Chicago wheat futures eased on Tuesday as geopolitical tensions between Russia and Ukraine faded into the background and brisk exports of Black Sea wheat continued to pose tough competition to U.S. wheat exports, traders said.
U.S. grains: Wheat slips as concerns over Black Sea tensions fade
U.S. grains: Wheat and corn slip on profit taking, soy also falls
Chicago wheat futures dipped from three-month highs on Monday on profit taking following the previous week's rally sparked by crop concerns in Europe and escalating tensions between Russia and Ukraine, traders said.
Fund traders add to bearish bets in canola
Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
StatCan revises canola production lower
Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
U.S. grains: CBOT wheat hits 12-week peak on Black Sea tensions
Chicago Board of Trade wheat futures reached a 12-week high on Friday as escalating tensions in Russia's war with Ukraine increased uncertainty about Black Sea exports.
U.S. grains: Corn ends higher despite USDA raising US yield outlook
Chicago Board of Trade corn futures ended higher on Thursday, rebounding from a drop to near two-week lows after the U.S. Department of Agriculture (USDA) raised its estimate of the U.S. corn crop, traders said.
USDA’s September numbers meet trade expectations
Coming within market expectations was essentially the central theme in the September supply and demand report (WASDE) from the United States Department of Agriculture released on Sept. 12.
La Niña weather 71 per cent likely to develop in Sept-Nov, says US forecaster
There is a 71 per cent chance of La Niña weather conditions developing during the September to November period, a U.S. government forecaster said on Thursday.
U.S. grains: Wheat climbs to one-week high; soy, corn firm ahead of USDA data
U.S. wheat futures hit a one-week high on Wednesday, supported by signs that supply pressure from the Black Sea export region may be easing, analysts said.
Bayer launches VT4PRO at Canada’s Outdoor Farm Show 2024
Bayer CropScience is bringing a new weapon to the fight against corn rootworm and other yield-robbing insects, VT4PRO.
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