MarketsFarm — After corn and the soy complex on the Chicago Board of Trade shot up on Tuesday following the fats and oils as well as the crushing reports from the U.S. Department of Agriculture (USDA), one trader said he isn’t expecting any surprises to come out of USDA’s supply and demand estimates or grain […] Read more
CBOT weekly outlook: South American dryness main source of support
U.S. grains: Soybeans up with session peak highest since July
Corn, wheat ease
Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on […] Read more
U.S. grains: Soybeans, corn supported by South America dryness
Wheat ratings decline in Kansas, Oklahoma, USDA says
Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel, […] Read more
U.S. grains: Soy climbs on South American weather
Corn also underpinned by weather, brisk demand
Chicago | Reuters — Chicago soybean futures ended higher on Monday, supported by risks of hot and dry weather for South American crops as they near harvest. Wheat fell, pressured by a stronger U.S. dollar, pulling corn lower. The most active soybeans contract on the Chicago Board of Trade (CBOT) ended 16-1/4 cents higher at […] Read more
Another volatile holiday week for grain markets
MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more
Feed weekly outlook: Prices to remain steady until spring
MarketsFarm – Feed grains in Western Canada are seeing limited trading during the holiday season, but the demand for feed remains at feedlots. “The trade has been very slow. We’re kind of just in execution mode right now,” said Evan Peterson, trader for JGL Commodities in Moose Jaw, Sask. “Stocks are tight on the farm, […] Read more
Mexican wheat production rises, declines for corn
MarketsFarm – Production numbers for Mexico’s wheat and corn went in opposite directions, according to the latest Global Agricultural Information Network (GAIN) report from the United States Department of Agriculture (USDA) released on Dec. 28. The country’s wheat production forecast for the 2021-22 marketing year (July to June) was revised to reflect a 2.3 per […] Read more
CBOT weekly outlook: All quiet on the CBOT front
MarketsFarm – The week between Christmas and New Year’s Day is typically a time for the markets to slow down, and at the Chicago Board of Trade (CBOT), that’s certainly the case. At approximately 10:50 a.m. CST, the volumes for both the highly-traded March corn and soybean contracts did not exceed 78,000, while a typical […] Read more
China to give safety approval to more domestic GMO corn types
Beijing | Reuters – China plans to approve the safety of more genetically modified (GMO) corn varieties produced by domestic companies, the agriculture ministry said on Dec. 27. The move comes after Beijing last month proposed an overhaul of regulatory seed rules to pave the way for approval of GMO crops and as top policy […] Read more
U.S. grains: Soybeans, corn extend rally
Dry South American weather stokes worries on crops; wheat prices move on technical trading
Chicago | Reuters — Chicago soybeans and corn extended gains on Monday to hit multi-month highs as dry and hot weather in South America stoked supply worries. Wheat rose early in the session, bolstered by hopes for greater export demand, but ended the day down on technical trading. Dealers said many market participants were still […] Read more
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