Chicago | Reuters – Chicago soybeans rallied on Friday and were set for their biggest weekly rise in 22 years as forecasts of hot and dry weather in the U.S. Midwest raised supply concerns, while strong soymeal demand added support. Corn made its biggest weekly gain in nearly five months, while wheat finished the week […] Read more
U.S. grains: Soybeans climb to biggest weekly gain in 22 years as U.S. Midwest heats up
U.S. grains: Soybeans, corn firm on anticipated heat stress; wheat follows higher
Chicago | Reuters – Chicago corn and soybean futures extended gains on Thursday, as expectations for hot and dry weather conditions in the coming weeks across parts of the U.S. Midwest threaten yields. Wheat followed higher as there was still some uncertainty about the volume of Ukraine’s exports through the Black Sea despite expectations they […] Read more
U.S. grains: Soybeans rally as U.S. forecast turns hot, dry
Chicago | Reuters – Chicago soybeans futures hit a two-week high on Wednesday as hot and dry weather in parts of the U.S. Midwest through early August threaten to degrade conditions during a crucial soybean plant development phase. Wheat eased as an agreement to reopen Ukrainian maritime grain exports moved forward, despite recent missile attacks […] Read more
CBOT weekly outlook: Weather, Ukrainian grain affecting prices
MarketsFarm – Weather-related concerns and questions whether Ukrainian grain will be exported or not were front and centre for traders on the Chicago Board of Trade during the week ended July 26. Ryan Ettner, a broker for Allendale Inc. in McHenry, Ill., said forecasts calling for a heat wave in much of the United States […] Read more
Fungal diseases posing an issue with Manitoba crops
As crop conditions vary across Manitoba, the latest crop report noted that frequent rains and warm temperatures have increased the risk of a number of fungal diseases. Manitoba Agriculture and Resource Development (MARD) said farmers continued to apply fungicides on their wheat, oats, barley, canola, and pea crops. However, wet conditions in a number of […] Read more
U.S. grains: Corn, soybeans climb as U.S. crop ratings drop
Chicago | Reuters – Chicago corn and soybean futures prices rallied on Tuesday as hot, dry conditions threatened both crops. Wheat climbed on concerns over implementation of an agreement to open a corridor for Ukrainian grain exports, following a Russian missile strike on the Ukrainian port of Odesa over the weekend. The most-active corn contract Cv1 on the Chicago […] Read more
U.S. grains: Wheat firms after Russian strike threatens Ukraine export deal
Chicago | Reuters – Wheat prices rallied on Monday after a Russian missile strike on the Ukrainian port of Odesa over the weekend raised doubts about implementation of last week’s agreement to open a corridor for grain exports from Ukraine. Soybean and corn futures followed wheat, supported by forecasts for hot, dry weather across parts […] Read more
Speculative net short position grows in canola
MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
July report from IGC has few changes
Numbers tweaked from previous month's report
MarketsFarm — Other than a few tweaks, there were no major changes in the latest monthly report from the London-based International Grains Council (IGC) released Thursday. In comparing the July report with that from June, the IGC tweaked its estimate for total global grain production for 2022-23. It trimmed output by 0.13 per cent at […] Read more
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