MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Soyoil/meal spread worth watching
Pulse weekly outlook: Activity to ramp up for chickpeas
'Quality was good, yields were lower'
MarketsFarm — Things are quiet right now on the chickpea front, but that could change in a few weeks, according to Jake Hansen of Mid-West Grain in Moose Jaw. “I think everyone’s getting prepped and ready for Argentina’s harvest, but it’s quiet,” he said. “There’s still movement on previous contracts, but not a lot of […] Read more
U.S. grains: Soybean, corn futures weaken as harvests progress
CBOT wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade soybean futures finished lower on Monday as advancing U.S. harvests uncovered strong yields and increased farmers’ sales of their crops, analysts said. Pressure from harvests also hung over corn futures. U.S. farmers have finished harvesting 76 per cent of the country’s soybeans and 59 per cent of […] Read more
U.S. grains: Corn drops back below US$5
Soybeans down off one-month high
Chicago | Reuters — Chicago Board of Trade corn futures closed lower after hitting their highest price since August on Friday, while soybean futures retreated from a one-month high. Traders took profits after the markets rose earlier on concerns about a drought in Brazil disrupting grain shipments on rivers and slowing soy plantings, analysts said. […] Read more
New drought in Argentina threatens ‘massive losses’
Rosario Grains Exchange report sees little relief on horizon
Reading Time: < 1 minute Argentina’s core agricultural farmland could suffer “massive losses” in wheat yields due to another drought, the Rosario Grains Exchange warns, even as the country reels from a drought in the last cycle deemed the worst in 60 years. The exchange has not yet changed its forecast for a 15 million tonne wheat harvest for the […] Read more
CBOT weekly outlook: Corn rangebound, soybeans rising, wheat erratic
Chicago wheat fluctuation 'just drives you nuts'
MarketsFarm — While soybean futures at the Chicago Board of Trade have moved higher over the past week, corn was rangebound and wheat lacked any clear direction in choppy trade, making it hard to predict where values may go from here, according to Scott Capinegro of Barrington Commodities in Barrington, Ill. Capinegro said the December […] Read more
U.S. grains: Wheat dips after earlier strength
Black Sea supplies weigh on market
Chicago | Reuters — U.S. wheat prices reversed earlier gains to close lower on Friday, as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal. Chicago soybeans and corn also climbed after month-end positioning pushed futures lower much of the week and […] Read more
Argentina soybeans expected to go from horrible to great
El Nino expected to improve growing conditions
MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more
Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point during the previous plan, due to the impact of a drought, the Rosario grains exchange said on Friday. The Argentina government launched its latest “soy […] Read more
U.S. grains: Corn continues climb, closes higher for fourth week
Traders watching cooler weather in U.S. southern Plains
Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The […] Read more
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