Chicago | Reuters — U.S. corn futures stabilized on Tuesday and soybean futures firmed in a mild recovery from the prior session’s steep drop on fears about the impact of the coronavirus outbreak. Wheat futures were mixed after posting fresh lows on technical selling and pressure from ample global supplies and stiff competition for U.S. […] Read more
U.S. grains: Soybeans bounce, corn stabilizes
Warm winter, weaker Russian ruble drag on wheat
U.S. grains: Corn, soy, wheat plunge on coronavirus worries
Chicago | Reuters — U.S. grain and soy futures tumbled on Monday as fears over the rapid spread of the coronavirus outbreak beyond China dragged down broader markets and underpinned the dollar. Technical selling further fuelled the drop, with corn and soybeans down nearly two per cent and wheat down almost three per cent. Corn […] Read more
Fund traders still bearish on canola
MarketsFarm — Large fund traders covered short positions in soybeans and corn during the week ended Tuesday, but continued to add to bearish bets in canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
U.S. grains: Soy, wheat, corn close lower after early gains
Traders focus on signs of tepid demand from China
Chicago | Reuters — U.S. soybean, corn and wheat futures fell on Friday, with all three commodities facing pressure after rising early in the session. Soybean futures hit their highest in more than three weeks after the U.S. Agriculture Department at its annual Outlook Forum projected domestic soybean ending stocks for the 2020-21 marketing year […] Read more
U.S. grains: Soy futures fall on China demand concerns
Chicago | Reuters — U.S. soybean futures drifted lower for the third time in four sessions on Thursday as demand from China remained quiet, stirring fresh concerns that purchases from the world’s top oilseed buyer will fall due to the spread of the coronavirus. Corn futures also weakened, pressured by a bearish U.S. acreage forecast, […] Read more
U.S. grains: Wheat, corn ease after rallies
Chicago soybean futures firm
Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday on profit taking from the previous session’s strong rally, grain dealers said. Bargain buying pulled the grain contracts from their session lows ahead of the close. “Yesterday was probably a little overdone in the wheat market,” said Jim Gerlach, president of Indiana-based A/C […] Read more
U.S. grains: Wheat futures rally, pull corn higher
Chicago soybean futures weaken
Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more
U.S. grains: Corn, soy, wheat end lower ahead of long weekend
Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more
Prairie cash wheat: Bids mostly weaker on U.S. price declines
MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more
Manitoba growers approve five-way commodity group merger
Manitoba grain growers represented by five separate commodity organizations have voted to greenlight a merger they now expect to make official by August. A total of 165 ballots were cast Wednesday and Thursday during the groups’ annual general and special meetings at the CropConnect conference in Winnipeg, with members at the various events voting between […] Read more
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