Chicago | Reuters — U.S. grain and soybean futures crumbled on Friday as traders booked profits after being spooked by a U.S. air strike in Iraq that escalated geopolitical tensions in the Middle East. The strike that killed Iran’s most prominent military commander put markets on edge and opened the door for a setback a […] Read more
U.S. grains: Futures weaken as Iraq strike rattles markets
U.S. grains: Wheat, soy hit 2018 highs
Chicago | Reuters — U.S. grain and soybean futures hit 2018 highs to start the new year as traders continued to expect increased Chinese demand once Washington and Beijing ink an initial trade deal. The gains on Thursday extended annual advances from 2019, a year marked by farmer stress over the U.S.-China trade war and […] Read more
U.S. grains: Futures notch yearly rises on China demand hopes
Chicago | Reuters — U.S. wheat, corn and soybean futures posted annual gains in 2019 after an initial U.S.-China trade deal that could boost agricultural exports helped prices rally toward the end of the year. The crop futures finished little changed on Tuesday as markets wound down during the last session of the year and […] Read more
U.S. grains: Soybeans set highest price since June 2018
Chicago | Reuters — U.S. soybean futures on Monday rose to their highest price since June 2018 on expectations that Washington and Beijing will soon sign an initial trade deal that will increase American agricultural exports. China agreed to import more U.S. farm goods under the Phase 1 deal struck this month, providing support for […] Read more
U.S. grains: Wheat, soy touch highest prices since summer 2018
Chicago | Reuters — U.S. wheat and soybean futures on Friday touched their highest prices since summer 2018 on expectations for increased Chinese buying as a result of an initial trade deal. Soybeans closed lower in a retreat from the gains. The markets continued to focus on prospects for more U.S. sales to China after […] Read more
U.S. grains: Soybeans hit highest price since June 2018
Chicago | Reuters — The most actively traded U.S. soybean futures contract rose on Thursday, touching its highest price since June 2018 on optimism about U.S.-China trade. Traders and farmers hope China, the world’s biggest soybean importer, will ramp up U.S. purchases following a recently struck Phase 1 trade deal, which includes a commitment by […] Read more
Quality counts and tweets have an impact, grain reps on trade mission learn
A whirlwind tour of Central and South America was an eye-opener for Magrath producer Gary Stanford
Reading Time: 4 minutes Your social media pictures and tweets can actually have an impact on the international grain trade. This was one of the many things Alberta Wheat chair Gary Stanford learned on a two-week New Crop Mission to Central and South America last month. “South American countries are very happy with Canadian wheat, because they have learned […] Read more
Prairie cash wheat: Rising futures underpin bids
MarketsFarm — Hard red spring wheat bids in Western Canada posted solid gains during the week ended Thursday, taking some direction from rising U.S. wheat futures. Average Canada Western Red Spring (CWRS, 13. 5 per cent protein) wheat prices were up by $5-$7.50 per tonne, according to price quotes from a cross-section of delivery points […] Read more
U.S. grains: Soybeans, corn rise as traders adjust positions
Chicago | Reuters — U.S. soybean and corn futures ticked higher on Friday as traders adjusted positions ahead of the year-end holidays. Lingering uncertainty over demand prospects created by a U.S.-China trade deal hung over the markets. Crop prices increased after Washington and Beijing last week struck a ‘Phase One’ trade deal that includes a […] Read more
U.S. grains: Soy futures ease on rains in South American forecasts
Reuters — U.S. soybean futures edged lower on Thursday, retreating from a five-week high touched earlier this week as traders expected rains to benefit rival suppliers in South America. Favourable crop weather could boost production in Argentina and Brazil, increasing global supplies and competition for export sales to buyers like China. Rains will ease dry […] Read more
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