Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops. Corn and wheat both ended higher as traders continued to cover short positions in both markets.
U.S. Grains: Soybeans slide on predicted rains in Brazil
Corn and wheat rise on short covering
U.S. grains: Soybeans up on Brazilian heat, export demand
Wheat moves higher; corn slumps on ample supplies
Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more […] Read more
Manitoba hog yard cleared for U.S. export
Separate export certificate had been required for yard's cull sows
U.S. authorities have lifted an order that required sows from one Manitoba assembly yard to be certified free of Seneca Valley virus before crossing the border. The U.S. Department of Agriculture confirmed Canada in the second-last week of November had now met protocol conditions for Seneca Valley virus and has lifted the health certificate requirement, […] Read more
U.S. grains: CBOT soybeans decline on prospect of rain in Brazil
A large harvest in Brazil could limit global demand for U.S. soybeans says analyst
Chicago soybean futures tumbled on Thursday as the prospect of downpours in Brazil helped offset concerns over hot, dry weather threatening crops in the top exporting nation.
U.S. grains: Soy ends down on forecasts for rain in Brazil; corn, wheat dip
Brazilian weather outweighed support from data showing record U.S. soybean crush
Chicago Board of Trade soybean futures inched down on Wednesday, retreating after rallying to the highest levels since August, as improved Brazilian weather outlooks bolstered supply prospects and overshadowed demand from record U.S. soybean crushings last month.
CBOT weekly outlook: All eyes in Chicago soybeans, corn looking south
Soybeans have been trending higher over the past few weeks, while corn touched two-year lows
Shifting South American weather forecasts will likely keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few months, as crops in Brazil and Argentina develop.
U.S. grains: Soybeans hit August high, soymeal climbs on strong demand
U.S. soy crush likely set record monthly high in October
U.S. soybean futures jumped to their highest price since August on Tuesday on concerns about unfavorable crop weather in top supplier Brazil, analysts said. A rally to contract highs in soymeal futures helped lift the soybean market.
U.S. grains: Chicago corn slumps on forecast for record-large crop
Crude oil recovery lends some support to grains
Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
U.S. grains: Chicago grain, soy futures drop after USDA forecasts
China buys over one million tonnes of U.S. soy
Chicago | Reuters — The Chicago Board of Trade’s most-active corn futures plunged sharply on Thursday after the government reported that U.S. farmers will produce the biggest-ever corn crop this year. The report’s forecast topped trade estimates. The most-active CBOT corn contract at one point dipped to $4.66-1/2, the lowest price since Dec. 30, 2020, […] Read more
USDA’s WASDE report throws a few curveballs
Corn carryover up significantly
MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the […] Read more
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