Chicago | Reuters — U.S. soybean futures ended higher on Tuesday as Brazil’s torrid, crop-threatening weather conditions remained a prime worry for the market, despite rains over the last couple of days. Wheat futures also rose more than two per cent after a Ukrainian official said that Russian forces struck port infrastructure on one of […] Read more
U.S. grains: Chicago soybeans rise on Brazil’s weather woes
Wheat up more than two per cent on Russian strike in Ukraine; corn finishes slightly higher
U.S. grains: CBOT soybeans jump after insufficient Brazil rains
Wheat down more than one per cent
Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real […] Read more
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
U.S. grains: Soybeans spike on China demand, Brazil weather
Wheat rallies on Argentina outlook
Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day […] Read more
Brazil’s second corn crop facing delays
Acres either too dry or too wet for planting
MarketsFarm — There remained little doubt that Brazil’s corn safrinha (second) crop will be smaller than initially anticipated, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. He chalked up most of that due to conditions being too dry and too wet for the planting of Brazil’s soybean crop, depending on the region. […] Read more
U.S. grains: Chicago soybeans climb as China pushes demand
December wheat up, corn down
Chicago | Reuters — U.S. soybean futures rose on Thursday after China said imports will likely stay high as it sets an all-time record for purchases of the crop this year while weather remains a concern in Brazil. Wheat prices also rose, while corn dropped on reports of higher U.S. yields. Chicago Board of Trade […] Read more
U.S. grains: Wheat down on supply concerns, soft demand
K.C., MGEX wheats also set contract lows; corn, soy up
Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
U.S. grains: Wheat up off two-week low on Ukraine export uncertainty
Ukraine denies suspension of Black Sea export corridor
Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more
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