Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Monday, dipping below the US$10-per-bushel threshold the market hit for the first time in 2-1/2 months last week. “Soybeans are lower, giving back some of last week’s gains on profit taking,” Farm Futures analyst Bryce Knorr said in a note to clients. Soybean […] Read more
U.S. grains: Soybeans drop below $10 on profit-taking
Seventy-seven per cent of crops harvested, soil moisture conditions improve
Alberta crop conditions as of October 10
Reading Time: 2 minutes Harvest is complete in the Southern Region and nearly complete in the Central Region, while the northern regions in the province are still in mid-harvest. This past spring, the northern regions had some challenges with the harvesting of over-wintered crops which led to late seeding. As well, for these regions, rain, combined with snow and […] Read more
U.S. grains: Front-month soy tops US$10
New York | Reuters — U.S. spot soybean futures closed above US$10 a bushel on Friday, the highest in 2-1/2 months, on follow-through buying a day after the U.S. Department of Agriculture lowered its estimate of the U.S. average soy yield, analysts said. Corn futures rose on a bigger-than-expected weekly export sales tally and wheat […] Read more
U.S. grains: Soybeans jump after USDA cuts yield estimate
Chicago | Reuters — Chicago soybean futures jumped to a 2-1/2-month high on Thursday after the U.S. Department of Agriculture lowered its U.S. soybean yield estimate in a monthly report, bucking trade expectations for a slight increase. Corn futures followed soybeans higher, rallying after front-month December set a contract low, while wheat futures retreated. Chicago […] Read more
U.S. grains: Corn, wheat hit one-month lows
Chicago | Reuters — U.S. corn and wheat futures fell to one-month lows on Wednesday, a day ahead of monthly U.S. Department of Agriculture reports that are expected to confirm big crops and plentiful global grain supplies, analysts said. Soybeans closed fractionally lower after a choppy session. Chicago Board of Trade December corn settled down […] Read more
U.S. grains: Corn, soybeans, wheat end modestly lower
Chicago | Reuters — U.S. corn and soybean futures closed fractionally lower Tuesday on technical selling, bucking strength in other commodity markets, including crude oil. Wheat futures on the Chicago Board of Trade also fell, with the spot December contract hitting a four-week low as traders positioned for monthly U.S. government reports due Thursday. The […] Read more
U.S. grains: Wheat nears four-week low on weak export demand
Chicago | Reuters — Chicago wheat futures fell to a near four-week low on Monday on plentiful global inventories and weak demand for U.S. supplies, analysts said. Soybeans turned down after touching a two-week high and corn drifted lower on a day when U.S. government offices, including the Department of Agriculture, were closed for the […] Read more
Snow, killing frost puts brakes on harvest, crop quality better than expected so far
Alberta crop conditions as of October 3
Reading Time: 2 minutes Over the weekend, an intense and large system delivered cold, wet weather across the province which caused significant snowfall in some areas and brought killing frost to almost all areas across the province. The recently wet conditions also increased soil moisture levels, especially, in the Southern and Central Regions, pausing the harvest operations for a […] Read more
U.S. grains: Soy hits one-week top
Chicago | Reuters — U.S. soybean futures climbed to a one-week high on Friday, buoyed by a light surge of buying in the closing minutes of trade following a dull, largely technical session, analysts said. Wheat and corn also closed with modest gains. Chicago Board of Trade November soybeans settled up four cents at $9.72-1/4 […] Read more
U.S. grains: Soybeans, corn rise as harvest slows
Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Thursday to their highest level in nearly a week, supported by reports of some disappointing yields in key Midwest production areas and technical buying, traders said. Concerns about rains slowing down the U.S. harvest, which was already behind the typical pace, added strength […] Read more