CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more
CBOT weekly outlook: Rangebound soy, corn look for fresh news
U.S. grains: Soybeans end firm as hopes build for China talks
Chicago | Reuters — U.S. soybean futures firmed on Thursday, supported by renewed optimism that the U.S. and China, the world’s largest soybean buyer, will resume trade talks. Chicago Board of Trade January soybeans settled up 5-1/4 cents at $8.88-3/4 per bushel after reaching $8.97-1/2, the contract’s highest since Nov. 2 (all figures US$). CBOT […] Read more
U.S. grains: Soybeans higher on slow harvest pace
Chicago | Reuters — U.S. soybean futures rose on Wednesday on a slower-than-expected harvest pace and news of fresh export sales, although plentiful global supplies kept a lid on the market, analysts said. Wheat futures fell on sluggish export demand while corn futures ended narrowly mixed. Chicago Board of Trade January soybean futures settled up […] Read more
USDA sees ballooning soy supplies as trade war roils exports
Chicago | Reuters – The U.S. soybean crop will be smaller than expected but stocks are forecast to rise sharply as a trade fight with China weighs heavily on exports, the U.S. Agriculture Department said on Thursday. The government also trimmed its outlook for domestic corn production in its monthly supply and demand report, with yields from […] Read more
Brazil in talks to boost soymeal exports to China
Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more
USDA sees more U.S. corn, fewer soybean acres over next decade
CNS Canada – Farmers in the United States are expected to increase their corn seedings over the next decade while reducing soybean area, according to early baseline projections from the U.S. Department of Agriculture released Nov. 2. The complete USDA Agricultural Projections to 2028 report will be released in February. The projections are based on […] Read more
U.S. grains: Soybeans hit one-week low on export woes
Chicago | Reuters — U.S. soybean futures fell to a one-week low on Friday and recorded a second straight weekly decline, pressured by fresh cancellations of U.S. soybean sales, traders said. Corn futures fell for a fourth straight session and also notched a weekly drop, while wheat futures firmed after a three-session slide. Chicago Board […] Read more
U.S. grains: Crop forecasts lift corn, soy for second day
Chicago | Reuters — U.S. soybean futures rose for a second straight session on Friday on short-covering and follow-through buying after a government report the prior day forecast a smaller-than-expected U.S. harvest. Corn also advanced after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. corn yield outlook in a monthly report on Thursday […] Read more
ICE weekly outlook: Canola backs away from nearby highs
CNS Canada — ICE canola futures hit their best levels in a month and a half earlier this week on the back of concerns over harvest delays, but ran into resistance and looked bearish once again by Wednesday. While cold, wet conditions continued to cause harvest delays, as noted in the weekly provincial crop reports, […] Read more
U.S. grains: Soybeans slump on big harvest, trade war worries
Chicago | Reuters — U.S. soybean futures fell for a second day on Wednesday, shedding more than one per cent on expectations of a bumper U.S. crop and concerns about a protracted U.S.-China trade war that has already depressed demand for U.S. shipments. Corn and wheat also eased as traders squared positions ahead of a […] Read more
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