Chicago | Reuters — U.S. grain and soybean futures eased on Wednesday as the markets paused after rallying this week on demand hopes fuelled by a U.S.-China trade agreement. The long-awaited agreement included a Chinese commitment to expand purchases of U.S. farm products. However, traders are cautious about projections from Washington that deals will reach […] Read more
U.S. grains: Prices slip after rallying on trade deal
U.S. grains: Soy, corn, wheat rise for fourth straight day
Chicago | Reuters — U.S. soybean futures rose for the fourth session in a row on Tuesday, hitting their highest level since Nov. 8, following the soyoil market’s rally to its highest in nearly two years, traders said. Corn and wheat futures also extended their winning streaks as funds unwound bearish bets on hopes for […] Read more
Confluence of bullish news sends wheat futures higher
MarketsFarm — A number of factors have come together to underpin North American wheat prices, with more room to the upside after a rally in all three U.S. futures markets to start the week, according to an analyst. Chicago, Kansas City and Minneapolis wheat futures all started the week with double-digit gains. The Chicago and […] Read more
U.S. grains: CBOT corn, soy, wheat rally after trade deal
Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Monday, bolstered by hopes for improving export prospects due to increased demand from China and decreased competition from Argentina, traders said. Wheat notched the biggest gains, with the most-active Chicago Board of Trade soft red winter wheat contract surging 3.2 per cent to […] Read more
Prairie cash wheat: Mid-December bids mixed
MarketsFarm — Hard red spring wheat bids in Western Canada were mixed during the week ended Thursday, with small gains in some areas and small losses in others as the market adjusted in a narrow range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by as much as $2 […] Read more
U.S. grains: China trade news provides lift
Chicago | Reuters — U.S. soybean futures touched a three-week high on Friday after Washington and Beijing announced a “phase one” trade deal, but the market pared gains amid uncertainty about the details of the pact, including the size of any potential Chinese agricultural purchases. As part of the agreement, Beijing committed to buy an […] Read more
Feed weekly outlook: Grains pressured by lower demand
MarketsFarm — Bids for feed grains have backed off previous highs as feedlots in Western Canada are covered into the New Year. “Now they’re bidding January and forward,” said Allen Pirness of Market Place Commodities in Lethbridge. Bids for feed barley and feed wheat delivered from January to March were around $220 per tonne, according […] Read more
U.S. grains: Corn, wheat, soy rally on China trade hopes
Chicago | Reuters — U.S. corn, wheat and soybean futures rose on Thursday on fresh export demand and renewed hopes for a trade agreement with China after U.S. President Donald Trump tweeted that a deal with Beijing was “very close,” analysts said. Chicago Board of Trade March corn futures settled up 6-1/2 cents at $3.77-3/4 […] Read more
U.S. grains: Profit-taking pressures soybeans
Chicago | Reuters — U.S. soybean futures fell on Wednesday as investors took profits after six days in a row of price increases, while wheat and corn sank on technical selling. Traders shrugged off news of the largest soybean sale to China in more than eight months, in the absence of fresh signs of a […] Read more
U.S. grains: Soy, corn firm on trade deal hopes
Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary […] Read more
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