trade, buoyed by a strike of boat captains […] Read more
CBOT weekly outlook: Soybean/corn ratio too wide, expected to narrow
CNS Canada — The widening spread between corn and soybean futures at the Chicago Board of Trade (CBOT) should be supportive for corn but a bearish factor in soybeans, as the two crops have moved in opposite directions over the past week, according to an analyst. Soybeans moved to their highest levels in a month […] Read more
Crop prices tied to petroleum and that’s not good for farmers
British economist says the biofuel boom led to a massive increase in production of grains and oilseeds, which firmly linked agriculture to energy markets
Reading Time: 2 minutes Producers in the FarmTech conference room looked crestfallen after David Jackson told them the global oilseed market is tied to petroleum — and that oil prices will remain low for a long time. “A lot of it is out of your control,” said the British economist and director of oilseeds at LMC International, a global […] Read more
Quebec police bust alleged veg-oil theft ring
Updated — Seven people in Montreal and Laval were arrested Thursday morning and more arrests are expected, linked to what provincial and local police allege has been a major theft ring for used cooking oil. The Surete du Quebec’s Montreal division and the Service de police de Laval said Thursday the seven are alleged to have […] Read more
Wheat up fourth straight day, eye on export demand
Chicago wheat futures rose for a fourth straight session on Monday amid expectations a likely export ban in Ukraine would shift overseas buyers to the United States and on concerns about dry weather in the southern Plains bread basket. Soybeans rallied to recoup Friday’s losses as the largest harvest in the world began to wind […] Read more
Grain prices in 3-day retreat; has rally paused or peaked?
Grains fell for a third straight session on Thursday on mild relief from the severe drought in the U.S. Midwest farm belt, raising questions if the biggest two-month rally in corn since the last major drought in 1988 may have peaked. Light showers overnight in the Midwest and some switching out of investments to the […] Read more
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