Buenos Aires | Reuters — The currency devaluation set to kick off in Argentina on Thursday is expected to pump millions of tonnes of pent-up grains supply into the international market at a time when the world is already seeing record stockpiles. For the first time since 2011, Argentines have full access to U.S. dollars […] Read more
Devalued Argentine peso seen spurring grain exports
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
Views mixed on impact of crude’s slip for ag markets
CNS Canada — While just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices, the size and impact of that fall seems to vary. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, as of Wednesday’s opening. Some […] Read more
For U.S. farmers, ugly soy bids look better all the time
Chicago | Reuters –– U.S. farmers booked soybean sales this week as prospects for burgeoning global supplies and weak export demand caused growers to accept deals they’d rejected at similar price levels just a few weeks ago. Grain dealers noted an uptick in grower interest as Chicago Board of Trade soybean futures rallied 3.8 per […] Read more
U.S. grains: Wheat futures up despite U.S. rain, corn down amid big crop forecast
Chicago/Reuters – Chicago wheat futures ticked up on Wednesday on technical buying, despite rain forecasts across U.S. grain belts adding to worries about weather woes overseas. Corn futures ended the day slightly lower after private forecasters raised their estimates for U.S. production, while soybeans rose on bargain-buying and robust U.S. exports. Chicago Board of Trade […] Read more
U.S. grains: Wheat firms on technical buying; corn, soy also firm
Chicago/Reuters – Wheat prices rose about 1.4 per cent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 per cent a day earlier was overdone, traders said. Corn and soybeans were also higher, supported by firm U.S.cash markets. At the Chicago Board of Trade as of 12:54 p.m. CST (1854 GMT), December wheat was […] Read more
World farmers reap benefits of strong U.S. dollar
Winnipeg/Commodity News Service Canada – The effects of a strong U.S. dollar and resulting weaker domestic currencies are improving the bottom line for farmers in many parts of the world, according to a speaker at the Cereals of North America conference in Winnipeg, Nov. 3. Pedro Dejneka, the executive director of Ag Resource’s Latin America […] Read more
U.S. grains: Wheat falls most in two months; soybeans, corn follow
Winnipeg/Reuters – Chicago wheat futures fell nearly 3 per cent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting U.S. government crop data later on Monday to see if […] Read more
U.S. grains: Wheat hits biggest weekly gain in nearly four months
Chicago / Reuters – U.S. wheat futures prices jumped 1.5 per cent on Friday and posted their biggest weekly gain in nearly four months, as traders positioned themselves ahead of a highly anticipated U.S. Department of Agriculture November supply and demand report. Chicago Board of Trade December soft red wheat closed at $5.22 a bushel, […] Read more
U.S. grains: Wheat, corn close firm on technical buying; soybeans slip
CHICAGO / Reuters – U.S. wheat futures rallied nearly 2 per cent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said. A pickup in exports also boosted corn futures, as technical buying lent further support to both corn and wheat after prices dipped during the overnight trading session. […] Read more
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