MarketsFarm — Despite lighter trading on the Chicago Board of Trade (CBOT) due to the holiday season, grain markets were still on the move before and after Christmas. Ryan Ettner, a commodity broker for Allendale Inc. at McHenry, Ill., said that while most high-volume traders will still be away for the next few days, there […] Read more
CBOT weekly outlook: Grains show strength as 2022 comes to close
U.S. grains: Soy firm on Argentina weather, China demand hopes
Wheat market awaits U.S. winterkill assessment
Chicago | Reuters — Chicago soybean futures rose for a third consecutive session on Wednesday as traders watched weather forecasts in Argentina for signs of much-needed rainfall, while China’s dismantling of COVID-19 restrictions raised hopes for improved demand. Corn also found support from uncertain weather in South America, while wheat lifted as trade kept monitoring […] Read more
U.S. grains: Soybeans end higher
Traders weigh Argentine dryness, U.S. exports; winter wheat underpinned by fears of winterkill damage; corn up on export news
Chicago | Reuters — Chicago soybean futures ended slightly higher on Tuesday after jumping to six-month highs earlier in the day, supported by continued dryness in major soymeal exporter Argentina. Corn lifted after U.S. exporters reported a daily sale of 177,500 tonnes of corn for delivery to Japan, the U.S. Department of Agriculture said. Wheat […] Read more
U.S. grains: Freezing temperatures threaten winter wheat, lift prices
Forecasts of weekend rains in Argentina keep lid on soy, corn
Chicago | Reuters — Chicago wheat futures climbed on Friday, gaining for a second consecutive week as frigid temperatures threaten winter wheat crops across the U.S. Plains and into the Midwest. Fresh export activity in soybeans and corn added support, though gains were limited by much-needed rainfall in Argentina that will boost the rival export […] Read more
U.S. grains: Soybeans ease on South American rainfall
Forecasts of freezing weather in U.S. Midwest support wheat; corn near even
Chicago | Reuters — Chicago soybean futures dropped on Thursday, pressured by South American forecasts for more rain which could relieve parched soy crops in Argentina. Corn and wheat weakened, holding on to some of the previous day’s gains as extreme winter weather threatens winter wheat crops in the U.S. Plains and Midwest. The Chicago […] Read more
ICE weekly: Canola regains strength after days of declines
MarketsFarm — After a losing string of four straight sessions, the ICE Futures March canola contract regained some strength on Wednesday. Limited and choppy trading in nearby soybean contracts had pulled down canola for most of the week, according to Winnipeg-based independent trader Jerry Klassen. “When the March got up to $868-$870 (per tonne)… there […] Read more
U.S. grains: Wheat climbs on winterkill worries
Corn, soy firm on South American dryness
Chicago | Reuters — Chicago wheat futures climbed on Wednesday, as forecasts for temperatures well below freezing across the U.S. Midwest threatened winter crops heading into the holiday weekend. Corn and soybeans inched higher, supported by firmer wheat and weather conditions in South America. The most-active wheat contract on the Chicago Board of Trade (CBOT) […] Read more
U.S. grains: Soybeans end higher with South America in focus
Wheat even; supplies from Black Sea region weigh against U.S. cold snap
Chicago | Reuters — Chicago soybean futures added on Tuesday as traders watched South American weather, though prices could not break above resistance around US$15 a bushel. “We’re at a key level that’s stopped this market several times,” said Kristi Van Ahn-Kjeseth, chief operating officer at consulting firm Van Ahn and Co. “You get to […] Read more
U.S. grains: Rains in drought-hit Argentina pressure CBOT futures
Recession fears add pressure to markets, analysts say
Chicago | Reuters — Chicago Board of Trade grain and soybean futures slid on Monday after beneficial rains hit Argentina’s drought-stricken agricultural zone, analysts said. Argentina is the world’s leading exporter of processed soy, but its usually green Pampas plains have been hit by a historic drought that is preventing many farmers from planting their […] Read more
U.S. grains: Corn, wheat futures fall on fund selling
Soybean futures rise
Chicago | Reuters — U.S. corn and wheat futures dipped on Friday, with concerns about a weakening global economy deterring traders from extending gains made earlier this week. “Fund managers continue to interpret their supply and demand fundamentals through a lens coloured by recession fears,” Arlan Suderman, chief commodities economist at brokerage StoneX, said in […] Read more
Cyber-Savvy Farmer
