MarketsFarm — The prospect of Russia allowing food shipments to leave Ukraine — albeit with a few concessions — was the key factor in declining bids for western Canadian wheat during the week ended Thursday. Russian Deputy Foreign Minister Andrei Rudenko on Wednesday said his country is ready to provide a humanitarian corridor in the […] Read more
Prairie cash wheat: Talk of Black Sea corridor weighs on week’s bids
U.S. livestock: Cattle, hog futures fall as feed costs rise
Pre-Memorial Day consolidation seen
Chicago | Reuters — CME Group hog and cattle futures eased on Friday, with rising soy and corn futures raising feed costs for livestock producers. Traders noted consolidation trade ahead of the U.S. Memorial Day holiday weekend. U.S. grain and livestock markets will be closed on Monday. The nearby June hogs contract fell 0.7 cent, […] Read more
U.S. grains: Corn, soybean, wheat futures up ahead of holiday
Wheat gains as U.S. rejects easing sanctions
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, supported by forecasts for rain that could slow the tail end of planting in the U.S. Midwest. Wheat futures also were higher, with traders exiting bearish positions ahead of the U.S. Memorial Day holiday weekend. U.S. markets will be closed […] Read more
U.S. grains: Rainy forecast pushes soy to three-month high
Wheat mixed, corn weak
Chicago | Reuters — U.S. soybean futures rallied 2.7 per cent to a three-month high on Thursday as the latest weather forecasts for key northern growing areas turned wet again, threatening to add further delays to planting that was already well behind schedule, traders said. Corn futures were weaker on pressure from disappointing export data […] Read more
U.S. grains: Soybean, wheat futures fall
CBOT corn closes higher
Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by weather forecasts that will allow farmers to make good progress on the end of their planting tasks as well as concerns about demand from China. Chicago Board of Trade wheat futures also were weaker, with the market setting back on reports that Russia […] Read more
CBOT weekly outlook: Prices likely to trend downward
MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a […] Read more
U.S. grains: Corn futures touch six-week low
Wheat weakens, soybeans strong
Chicago | Reuters — U.S. corn futures dropped 1.8 per cent to a six-week low on Tuesday, pressured by a government report that farmers have made good progress in their much delayed planting tasks during the past week, traders said. “This is likely to ease previous concerns that the delays to planting could lead to […] Read more
U.S. grains: Wheat firms ahead of USDA conditions report
Wheat pulls corn higher, soybeans down
Chicago | Reuters — U.S. wheat futures rose on Monday, snapping a three-session losing streak on a round of bargain buying as traders waited for the latest assessment about crop health. “It is just a bounce back from the bashing it took last week,” said Tom Fritz, commodity broker at EFG Group. “We still have […] Read more
U.S. grains: Wheat extends fall, soybeans firm
Corn books third week down
Chicago | Reuters — Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said. Corn also eased, as accelerated U.S. planting and news that Argentina may expand an export volume cap weighed. Soybeans gained on strong export […] Read more
U.S. grains: Soybeans jump on export demand
Wheat falls on profit-taking; corn deferred contracts slip on weather, crop development
Chicago | Reuters — Chicago wheat futures fell on Thursday, giving back more of their recent gains, as traders sought to take profits amid mixed crop weather in the Northern Hemisphere and wider concerns about an economic slowdown. Meanwhile, soybean and soybean meal futures jumped on news of robust international demand, amid signs the U.S. […] Read more