Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Fund short position grows in canola
U.S. grains: Wheat marks biggest weekly loss in nearly a year as Turkey bans imports
Chicago wheat futures Wv1 fell for an eighth day on Friday for their lowest close in a month after Turkey said it would halt wheat imports in a blow to the global demand outlook.
USDA, attaché agree on record wheat crop in India
India is well on its way to a massive wheat harvest in 2024/25, according to the United States Department of Agriculture attaché in New Delhi. The attaché was in lockstep with the USDA in predicting a record 114 million tonnes.
Prairie Wheat Weekly: Weaker U.S. wheat pulls down Prairie prices
Cash wheat prices across the Canadian Prairies were hit hard during the week ended June 6, due to sharp declines in the United States wheat complex. That resulted in double-digit losses for Canada Prairie Red Spring Wheat, Canadian Western Red Spring Wheat and Canadian Western Amber Durum.
Russia declares federal state of emergency in 10 agricultural regions
Russia said on Friday it was declaring a federal emergency in 10 regions because of damage to crops resulting from frosts in May.
U.S. grains: Corn and soy futures rise on new Brazilian tax rule
Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.
Feed Grain Weekly: Prices drift down as seeding nears completion
The recent influx of moisture across the Prairies put pressure on feed grain prices, according to an Alberta-based trader.
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
CBOT Weekly: Selling, crop conditions drive price drops
Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.
U.S. grains: Wheat falls as U.S. Plains harvest advances, Russia concerns ease
Chicago benchmark wheat Wv1 futures fell on Wednesday for the sixth day in a row, as progress in the U.S. winter harvest weighed on prices and concerns eased over the Russian crop, traders said.