Chicago | Reuters — U.S. soybean futures slid to fresh lows on Friday and the most-active contract closed at the lowest in nearly a decade after a government report reinforced concerns that the trade dispute with China will dent exports and lead to a build-up in stocks. Corn futures followed soybeans lower, with additional pressure […] Read more
U.S. grains: Soy sinks to new lows as trade war seen swelling supply
U.S. grains: Wheat sets two-week high
Chicago | Reuters — U.S. wheat futures touched a two-week high above US$5 a bushel on Friday on reduced expectations for France’s harvest while corn prices rose on concerns over unfavourably hot U.S. crop weather. Soybean futures touched a one-week low after a bout of selling late in the trading session erased earlier gains. An […] Read more
ICE weekly outlook: Canola waits on stocks data
CNS Canada — ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds are due to be released. The U.S. Department of Agriculture is set to release its May supply and demand report on […] Read more
CBOT weekly outlook: Traders flee stocks for commodities
CNS Canada — Traders shifted attention to Chicago Board of Trade (CBOT) corn and soybean markets in the wake of a drop in Wall Street stocks, causing a commodities rally Wednesday. Wall Street was dragged down Tuesday by U.S. bond yields, which hit the three per cent mark for the first time in four years. […] Read more
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
CBOT weekly outlook: December corn looks pricey above $4 mark
CNS Canada — A larger than expected carryout of U.S. corn supplies has cast a bearish tint over the market. In the U.S. Department of Agriculture’s monthly supply and demand report, the agency pegged domestic corn stockpiles for 2017-18 at 2.325 billion bushels, which exceeded the June projection of 2.11 billion. Futures quickly plunged lower, […] Read more
USDA raises U.S. stocks view as Brazil crop threatens exports
Washington | Reuters –– U.S. soybean supplies will be bigger than expected at the end of the marketing year as a record harvest in Brazil will flood the global market, cutting into demand for U.S. exports, the government said on Thursday. The U.S. Agriculture Department in its monthly supply and demand report raised its outlook […] Read more
U.S. grains: Wheat, corn, soybeans fall on plentiful supplies
Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Wednesday, with plentiful global stocks and expectations of a robust harvest casting a bearish tone over the market, traders said. Wheat posted the biggest losses, falling below key technical support points as forecasts for rain in the U.S. Plains drove prices down two […] Read more
Global markets: Clinton opposes TPP, Chinese stocks gain
CNS Canada — The following is a glance at the news moving markets globally. HILLARY CLINTON SAYS SHE DOES NOT SUPPORT PACIFIC TRADE DEAL — U.S. democratic presidential candidate Hillary Clinton said Wednesday she does not support the Trans-Pacific Partnership. The deal doesn’t do enough to protect consumers from high drug prices and currency manipulation, […] Read more
Wheat, canola stocks surprisingly tight in StatsCan report
CNS Canada — Canada’s ag industry was surprised to see some tighter-than-anticipated supply estimates in Statistics Canada’s latest report on stocks of grain and oilseeds Wednesday morning. StatsCan said Canadian wheat supplies, as of March 31, totaled 16.74 million tonnes — about a million lower than expected, said Mike Jubinville of ProFarmer Canada. “On the […] Read more
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