MarketsFarm — Canadian imports of corn from the United States are picking up and could hit a record this year, given the tight supply situation across the Prairies. The most recent export sales data from the U.S. Department of Agriculture showed Canada as the country’s largest corn customer during the week ended Nov. 11, accounting […] Read more
Feed weekly outlook: Record imports of U.S. corn likely
Feeders will need to scale back barley usage
U.S. grains: Soy, wheat up on strong exports, inflation worries
CBOT corn also rises
Chicago | Reuters — U.S. soybean futures jumped 2.1 per cent on Wednesday to their highest in nearly seven weeks, supported by fresh export deals and strength in the domestic cash market. Wheat and corn futures were also strong, with wheat recovering from a pullback on Tuesday to top the nine-year high it hit Monday. […] Read more
ICE weekly outlook: Canola trade starts rolling out of January early
MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more
CBOT weekly outlook: Soybean purchases steal wheat’s thunder
MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean […] Read more
U.S. grains: CBOT wheat down off nine-year high
Chicago corn, soybeans also weak
Chicago | Reuters — U.S. wheat futures fell on Tuesday on a profit-taking setback, with the benchmark Chicago Board of Trade soft red winter wheat contract sagging 1.9 per cent from the nine-year high it hit on Monday. Corn and soybean futures also were lower, but the declines were kept in check by signs of […] Read more
U.S. livestock: CME lean hogs up, cattle weak
Chicago | Reuters — CME Group lean hog futures rallied on Tuesday, supported by fund buying and expectations that supplies will begin to tighten in the coming weeks, traders said. Live cattle futures eased slightly for the second day in a row as the market waited for fresh bullish inputs before driving prices above the […] Read more
U.S. grains: Soybeans, wheat extend rallies on strong demand
Chicago | Reuters — U.S. soybean futures rose for the fifth session in a row on Monday on signs of good demand on both the domestic and export fronts. Chicago Board of Trade soft red winter wheat futures extended their winning streak to a sixth straight session, hitting a nine-year high on tightening global supplies […] Read more
U.S. grains: Soybeans climb as soymeal surges
U.S. wheat nears nine-year top
Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat […] Read more
U.S. grains: Wheat hits multi-year highs on global supply worries
CBOT corn, soybeans also up
Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed […] Read more
U.S. grains: Wheat futures rally as global stocks tighten
CBOT corn, soybeans also strong
Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more