Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more
U.S. grains: Corn, soy up on short-covering
U.S. grains: Soybeans sink to three-month lows on Argentine rains
Chicago | Reuters — U.S. soybean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the country, the third-largest soybean exporter and top soy product supplier. Corn futures also declined on the rainy Argentine weather and pressure from abundant supplies of the grain. Wheat […] Read more
U.S. grains: Soybeans drop, wheat firms, corn slips
Chicago | Reuters — U.S. soybean futures sagged to their lowest in more than two months on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said. Wheat futures closed firm, supported by strong export data, while corn slipped. The most-active soybean contract on the Chicago Board of Trade dropped 1.2 per cent. […] Read more
U.S. grains: Soybeans sag as South American crop prospects improve
Chicago | Reuters — Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil’s soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT January soybeans settled down 6-3/4 cents at $9.75-3/4 a bushel after dipping to $9.75, the contract’s lowest […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
U.S. grains: Soybeans climb above $10 on Argentina weather woes
Chicago | Reuters — U.S. soybean futures climbed one per cent on Tuesday, scrambling back above US$10 a bushel, amid ongoing worries about poor weather threatening yield prospects in Argentina. Corn futures ended fractionally higher while wheat futures sagged on sluggish export demand for U.S. supplies. Chicago Board of Trade January soybeans settled up 10 […] Read more
U.S. grains: Soybeans, meal rise on Argentina weather
Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
Canadian pork cleared for Argentina
Argentina is now ready to import Canadian pork for the first time in about 15 years, federal officials report. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Francois-Philippe Champagne announced Wednesday that access to the Argentinian market has been restored for Canadian pork effective “immediately.” Canadian pork processors had started shipping to Argentina in 1998, […] Read more
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