Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users, […] Read more
U.S. grains: Soybeans, soymeal climb on demand
CBOT wheat falls; gains in soy help lift corn
U.S. grains: Wheat up off two-week low on Ukraine export uncertainty
Ukraine denies suspension of Black Sea export corridor
Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more
ICE weekly outlook: Canola pulling lower
Futures subject to 'financial gravity'
MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Soyoil/meal spread worth watching
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more
U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America
Rains benefit Argentina's core farmland
Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more
U.S. grains: Corn dips on harvests, technical selling
CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals
Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more
U.S. grains: Soybean, corn futures weaken as harvests progress
CBOT wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade soybean futures finished lower on Monday as advancing U.S. harvests uncovered strong yields and increased farmers’ sales of their crops, analysts said. Pressure from harvests also hung over corn futures. U.S. farmers have finished harvesting 76 per cent of the country’s soybeans and 59 per cent of […] Read more
Managed money adding to net short positions in canola
Canola at biggest net short position in months
MarketsFarm — Managed money fund traders remain bearish canola, growing the net short position in the ICE Futures market to the second largest level of the past year, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 17, the net managed money short position in […] Read more
U.S. grains: Corn drops back below US$5
Soybeans down off one-month high
Chicago | Reuters — Chicago Board of Trade corn futures closed lower after hitting their highest price since August on Friday, while soybean futures retreated from a one-month high. Traders took profits after the markets rose earlier on concerns about a drought in Brazil disrupting grain shipments on rivers and slowing soy plantings, analysts said. […] Read more
New drought in Argentina threatens ‘massive losses’
Rosario Grains Exchange report sees little relief on horizon
Reading Time: < 1 minute Argentina’s core agricultural farmland could suffer “massive losses” in wheat yields due to another drought, the Rosario Grains Exchange warns, even as the country reels from a drought in the last cycle deemed the worst in 60 years. The exchange has not yet changed its forecast for a 15 million tonne wheat harvest for the […] Read more
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