Shifting weather forecasts have the potential to sway soybean and corn futures within sideways trading ranges over the next few weeks as farmers in the United States focus on spring seeding.
CBOT soybeans/corn rangebound, watching weather
U.S. grains: Soybeans slide as soyoil plummets; wheat, corn sag
U.S. soybean futures fell nearly two per cent on Tuesday as falling soyoil prices dragged down the soy complex amid weak demand, deliveries against the May futures contract and market uncertainty, traders said.
Prairie groups raise concerns about proposed Bunge-Viterra merger
Concentration of services at the Port of Vancouver, consolidation of crush capacity could cost producers billions, report says
A group of Prairie producer groups say the proposed merger between Bunge and Viterra is likely to cause substantial economic harm to farmers.
U.S. grains: Wheat tumbles as Russian rain forecast spurs profit taking
Chicago benchmark wheat futures WN24 fell more than two per cent on Monday, snapping a seven-session rally, as the crop outlook in top exporter Russia improved on forecasts for rain, analysts said.
Canola net short position edges lower
The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: CBOT wheat rallies for seventh trading day on weather, crop conditions
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures turned higher for a seventh trading day on Friday on a weather driven surge that pushed the most-active wheat contract on a continual chart Wv1 to prices not seen since December. Soybean futures inched down, and corn stayed fairly flat, as traders watched for U.S. planting delays as […] Read more
Weather experts see La Niña, El Niño frequency rising
The climate phenomena known as El Niño and La Niña, which bring waves of heat, cold, rain or drought, will be more frequent and extreme in coming years, after South America suffered the most intense El Niño in decades, weather experts said on Thursday.
U.S. grains: Wheat climbs with dry weather fears continuing
Chicago Board of Trade wheat futures hit highs not seen since January for a second day, as anxiety over dry weather conditions persisted for top exporter Russia.
Canadian corn imports expected to slow in 2024/25
Early expectations point to increased Canadian grain production in 2024/25, which should cut into corn imports from the United States, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa.
U.S. grains: Wheat futures rally on dry weather concerns, Black Sea attacks
Chicago Board of Trade wheat futures continued their steady climb on Wednesday, as dry weather raised concerns in key growing regions and Russian attacks in the Black Sea area threatened to disrupt supply chains.
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