Reading Time: 2 minutes Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.
Cereals
U.S. grains: Soy sags for third week on Brazil rains; corn hits contract low
Corn futures set a contract low; wheat prices advanced
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
Reading Time: < 1 minute The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans
Wheat futures rebounded from one-month low; corn stabilized
Reading Time: 2 minutes Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.
Feed weekly outlook: Several factors weighing on prices
Warm weather means less feed needed, easier movement says analyst
Reading Time: < 1 minute Feed grain prices across the Canadian Prairies are expected to continue falling back for the next few months due to a number of reasons, according to Evan Peterson of JGL Commodities in Saskatoon, Sask.
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
Reading Time: < 1 minute Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Reading Time: 2 minutes Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
Reading Time: 2 minutes U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
Funds holding large net short in canola heading into 2024
Corn traders were covering shorts and putting on some new longs as New Year rolled in
Reading Time: < 1 minute The net short position in canola futures was sitting near its largest levels on record to end 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Corn closes with biggest yearly loss in a decade
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Reading Time: 2 minutes Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.
EU wheat prices set for annual fall as Black Sea trade withstands war
War in Ukraine propelled grain prices to record highs in 2022, but prices subsided this year
Reading Time: 2 minutes Euronext wheat edged up on Friday but was set for a sharp decline over the year after stiff export competition from the Black Sea region eased worries about war disruption to the grain trade.