GRAINS: Soybeans hit over one-week high, U.S. old-crop supply tightens — July 23, 2014

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Reuters — Front-month soybean futures rose to their highest level in more than a week on Wednesday, supported by firming U.S. cash markets as supplies of old-crop soybeans dwindle with the autumn harvest still about two months away, traders said. Corn futures fell to a fresh four-year low while wheat was mixed in choppy trade. […]


ICE Canada weekly outlook: canola under pressure, for now — July 23, 2014

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CNS — ICE Futures Canada canola futures moved lower in sympathy with the weakening Chicago soy complex during the week ended July 23. And, the canola futures market will likely remain under pressure if soybean and other oilseed futures move lower in the near term. “Until the (Canadian canola) production is more certain, the futures […]


Tour sees ‘extraordinary’ wheat crop in North Dakota — July 23, 2014

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Bismarck, North Dakota/Reuters — Big spring wheat yields were projected in southern North Dakota as abundant soil moisture and cool weather helped foster crop development following an uneven planting season, scouts on an annual crop tour found on Tuesday. “I think we have seen an extraordinary crop,” said Dan Wogsland, executive director of the North […]


Canadian wheat bids mixed despite continued U.S. losses — July 22, 2014

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Average bids for Canadian Western Red Spring (CWRS) wheat weakened slightly during week ended July 21 at a cross section of delivery points across Western Canada. However, Canadian bids lagged the U.S. futures to the downside and basis improvements were seen at many locations. On July 21, average spot bids for 13.5% CWRS across Manitoba, […]


French wheat premiums soar as market fears more rain damage — July 21, 2014

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Paris/Reuters —  Premiums for higher-quality wheat in France jumped on Monday as heavy weekend rain added to fears that this year’s harvest in the European Union’s top producer and exporter will be spoiled by poor quality. Farmers in eastern France have reported alarming quality indications for wheat, blamed on repeated rainfall in early July in […]


GRAINS: Wheat futures fall a day after Ukraine crash price spike — July 18, 2014

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Reuters — U.S. wheat futures fell 3.4 per cent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower. Investors were worried an escalation of the conflict between Ukraine and Russia, both […]


LIVESTOCK: CME live cattle climb following beef price rebound — July 17, 2014

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Chicago/Reuters – Chicago Mercantile Exchange live cattle closed higher on Thursday, driven by short-covering after wholesale beef prices ended their recent downtrend, traders said. Thursday morning’s wholesale price for choice beef rose 85 cents per hundredweight (cwt) from Wednesday to $251.67. Select beef jumped $1.90 to $244.76, according to the U.S. Department of Agriculture. “You are […]


GRAINS: Wheat up on fears political fallout could crimp Black Sea exports — July 17, 2014

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Reuters – U.S. wheat futures surged 2 per cent on Thursday, rallying from a recent four-year low on fears of escalating geopolitical tension in the Black Sea region after a Malaysian airliner crashed in eastern Ukraine, traders said. A Ukrainian interior ministry official said the plane was shot down by pro-Russian militants. Corn futures were […]


Low ocean freight rates aid North American grain exports — July 17, 2014

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CNS — The Baltic Dry Index, which tracks global ocean shipping rates, is currently trading at its weakest levels of the past year. The declining cost of ocean freight makes North American grain and oilseed exports more competitive into international markets. The Baltic Dry Index (BDI) was quoted at 755 points on July 16, which […]


GRAINS: Corn, soybeans bounce a day after touching multiyear lows — July 16, 2014

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Reuters — U.S. corn and soybean futures rose on Wednesday in a light bounce after setting multiyear lows a day earlier, but farmer selling and expectations of near-record U.S. harvests limited gains. Wheat firmed in a light short-covering bounce after setting four-year lows in the last week. At the Chicago Board of Trade, September corn […]