Chicago | Reuters — U.S. grain and soybean futures extended losses on Tuesday as crops in the U.S. Midwest were poised to benefit from rains, traders said. Technical selling and better-than-expected U.S. Department of Agriculture crop condition ratings added pressure on prices. Showers in parts of the Midwest and Mississippi Delta temporarily eased concerns about […] Read more
U.S. grains: Corn, soy slip on rains, crop ratings
U.S. grains: Corn up as crop ratings ease
Chicago | Reuters — Chicago corn futures rose for a second straight day on Tuesday after the U.S. Department of Agriculture said the condition of U.S. crops deteriorated last week following rain, although gains were pared late in the session on improving weather. Soybeans turned lower on forecasts for a window of warmer and drier […] Read more
U.S. grains: Wheat gains for fourth week on Russia dryness
Chicago | Reuters — Chicago Board of Trade wheat futures notched a fourth weekly gain on Friday — even after closing the day down 1.27 per cent — as lack of rain in Russia raised concerns over reduced yields in the world’s top exporter of the grain. Support also came from fears of production losses […] Read more
Canadian crop development behind average
MarketsFarm — Crop development is running behind average across much of Canada, with excessive moisture delaying seeding in Ontario and dryness slowing crop development across the Prairies. That’s according to the latest satellite data from the federal Crop Condition Assessment Program (CCAP), created in partnership between Statistics Canada and Agriculture and Agri-Food Canada. Crop development […] Read more
ICE weekly outlook: Big crop keeps market under pressure
CNS Canada — ICE Futures Canada’s canola contracts were up and down during the week ended Wednesday, lacking any clear direction as values consolidated above the nine-month lows set the previous week. “Canola is a follower and does not have a mind of its own,” said analyst Wayne Palmer of Agri-Trend. The underlying fundamentals were […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
U.S. grains: Soybeans end near decade low as trade war deepens
Chicago | Reuters — U.S. soybean futures dropped to contract lows on Wednesday and the most active contract closed at the lowest in nearly 10 years as an escalating trade war with China stoked worries about long-term export demand from the world’s top importer of the oilseed. Favourable crop weather in the U.S. Midwest weighed […] Read more
U.S. grains: Corn hits contract lows on favourable weather
Chicago | Reuters — U.S. corn futures fell to contract lows on Tuesday on forecasts for crop-boosting rain and milder temperatures in the heart of the U.S. corn belt, with three-quarters of the nation’s crop already in good-to-excellent shape. Wheat futures tumbled more than three per cent on dull export demand and improving spring wheat […] Read more
Pulse weekly outlook: Edible beans in good shape for now
CNS Canada — Manitoba’s edible bean crops are generally in good shape, although too much moisture could become a concern. Canadian farmers intended to plant 246,000 acres of edible beans in 2018, which would be down slightly from 333,000 the previous year, according to Statistics Canada data. Of that total, Manitoba edible bean area was […] Read more
U.S. grains: Corn, soy drop to new lows as rains soak Midwest
Chicago | Reuters — U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops. Wheat futures also eased as rainfall in Western Australia took the edge off global weather worries, although declines were limited as dry weather persisted […] Read more
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