The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.
ICE canola weekly outlook: Peaks likely in for the season
CBOT Weekly: Selling, crop conditions drive price drops
Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.
U.S. grains: Wheat falls as U.S. Plains harvest advances, Russia concerns ease
Chicago benchmark wheat Wv1 futures fell on Wednesday for the sixth day in a row, as progress in the U.S. winter harvest weighed on prices and concerns eased over the Russian crop, traders said.
Manitoba farmers make good progress despite rain
Spring planting in Manitoba entered the home stretch at 83 per cent complete as of June 5. Manitoba Agriculture reported a 19-point gain from the previous week as farmers contended with wet conditions across much of the province.
ADM says its head of global supply leaving company
Camille Batiste, Archer-Daniels-Midland's senior vice president of global supply chain and procurement and a member of its executive council, is leaving the company next month, according to an internal email seen by Reuters on Tuesday and later confirmed by ADM.
U.S. grains: Corn, soy down as traders weigh weather and planting progress
Chicago Board of Trade corn and soy dipped in choppy trade on Tuesday as traders weighed U.S. planting progress and strong corn ratings with adverse weather in importer Mexico and downgrades to soybean harvest forecasts in major exporter Brazil.
US farmers opt for soy to limit losses as all crop prices slump
In March, the U.S. Department of Agriculture forecast farmers would plant 86.5 million acres of soybeans nationwide this spring, the fifth most ever. Some analysts expect soybean acres to increase by another million acres or more as heavy rains close the window on corn planting.
U.S. grains: Corn and soy slip on positive crop progress outlook
Chicago Board of Trade corn and soybean futures fell on Monday on shaky demand, technical trading and expectations of strong seeding progress and crop condition for corn later in the day, traders said.
Clock ticking on potential border strike, union says
Most border workers are classified essential and must continue to work in a strike, feds say
The union representing Canadian border workers says its members could strike as soon as Thursday.
Bigger cereal, pulse crops for Australia as canola contracts
Winter crop production in Australia has been projected to increase nine per cent at 51.3 million tonnes for 2024/25. That’s according to the Australian Bureau of Agricultural and Resource Economics and Sciences which issued its latest supply and demand report on June 3.