Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Tuesday, giving up all the prior session’s gains, as a further improvement in the condition of the U.S. winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following wheat lower and further pressured by […] Read more
U.S. grains: Wheat drops on improving crop conditions, big stocks
U.S. grains: Soybeans slide as concern about Chinese growth persists
Reuters — U.S. soybean prices dropped on Wednesday on concern that interest rate cuts in China may not be enough to stimulate growth in the key importer. Corn slipped on technical selling, and Chicago wheat lost ground on concerns about export competition as the dollar rose, traders said. Chicago Board of Trade (CBOT) November soybeans […] Read more
U.S. grains: China woes push soy to six-year low, soyoil to nine-year low
Chicago | Reuters — U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China’s faltering economy fuelled selloffs in commodities and equities markets. Broad selling pressured markets early as investors rushed for the exits after stock prices in China, the world’s […] Read more
U.S. grains: Corn, soy slip on improved U.S. weather, Greece jitters
Chicago | Reuters –– U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched last week after heavy Midwest rains raised crop concerns and following a […] Read more
All crops not equal in face of weakening dollar
CNS Canada –– With the Canadian dollar falling to its weakest levels relative to its U.S. counterpart in six years, the general sentiment holds it should be good news for exporters, such as Canadian grain farmers. However, any net benefit may depend on what exactly is being exported and who is doing the buying, according […] Read more
Market outlook: Not great, but not horrible either
Four to Watch: Market analyst Chuck Penner figures wheat has upside potential, but a soybean mountain casts a long shadow on oilseeds
Reading Time: 2 minutes Chill out and don’t get too down about the drop in grain and oilseeds prices. That’s the advice of Chuck Penner, owner of Left Field Consulting Services in Winnipeg. First, markets not only swing from lows to highs and back again, but tend to get stuck when they fall into a trough, he said. “When […] Read more
Drop in oil values a double-edged sword for Canadian ag
CNS Canada — As oil prices plunge across North America, the impact on Canadian farmers is starting to be felt in several conflicting, but noticeable ways, according to Prairie farm leaders and market-watchers. As of Friday afternoon the price of oil had fallen to just above C$66 a barrel, with some analysts predicting it would […] Read more
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