Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.
U.S. grains: Corn, soy futures rise on technical trading, weather questions
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more
Prairie wheat bids climb with U.S. futures
Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the […] Read more
Australia wraps up winter wheat/canola harvest
Production beats earlier forecasts, but are still down on the year
Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
CBOT weekly outlook: Corn acres could drop further says strategist
Lower prices blamed on funds, 'too much farmer ownership'
Corn acres in the United States may end up even lower than early expectations if the market remains under pressure, according to an analyst.
CBOT weekly outlook: Big surprises unlikely in S/D report
Watch out for which side of two billion bushels U.S. corn carryout lands, analyst says
Ahead of the monthly report from the United States Department of Agriculture on Jan. 12, Allendale Inc. president Steve Georgy said he’s not expecting any major surprises for U.S. corn, soybeans or wheat at this point in the 2023/24 marketing year.
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
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.
U.S. grains and oilseeds trading South American weather/charts
Wheat rallied around Chinese purchases, soybeans came under pressure
The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.
Improved varieties contributing to rise in winter wheat acres
Acreage is still small, but more Manitoba farmers are growing the crop and reporting high profits
Reading Time: 3 minutes Glacier FarmMedia – New varieties of winter wheat are boosting the bottom line of growers and fuelling an upsurge in acres in Manitoba. “Winter wheat is the most profitable cereal crop for many farmers in our program,” said Alex Griffiths, a winter wheat specialist with Ducks Unlimited Canada in Brandon, Man. “In the past two […] Read more
Record winter crop production expected for Australia
Summer crop production seen down on year
MarketsFarm — Australia will see its highest-ever winter crop production thanks to record wheat and canola harvests, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released Monday. Winter crop production in Australia is estimated at 67.6 million tonnes, up 8.4 per cent from ABARES’ crop […] Read more
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