Chicago | Reuters — Chicago Board of Trade soybean and corn futures fell on Tuesday as investors squared positions ahead of the U.S. government’s key monthly reports on global supply and demand. Traders were focused on the size of the corn and soybean harvests in Argentina as drought stressed the crops in that key global […] Read more
U.S. grains: Corn, soybeans fall ahead of USDA report
U.S. wheat futures end mixed
Search for the holy grail of N fertilizer continues
You can now buy nitrogen-fixing bacteria for your crops but when it comes to wheat, the jury is out
Reading Time: 5 minutes A real-world test of nitrogen-fixing bacteria conducted in Alberta was a bust when it came to boosting yields, but no one is throwing in the towel yet. “It’s too early to tell. You can’t base anything off one year worth of trial data,” said Erek Bishop, a participant in one of four trials of Utrisha […] Read more
U.S. grains: Soy futures fall on technical selling
Corn edges higher; wheat weak
Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about […] Read more
U.S. grains: Soymeal futures set multi-year high while soybeans decline
CBOT wheat down off one-month top; CFTC trading report to be delayed
Chicago | Reuters — U.S. soybean futures declined on Friday on spillover weakness from crude oil prices and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2-year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn […] Read more
U.S. grains: Soybean futures climb as soymeal soars
Chicago corn retreats, wheat inches higher
Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn export sales in the latest […] Read more
China top destination for Canadian grains, oilseeds
CGC data points to key destinations
MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to […] Read more
Argentina soybean crop smaller than expected, USDA attaché says
MarketsFarm — Argentina’s 2022-23 soybean crop is likely much smaller than official projections as high temperatures and a lack of moisture cut into yields, according to an update from the U.S. Department of Agriculture’s Buenos Aires attaché. The USDA post from the South American country pegged the soybean crop at only 36 million tonnes, which […] Read more
CBOT weekly outlook: Weather outweighs U.S. Fed rate hike announcement
'People are returning to the Argentine situation'
MarketsFarm — Week-long rallies for grain futures on the Chicago Board of Trade (CBOT) were disrupted by the U.S. Federal Reserve’s latest key interest rate announcement on Wednesday. The Fed revealed it is raising its key interest rate by 25 basis points in its ongoing fight against inflation. While the central bank acknowledged inflation is […] Read more
U.S. grains: Soy sags as Brazil’s harvest looms
Wheat mixed, corn ends firm
Chicago | Reuters — U.S. soybean futures fell about one per cent on Wednesday as traders focused on the expanding harvest of a likely record-large soy crop in Brazil and positioned for the U.S. Federal Reserve’s decision on interest rates, analysts said. Wheat futures ended mixed, with the most-active March contract down on profit-taking, while […] Read more
U.S. grains: Wheat futures firm; technical resistance weighs
Chicago soybeans up, corn down
Chicago | Reuters — Chicago wheat futures gained on Tuesday as traders eye winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season, though futures struggled against technical resistance. Soybeans futures ended up, though prices were pressured by a correction in the soymeal charts, traders said. Corn futures ended lower, […] Read more