Chicago | Reuters — U.S. soybean futures fell 1.2 per cent on Tuesday, pulling back from a 4-1/2 month high on a round of profit-taking, as well as pressure from falling crude oil prices. Corn and wheat futures also fell, their fourth straight losing session due to pressure from ample global supplies. Multiple Chicago Board […] Read more
U.S. grains: Soy snaps winning streak
OPEC announcement could boost ag markets, maybe
CNS Canada — The bearish malaise that has gripped the North American agricultural market shows no sign of breaking soon, and it could take a major disruption, say such as a hike in oil prices, to lead the way higher, according to some industry watchers. “Let’s say we go to US$55 (per barrel). That would […] Read more
U.S. grains: Fund short-covering lifts grain/soy complex
Chicago | Reuters — U.S. soybean and corn futures climbed to six-week highs on Tuesday on fund-driven buying as the grain complex shrugged off weakness in global equity markets and crude oil, traders said. But wheat futures settled flat as all three commodities pared gains by the close. At the Chicago Board of Trade, the […] Read more
Loonie’s boost for commodity prices likely limited in 2016
CNS Canada — The Canadian dollar has been steadily depreciating through 2015, sinking to an 11-year low relative to its U.S. counterpart as the end of the year creeps closer. Even if the loonie stays weak in 2016, however, two analysts expect the upside potential it brings to agricultural commodity markets has mostly run out. […] Read more
Cyber-Savvy Farmer
