Chicago | Reuters — Chicago soybean futures fell on Wednesday as investors worried U.S.-China trade relations could escalate and as thoughts of frost impacting U.S. Midwest yields began to ease, traders said. Soybean futures faced pressure after President Donald Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that […] Read more
U.S. grains: Soybeans slip on weather, Chinese buying concerns
CBOT weekly outlook: U.S. dollar, weather hurt prices
MarketsFarm — Growing strength in the U.S. dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner rather than later. […] Read more
U.S. grains: MGEX spring wheat rallies to highest since mid-June
Chicago | Reuters — MGEX spring wheat futures rallied for the fifth day in a row on Tuesday as farmers harvesting in the northern U.S. Plains found that wet conditions had lowered the quality of the crop there. “They are talking about protein levels really taking a hit with the wet weather,” said Mark Gold, […] Read more
U.S. grains: Minneapolis, K.C. wheat futures rise
Chicago | Reuters — U.S. soybean futures rose on Monday, rebounding from a sharp drop on Friday, on fresh export deals with China and rising concerns that rains in the U.S. Midwest could lower crop quality just ahead of harvest, traders said. The adverse weather also supported corn futures while wheat futures were mixed. The […] Read more
Wet harvests hurt U.S., Canadian spring wheat quality
Chicago | Reuters — Excessively wet conditions in the northern U.S. Plains and Canadian Prairies have hurt the quality of the region’s spring and durum wheat crops, potentially tightening supplies of top grades of the grains, handlers and agronomists said. Rains and heavy dew have slowed the harvest and, worse, caused mature, un-harvested wheat kernels […] Read more
Harvest restarts in Alberta, late progress seen in all regions
Alberta Crop Report: Conditions as of September 17
Reading Time: 5 minutes Harvest operations have resumed in most parts of the province, thanks to warmer and windy conditions. However, progress has been slow, due to some shower activities bringing from less than one mm of rain in the eastern and southern parts of the province to upwards of 30 mm in some areas in the Peace Region. […] Read more
U.S. grains: Soybeans down on China trade pessimism
Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more
Cash wheat: Bids up with U.S. futures, weak loonie
MarketsFarm — Wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures, weakness in the Canadian dollar and concerns over harvest delays in Western Canada all provided support. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart on the week. […] Read more
U.S. grains: Soy firm on export sales, trade optimism
Chicago | Reuters — U.S. soybean futures firmed on Thursday as strong weekly export sales data and hopes for progress toward a U.S.-China trade deal more than offset pressure from a crop-boosting Midwest weather forecast. Corn also rose as the market weighed favourable harvest weather against signs of improved demand for the grain, while wheat […] Read more
CBOT weekly outlook: Corn, soy steady, watching harvest
MarketsFarm — Chicago Board of Trade soybean and corn futures moved off of nearby lows and generally trended higher following the U.S. Department of Agriculture’s supply/demand data released Thursday. However, attention has shifted to the looming harvest, with rangebound activity expected barring a fresh outside influence. “For this market to really move up, it will […] Read more