Chicago | Reuters — Chicago soybean and corn futures fell on Monday on spillover pressure from crude oil along with uncertainty about export demand for U.S. supplies of both crops, analysts said. But wheat futures rose on signs of global export demand while traders continued to monitor prospects for the renewal of an export corridor […] Read more
U.S. grains: Soybeans, corn end lower as crude oil sags
Chicago December wheat firms
Andersons buys grains broker Bridge Agri Partners
Lethbridge business will keep existing name
Lethbridge grain marketing and handling firm Bridge Agri Partners has been taken up by U.S. grain and ag input firm The Andersons. Bill Krueger, president of The Andersons’ trade and processing arm, said in a release Nov. 1 it had bought the Prairie company for an undisclosed amount, its goal being “to expand our pet […] Read more
U.S. grains: Chicago futures slide on profit taking, slumping dollar
Wheat slips following USDA report
Chicago | Reuters — Chicago corn, wheat and soybean futures all fell on Thursday as investors across the board sought to take profits amid global supply questions, even as the U.S. dollar tumbled on news that U.S consumer prices rose less than expected in October, traders said. The monthly U.S. inflation reading is being closely […] Read more
U.S. grains: Wheat drops as USDA raises global supply view
USDA lifts U.S. corn, soy yield views; stocks still tight
Chicago | Reuters — U.S. wheat futures fell on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly raised its global supply outlook in a monthly report, citing larger crops in Australia, the U.K. and Kazakhstan that offset lower Argentine and EU production. A firmer U.S. dollar also weighed on wheat, along with optimism about […] Read more
Pulse weekly outlook: Price disconnect between lentil growers, destinations
Stronger loonie pressures prices
MarketsFarm — There’s something of a disconnect in green lentil prices, between what Canadian farmers have seen recently and to where those pulses are being sold, according to Toronto-based Marcos Mosnaim of Export Packers. Green lentils increased in price up until a couple of weeks ago, Mosnaim said. “It was a combination of farmers not […] Read more
U.S. grains: Wheat, corn, soy ease as traders await crop data
Wheat traders eye Black Sea supplies
Chicago | Reuters — U.S. grain and soybean futures on Tuesday eased on long liquidation ahead of the release of widely followed government crop forecasts on Wednesday, analysts said. The wheat market also grappled with Black Sea supply prospects as Ukraine sought to expand a grain deal allowing exports from Black Sea ports. The most-active […] Read more
U.S. grains: Soybeans, corn sag on worries about China demand
Upcoming USDA data in focus
Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat […] Read more
Thunder Bay grain shipments up in October
MarketsFarm — The Port of Thunder Bay saw an increase in its grain handle in October 2022, moving 840,000 tonnes during the month. The grain exports were up by 33 per cent from September and up by eight per cent from October 2021, according to a news release. The increase was seen as a return […] Read more
U.S. grains: Wheat, corn, soy end higher but below session peaks
Weaker U.S. dollar supportive
Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more
U.S. grains: Soy futures rally on strong exports
Chicago corn, wheat also firm
Chicago | Reuters — U.S. soybean futures rose 1.4 per cent on Thursday as strong export data buoyed hopes that overseas buyers will book more deals in coming weeks. Corn and wheat futures also were firm, with short-covering and technical buying underpinning the market after prices for both commodities dropped near the low end of […] Read more
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