Chicago | Reuters — Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said. Corn futures strengthened, as the market eyed dry weather forecasts that may cause more […] Read more
U.S. grains: Soybeans, grains turn higher ahead of U.S. Thanksgiving
Wheat rises as investors position ahead of holiday
Pulse weekly outlook: AAFC revises dry pea projections
MarketsFarm — Among the changes Agriculture and Agri-Food Canada (AAFC) made in its November supply and demand report, issued Friday, the most notable were among the dry peas. The revisions that stood out the most were 2022-23 dry pea exports being cut by 200,000 tonnes at 2.5 million, while domestic usage was bumped up 50,000 […] Read more
U.S. grains: Futures slip on rail strike threat, EU wheat talk
U.S. winter crop ratings at lowest since at least 1986
Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States […] Read more
U.S. grains: Corn, wheat ease on firm U.S. dollar, export concerns
U.S. rail union votes against tentative contract deal
Chicago | Reuters — Chicago Board of Trade grain futures eased on Monday as a stronger dollar and worries about U.S. exports weighed on prices, analysts said. The dollar advanced against most major currencies, making U.S. commodities look less attractive to importers, as tightened COVID-19 rules in China fuelled worries over the global economic outlook. […] Read more
Feds pledge agriculture office for Indo-Pacific export support
Ottawa aims to tighten ties with region
Updated Nov. 23 — Canada’s latest round of federal efforts to boost economic ties with the Indo-Pacific region will include its first dedicated agriculture and agri-food office in the region. Prime Minister Justin Trudeau’s tour through the region last week included a pledge of $31.8 million over five years for a regional agriculture office, to […] Read more
U.S. grains: Soy firms on bargain buying but posts weekly decline
December wheat ends down, corn up
Chicago | Reuters — U.S. soybean futures rose on Friday on bargain buying after a two-session slide, but still ended the week down about one per cent on uncertainty about demand from China, traders said. Wheat futures turned lower, retreating from early advances, with the benchmark December contract on the Chicago Board of Trade declining […] Read more
Black Sea grain export deal extended
Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports
Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
U.S. grains: Wheat sags on Black Sea export deal extension
Chicago corn turns higher
Chicago | Reuters — U.S. wheat futures dropped to a 2-1/2-month low on Thursday after the United Nations announced an agreement to extend a grain corridor for exports from war-torn Ukraine. Soybean futures fell on worries about demand as top global buyer China struggles with COVID-19 lockdowns. But corn turned higher as strong weekly U.S. […] Read more
ICE weekly outlook: Premium showing in front-month canola
'Surge' of farmer selling expected in January
MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
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