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Tag Archives U.S. dollar


Photo: Thinkstock
Crops, Markets

CBOT weekly outlook: Late Christmas gift for futures 

Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans

By Adam Peleshaty - MarketsFarm, GFM Network News December 27, 2023
On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas. 

Soybean futures ZSH24 on Dec. 22 with the 20-day moving average. (Barchart)
Markets, Reuters

U.S. grains: Chicago soybean, grain futures firm ahead of holidays

Railways between U.S. and Mexico reopened five days after key trade routes closed

By P.J. Huffstutter, Reuters, GFM Network News December 22, 2023
Chicago Board of Trade soybean and grain futures firmed on Friday, as traders adjusted their positions before the year-end holidays after a flurry of economic data showed underlying inflation pressures continuing to ease.


Rising loonie and weaker futures weigh on spring wheat bids
Crops, Markets

Rising loonie and weaker futures weigh on spring wheat bids

The Canadian dollar strengthened relative to its United States counterpart

By Phil Franz-Warkentin, GFM Network News December 22, 2023
Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.

CBOT soybeans ZSH24 on Dec. 21. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on Brazilian rain forecasts

Corn up on technical bounce, wheat up on weaker dollar

By P.J. Huffstutter, Reuters, GFM Network News December 21, 2023
Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.


Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Chicago corn futures hit new lows

Exports being lost because of US-Mexico rail crossing closures, industry says

By P.J. Huffstutter, Reuters, GFM Network News December 20, 2023
Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.

Photo: Thinkstock
Crops, Markets

CBOT weekly outlook: U.S. wheat remains rangebound 

U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December

By Glen Hallick Marketsfarm, GFM Network News December 20, 2023
United States wheat prices have been in something of a quandary lately, with any hope of higher prices curtailed by the need to remain competitive with cheaper Russian wheat, according to Tom Lilja of Progressive Ag in Fargo, North Dakota.  


(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Chicago soybeans turn lower on rain forecast in Brazil

Wheat futures rose on a technical bounce

By P.J. Huffstutter, Reuters, GFM Network News December 19, 2023
Chicago soybean futures turned lower on Tuesday, as weather forecasts called for Brazil's dry crop belts getting some much-needed rainfall in the coming days.

Soybeans ZSF24 for Dec. 18 with Bollinger bands over 20 days. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes

Good export demand also underpinned soybeans

By Karl Plume, Reuters, GFM Network News December 18, 2023
U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.


CBOT soybeans ZSF24 as of Dec. 15 (Barchart).
Markets, Reuters

U.S. grains: Soy posts first weekly gain in 1-1/2 months

Traders waited to see whether beneficial rains will arrive in dry areas of Brazil

By Reuters, Tom Polansek, GFM Network News December 15, 2023
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.

(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Most Western Canadian cash prices drop

Surge in Canadian dollar weighed on Prairie cash prices

By Glen Hallick Marketsfarm, GFM Network News December 15, 2023
Wheat prices across the Canadian Prairies fell back for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum were mixed. 


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