MarketsFarm — Demand for chickpeas often comes in waves, with the market currently in a lull waiting for the next swell. The last demand cycle came in early January, and the market has lacked “any kind of enthusiasm” over the past month, according to Colin Young of Midwest Grain at Moose Jaw. Within every pricing […] Read more
Chickpea market steady, waits for next wave of demand
Bunge profit tops estimates on South American results
Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and demand for Bunge’s food and […] Read more
Favourable growing conditions forecast for major ag regions
MarketsFarm — Canadian producers looking for challenging growing conditions elsewhere in the world to prop up commodity prices may be disappointed during the 2020 growing season. South America “If you’re looking for any help from South America for your canola or soybeans or corn, you’d better look somewhere else,” Drew Lerner, president of World Weather […] Read more
U.S. grains: Wheat up, corn and soy down awaiting USDA data
Chicago | Reuters — U.S. wheat futures jumped on Thursday in a rebound from the market’s recent slide and soybeans and corn eased as investors squared positions ahead of an eagerly awaited U.S. Department of Agriculture (USDA) supply-and-demand report due on Friday. Rising global prices and forecasts for reduced U.S. plantings this season gave wheat […] Read more
Argentine soybeans facing tax increases
MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more
U.S. grains: Soybeans, corn rise as traders adjust positions
Chicago | Reuters — U.S. soybean and corn futures ticked higher on Friday as traders adjusted positions ahead of the year-end holidays. Lingering uncertainty over demand prospects created by a U.S.-China trade deal hung over the markets. Crop prices increased after Washington and Beijing last week struck a ‘Phase One’ trade deal that includes a […] Read more
U.S. grains: Soy futures ease on rains in South American forecasts
Reuters — U.S. soybean futures edged lower on Thursday, retreating from a five-week high touched earlier this week as traders expected rains to benefit rival suppliers in South America. Favourable crop weather could boost production in Argentina and Brazil, increasing global supplies and competition for export sales to buyers like China. Rains will ease dry […] Read more
CBOT weekly outlook: Trade awaits solid details on ‘Phase One’
MarketsFarm — While optimism towards the ‘Phase One’ trade deal between the U.S. and China has continued, its initial impact on the Chicago Board of Trade (CBOT) has diminished, according to one trader. “I think the biggest thing is everyone is on hold wondering, is it real? The actual terms of this [agreement] are still […] Read more
Confluence of bullish news sends wheat futures higher
MarketsFarm — A number of factors have come together to underpin North American wheat prices, with more room to the upside after a rally in all three U.S. futures markets to start the week, according to an analyst. Chicago, Kansas City and Minneapolis wheat futures all started the week with double-digit gains. The Chicago and […] Read more
U.S. grains: CBOT corn, soy, wheat rally after trade deal
Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Monday, bolstered by hopes for improving export prospects due to increased demand from China and decreased competition from Argentina, traders said. Wheat notched the biggest gains, with the most-active Chicago Board of Trade soft red winter wheat contract surging 3.2 per cent to […] Read more
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