CNS Canada — All eyes in the agricultural commodity world are focused on the release of the U.S. Department of Agriculture’s next World Agriculture Supply and Demand Estimates report due out Thursday. However, unless there’s a major surprise contained within the report, it’s hard to see the bias pointed higher for soybeans, according to an […] Read more
CBOT weekly outlook: Soybeans facing bearish headwinds
U.S. grains: Soy, corn fall on Brazil crop expectations
Chicago | Reuters — U.S. soybean futures dropped 1.1 per cent on Tuesday to their lowest in more than a week on rising expectations for a Brazil harvest already forecast to be a record, traders said. Outlooks for a bountiful South American harvest also weighed on corn futures, while wheat eased on profit-taking after rallying […] Read more
U.S. grains: Corn, soy, wheat recover from early dips
Chicago | Reuters –– U.S. corn, soybean and wheat futures all closed modestly higher on Friday, recovering from early weakness on a mild round of technical buying. All three commodities posted weekly gains but an ample supply base and rising export competition kept a bearish tone over the marketplace and checked Friday’s strength. Additionally, investors […] Read more
Soy loadings delayed at Brazil northern ports
Brasilia | Reuters — At least 11 ships are facing delays in loading soybeans at Brazil’s northern ports after rains washed out roads and disrupted the progress of trucks carrying beans from the centre-west region, Brazilian officials said on Thursday. Agriculture Minister Blairo Maggi said some commodities traders could have problems fulfilling soy export contracts […] Read more
U.S. grains: Soybeans sag on profit-taking, Brazilian crop
Chicago | Reuters — U.S. soybean futures fell on Thursday, pressured by the ongoing harvest of a projected record-large crop in Brazil and profit-taking after a two-session climb attributed to fund buying, traders said. Corn futures and wheat futures closed lower, tracking broad declines in commodities. The 19-market Thomson Reuters CoreCommodity CRB Index fell nearly […] Read more
Mexico eyes Brazil farm products as hedge on Trump threat
Brasilia | Reuters — Amid trade tensions with the U.S., Mexico plans to send a delegation next month to visit Brazilian corn, beef, chicken and soy producers as an alternative to U.S. suppliers, its representative in Brazil said on Friday. Mexican charge d’affaires Eleazar Velasco said Brazil is uniquely positioned to expand agricultural commodity sales […] Read more
U.S. ethanol expected to be competitive in 2017
San Diego | CNS Canada –– Weaker commodity prices and less international competition are expected to lend demand and profitability to the U.S. ethanol market in 2017, one analyst says. But changing political and policy environments — in the U.S. and abroad — add an element of uncertainty to the market, and the potential to […] Read more
CBOT weekly outlook: Argentine flood fears underpin corn, soy
CNS Canada — Weather concerns in South America continue to dominate the attention of many traders, despite the fact growing conditions for corn and soybeans have generally been favourable in Brazil over the past week. “It’s been good in Brazil but Argentina has had issues with flooding,” said Ted Seifried of Zaner Group in Chicago. […] Read more
U.S. grains: Soy drops on South American harvest outlook
Chicago | Reuters — U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2-month highs in the absence of bullish news. Declines in corn and wheat were limited […] Read more
U.S. grains: Soy falls as Brazil crop forecasts grow
Chicago | Reuters –– U.S. soybean futures fell one per cent on Friday, pressured by expectations for a huge crop in Brazil, the world’s top exporter of the oilseed, traders said. Soybeans weakened early in Friday’s session on a round of technical selling after failing to push through their weekly high during the overnight trading […] Read more
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