Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more
U.S. grains: Chicago soybeans drop in choppy trade
Wheat futures lifted by surprise purchase from China
U.S. grains: Chicago wheat up off three-year low after steep sell-off
CBOT corn rises, soybeans flat as Brazil plantings race forward
Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more
Fund net short position grows in canola
Net long in CBOT soybeans seen declining
MarketsFarm — The managed money net short position in the ICE Futures canola market more than doubled during the week ended Tuesday on a combination of long liquidation and new bearish bets going on the books, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Sept. […] Read more
U.S. stocks data bearish for soybeans, bullish on corn
MarketsFarm — The U.S. corn carryout for the 2022-23 crop year came in below average trade guesses while soybean supplies were above expectations, according to the quarterly stocks report from the U.S. Department of Agriculture released Friday. There were 1.36 billion bushels of corn in storage in the country as of Sept. 1, which was […] Read more
U.S. grains: Chicago wheat hits three-year low
Soybeans, corn drop after U.S. grain data
Reuters — Chicago wheat futures cratered more than six per cent on Friday, hitting a three-year low after U.S. government data pegged wheat production above analysts’ expectations. Soybean futures also closed sharply lower on larger-than-forecast domestic stockpiles, and the drop in both commodities dragged down corn prices. The U.S. Department of Agriculture (USDA) estimated the […] Read more
Feed weekly outlook: Barley bids near bottom post-harvest
Feed corn values narrowing against barley
MarketsFarm — After a better-than-expected harvest across the Canadian Prairies, feed grain prices on the region either have bottomed out or soon will, according to Evan Peterson of JGL Commodities in Saskatoon. “They’ve dropped significantly in the past three to four weeks as harvest pressure kicked off,” he said, citing feed barley going into feedlot […] Read more
U.S. grains: Corn hits one-month high ahead of USDA data
Chicago soy falls on energy drop; wheat ticks down
Reuters –– Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said. The markets are waiting for the U.S. Department of Agriculture to issue quarterly grain stocks data on Friday. The most-active corn contract on the Chicago Board […] Read more
CBOT weekly outlook: Soy, corn trade watch harvest weather
USDA to publish quarterly stocks data Friday
MarketsFarm — Harvest operations for soybeans and corn are in their early stages, with seasonal selling pressure likely to limit any upside potential in the futures markets over the next few weeks. However, both commodities have found nearby support on the other side keeping values rangebound overall. The U.S. soybean harvest was 12 per cent […] Read more
U.S. grains: Corn, soyoil boosted by rising energy prices
Wheat down on reports of low-priced Egyptian import tender
Reuters — Chicago corn futures rose on Wednesday, rebounding from losses a day earlier, as ethanol feedstock enjoyed a boost from a rise in energy prices that also lifted soyoil futures, analysts said. Wheat futures fell at the Chicago Board of Trade, and K.C. hard red winter wheat futures hit a two-year low. The most-active […] Read more
Tightening canola stocks projected, AAFC says
Wheat, barley, oat, pea stocks also projected lower
MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one […] Read more
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