Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago […] Read more
U.S. grains: South America rains push soy futures down
Wheat, corn futures also drop
Fund short position hits new record in ICE canola
Traders return to net long on soybeans
MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the […] Read more
U.S. grains: Soybeans, soymeal climb on demand
CBOT wheat falls; gains in soy help lift corn
Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users, […] Read more
Feed weekly outlook: Grains see flat demand, price movement
A clearer picture of new-crop corn availability may provide direction
MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been […] Read more
U.S. grains: Wheat up off two-week low on Ukraine export uncertainty
Ukraine denies suspension of Black Sea export corridor
Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Soyoil/meal spread worth watching
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more
U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America
Rains benefit Argentina's core farmland
Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more
U.S. grains: Corn dips on harvests, technical selling
CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals
Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more
Klassen: Feeder market vulnerable to weakness
Placements higher than expected
Compared to last week, western Canadian yearling markets traded $3-$5 on either side of unchanged. Prices for 800-plus-lb. yearlings were firm in Manitoba but softened in western regions. Calf prices were relatively unchanged from week-ago levels. There were larger volumes of calves on offer with many auction barns holding feature sales. The increase in supplies […] Read more
U.S. grains: Soybean, corn futures weaken as harvests progress
CBOT wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade soybean futures finished lower on Monday as advancing U.S. harvests uncovered strong yields and increased farmers’ sales of their crops, analysts said. Pressure from harvests also hung over corn futures. U.S. farmers have finished harvesting 76 per cent of the country’s soybeans and 59 per cent of […] Read more
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