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: Wheat, soy touch highest prices since summer 2018
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
U.S. grains: Prices slip after rallying on trade deal
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: 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