CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
CBOT weekly outlook: Markets quiet heading into holidays
Soybean exports face stiff U.S. competition
CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
CBOT weekly outlook: Rangebound soy, corn look for fresh news
CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more
USDA sees ballooning soy supplies as trade war roils exports
Chicago | Reuters – The U.S. soybean crop will be smaller than expected but stocks are forecast to rise sharply as a trade fight with China weighs heavily on exports, the U.S. Agriculture Department said on Thursday. The government also trimmed its outlook for domestic corn production in its monthly supply and demand report, with yields from […] Read more
ADM profit tops estimates on export sales, oilseeds
Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more
Brazil in talks to boost soymeal exports to China
Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more
CBOT weekly outlook: Trade woes keep soybeans pointed lower
CNS Canada – Soybeans saw a modest corrective bounce to end the month on Oct. 31, but the general downtrend remains intact, with more losses likely, according to an analyst. “I remain bearish on soybeans over the short-term as the window is closing for the U.S. to provide China soybeans before South America comes online,” […] Read more
Choppy corn and soy markets expected
CNS Canada – Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are […] Read more
CBOT weekly outlook: Soybeans trend higher, with meal
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade both saw some strength over the past week, and could see some additional upside, according to an analyst. Harvest delays due to poor weather and speculative short-covering accounted for some of the recent strength in the futures, according to Sean Lusk, director […] Read more
CBOT weekly outlook: Traders think soy yields less than USDA predicting
CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
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