Chicago | Reuters — U.S. soybean futures fell more than one per cent on Thursday on concerns about burdensome supplies and weak export demand as the U.S. trade war with China continues, analysts said. Wheat futures rose on short-covering and worries about drought in Australia, and corn edged higher, despite bearish weekly U.S. ethanol statistics. […] Read more
U.S. grains: Soybeans sag on demand worries
U.S. grains: Corn extends slide on crop prospects
Chicago | Reuters –– Chicago corn futures fell for a third straight session on Wednesday, setting life-of-contract lows as improving crop ratings and benign weather forecasts raised confidence in U.S. harvest prospects, traders said. Wheat rose, with benchmark Chicago wheat rebounding from a three-month low set a day earlier and K.C. and Minneapolis hard wheat […] Read more
U.S. grains: Wheat sags on abundant global supplies
Chicago | Reuters — Chicago Board of Trade (CBOT) soft red winter wheat futures fell to three-month lows on Tuesday while U.S. hard wheat futures hit their lowest levels in a decade, pressured by ample world supplies and strong export competition, analysts said. Corn futures fell to life-of-contract lows on mild crop weather that bolstered […] Read more
Brazil expected to introduce tariff-free wheat import quota from 2020
Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more
Cash wheat: Western Canadian bids mixed
MarketsFarm — Wheat bids in Western Canada were mixed for the week ended Thursday. Small gains and marginal losses were observed in CWRS, CPSR and durum wheats. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were down $3-$5 per tonne at most locations. The outlier was in northwestern Saskatchewan, where prices […] Read more
U.S. grains: Spring wheat sinks to 10-year low on burdensome supplies
Chicago | Reuters — U.S. spring wheat futures tumbled to a 10-year low on Friday under pressure from massive supplies, cutting prices for makers of artisanal breads, bagels and pizza crust. The decline hurts farmers across North Dakota, South Dakota and Minnesota who are in the process of harvesting a large crop for the second […] Read more
Feed weekly outlook: New-crop expectations weigh on bids
MarketsFarm — Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann of Agfinity at Stony Plain, Alta. New-crop feed barley is trading […] Read more
U.S. grains: Corn, soy set one-week highs on weather concerns
Chicago | Reuters — U.S. corn and soybean futures touched one-week highs on Thursday as traders worried about the risk of frost damage to this year’s late planted U.S. crops, analysts said. Traders were also covering short positions after recent declines and ahead of the three-day Labour Day weekend. They remain nervous about the potential […] Read more
U.S. grains: Corn, soy rise from multi-month lows
Chicago | Reuters — U.S. corn and soybean futures pushed higher on Wednesday because of uncertainty about the size of the autumn harvests and concerns that prices had dropped too low. The gains came after the most actively traded corn contract earlier in the session dropped to its lowest price in more than three months […] Read more
U.S. grains: Soy slumps on improved crop rating
Chicago | Reuters –– U.S. soybean futures retreated on Tuesday on improving crop prospects and a lack of progress in trade talks with China, the world’s top importer of the oilseed, traders said. Prices took a hit after soybeans climbed on Monday on short covering and hopes for easing tensions in the trade war between […] Read more
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