MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at […] Read more
USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls
U.S. grains: Wheat bounces from lowest in a month
Corn weak, soybeans firm
Chicago | Reuters — U.S. wheat futures rebounded from a one-month low on Friday, gaining 1.1 per cent on a round of bargain-buying and renewed interest on the export market, traders said. Soybeans also were firm but corn was weaker on a technical setback. News that Chinese buyers had booked a large amount of feed […] Read more
CBOT weekly outlook: No significant revisions in new U.S. WASDE report
MarketsFarm — The U.S. Department of Agriculture (USDA) held its world agriculture supply and demand estimates (WASDE) mostly steady for the month of December — which may result in a lack of price movement on the markets. In its WASDE report released Thursday, USDA projects 598 million bushels of ending domestic wheat stocks for the […] Read more
U.S. grains: Wheat futures drop on weather view
CBOT corn, soybean futures rise
Chicago | Reuters — Chicago Board of Trade winter wheat futures fell 1.7 per cent on Wednesday as forecasts for mild temperatures and some rain in key growing areas raised hopes that the crop will be in good condition before it heads into dormancy, traders said. “U.S. weather for wheat looks pretty good,” said Terry […] Read more
CBOT weekly outlook: Expect sideways trading during holiday season
MarketsFarm — Just as the United States enters its holiday season, starting with Thanksgiving, one analyst said movements on the Chicago Board of Trade (CBOT) will most likely be sideways for the balance of 2021. “There’s good weather in South America, maybe too much rain in Australia. We have to remember rain makes grain,” Bryan […] Read more
CBOT weekly outlook: USDA report sparks rally, but likely to wane
MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
CBOT weekly outlook: Soy, corn strength impressive for time of year
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more
U.S. grains: Corn climbs on export data, acreage worries
CBOT soy, wheat also firm
Chicago | Reuters — U.S. corn futures ended higher on Monday, rallying from early declines, as traders focused on stronger-than-expected weekly U.S. export inspections data and fears that rising fertilizer prices could limit corn plantings in the coming year. Soybean futures also rose, buoyed by strength in soyoil and global vegetable oil markets. Wheat futures […] Read more
U.S. grains: Corn, soy bounce on technical buying, potential export demand
CBOT wheat turns higher on Paris rally
Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more
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