Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more
U.S. grains: Soybean futures set two-week high
Prairie cash wheat: CWRS prices up, durum largely down
MarketsFarm — Wheat bids in Western Canada were mostly steady to higher for the week ended Thursday. There were gains for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. However, Canada Western Amber Durum (CWAD) wheat was steady to lower. The Canadian dollar gained six-10ths of a cent during the week. […] Read more
U.S. grains: Soy futures rise as China offers tariff waivers
Chicago | Reuters — U.S. soybean futures rose for a fourth consecutive session on Friday as China said it would waive import tariffs for some U.S. farm products, renewing optimism for a possible trade agreement between Washington and Beijing. Tariff waivers will be based on applications by individual companies for U.S. soybean and pork imports, […] Read more
StatsCan report puts canola production at lowest since 2015
MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
U.S. grains: Soy futures follow rally in soymeal
Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more
Trade’s crop estimates vary ahead of StatsCan report
MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more
U.S. grains: Soy rises on trade hopes
Chicago | Reuters — U.S. soybean futures rose on Wednesday, buoyed by renewed optimism about a U.S.-China trade deal as well as some bargain buying, traders said. Corn futures were lower, giving up early gains on technical selling, while wheat futures firmed after two days of sharp declines. Investors were reassured by a Bloomberg report […] Read more
U.S. grains: Wheat futures drop sharply
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures sagged 1.8 per cent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S. corn futures closed narrowly mixed, with nearby contracts weighed down by the drop in […] Read more
U.S. grains: Corn futures firm on technical buying
Chicago | Reuters — U.S. corn futures firmed on Monday, edging up to their highest in nearly a month on a round of technical buying despite signs of poor demand, traders said. Soybean futures fell, with traders waiting for concrete signs of progress in trade negotiations between the U.S. and China before buying into a […] Read more
Prairie cash wheat: Improved basis underpins bids
MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3 […] Read more
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