Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Speculators finally backing away from bearish bets in canola
U.S. grains: Wheat continues downward trend, soy and corn rise on short covering
Chicago Board of Trade wheat futures weakened on Friday as plentiful global supplies and weak demand anchored the market, analysts said.
Prairie wheat bids rise as U.S. futures attempt recovery
Spring wheat bids in Western Canada moved higher during the week ended March 14, as wheat futures in the United States tried to recover off their lows.
Weed seed destructors rare on Canadian farms
The devices are slowly gaining momentum in this country
Reading Time: 2 minutes Glacier FarmMedia – About 30 weed seed destructors were used last fall on farms across Canada, says an Agriculture Canada scientist. That isn’t a lot, as the country has some 50,000 grain farms that buy about 2,000 new combines every year. But adoption of the destructors, which pulverize weed seeds before they exit the combine, […] Read more
U.S. grains: Wheat and corn plunge on poor export news, soy follows lower
Chicago Board of Trade wheat futures plunged on Thursday to approach their lowest level since 2020 and dragged corn prices down on spillover weakness, analysts said.
IGC sees world crop production rising in 2024/25
World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.
U.S. grains: CBOT corn futures ease on technical selling, US planting plans
Chicago Board of Trade (CBOT) corn futures eased on technical selling on Wednesday, as market participants sought profits and assessed U.S. spring planting, analysts said.
CBOT Weekly: ‘Beaten up’ prices make their way upwards
After weeks of tumbles toward new contract lows, the month of March is looking mighty so far for grains on the Chicago Board of Trade (CBOT).
Canola sector anticipates biofuel boom
Renewable fuels could give canola demand ‘unprecedented’ growth
Reading Time: 5 minutes Glacier FarmMedia – Increased demand driven by the biofuels market will put upward pressure on canola prices. The biofuels industry could drive canola demand into uncharted territory in the coming decade, says one industry expert. “The capacity of crush could grow from 11.3 million metric tonnes today to 18 million metric tonnes in three or […] Read more
U.S. grains: Soybeans, wheat rise on technical trading, poor Brazilian weather
Chicago Board of Trade wheat and soybean futures all turned higher on Tuesday as a stubbornly bearish market gained support from weather issues in Brazil and a flurry of short covering as funds shift out of their huge net short positions.