Chicago | Reuters — U.S. soybean futures closed higher on Tuesday as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. Corn firmed, led by soybeans, but wheat futures fell after USDA raised its forecasts of U.S. and global […] Read more
U.S. grains: Soy climbs on hopes for China buying
U.S. grains: Soy, wheat decline on persistent demand worries
Chicago | Reuters — U.S. soy and wheat futures fell on Monday on positioning ahead of a monthly U.S. Department of Agriculture crop supply/demand report and uncertainty about the ongoing U.S.-China trade dispute, traders said. A higher dollar added pressure, making U.S. grains less competitive on global markets. Corn followed the weak trend but found […] Read more
Fall rye’s popularity catching on Prairies
CNS Canada — It’s good and bad news when it comes to winter cereal acreage in Western Canada. Winter wheat acres in Manitoba and Saskatchewan are down this fall, while acreage in Alberta increased, and fall rye acres in all provinces rose. “I think a lot of the guys that were growing winter wheat have […] Read more
U.S. grains: Soybeans firm on China trade hopes
Chicago | Reuters –– U.S. soybean futures firmed for the fifth time in six sessions on Friday on solid weekly export sales data and short-covering ahead of the weekend as the market waited for signs that China may soon resume purchases from the United States. Corn also advanced and wheat climbed to a 5-1/2 week […] Read more
U.S. grains: Soybeans dip as Huawei arrest clouds trade detente
Chicago | Reuters — U.S. soybean futures fell for the first time in five sessions on Thursday as the arrest of a senior executive at China’s Huawei Technologies Co. stoked concerns about a U.S.-China trade truce that has yet to produce a resumption of U.S. soybean sales to China. Corn followed soybeans lower, although declines […] Read more
U.S. grains: China sales hopes lift soy, wheat sinks on demand worry
Chicago | Reuters — U.S. soybean futures inched higher for a fourth straight session on Wednesday in light trading as investors sought clues as to whether a truce between Washington and Beijing in their trade dispute would revive U.S. soybean sales to China. Corn, which could also benefit from renewed Chinese demand, ended little changed. […] Read more
U.S. grains: Soybeans edge upward, still await promised Chinese buying
Chicago | Reuters — U.S. soybean futures edged higher on Tuesday on hopes that a U.S.-China trade war truce over the weekend would result in fresh Chinese demand for U.S. soybeans, although no deals have been confirmed. Corn also firmed slightly, following soybeans, while wheat ended mixed on light demand. At Saturday’s G-20 meeting in […] Read more
U.S. grains: Soybeans strike post-harvest highs on trade truce
Chicago | Reuters — U.S. soybean futures rallied to their highest since at least August on Monday, joining a broad rally in commodity and equity prices after Washington and Beijing sealed a truce in a trade war that has halted nearly all U.S. soy shipments to the world’s top importer. Soybean prices, however, set back […] Read more
U.S. grains: Wheat, soy, corn climb
Chicago | Reuters — U.S. wheat futures rose about 1.5 per cent Friday on firming cash markets, analysts said, while soybeans and corn firmed ahead of hotly anticipated U.S.-China trade talks at this week’s G20 summit in Argentina. The G20 meeting is to include head-to-head discussions between U.S. President Donald Trump and Chinese counterpart Xi […] Read more
Four Eastern wheats to be reclassified in July
Four classes of Canada Eastern wheat are set to be reclassified in mid-2019 into a new “Other” class, to cut the costs of segregating grain during commercial handling. The Canadian Grain Commission announced Thursday a new Canada Eastern Other Wheat (CEOW) class will be created effective July 1, 2019. At that time, the Canada Eastern […] Read more