Reading Time: 2 minutes Chicago Board of Trade corn futures rebounded off of multi-year lows on Friday, and soybean futures briefly turned higher, as a government report forecast tighter stocks than traders had expected.
Corn
U.S. grains: Corn futures turn higher on surprise old-crop stocks forecast
Cereals withstood storms better: CCHA
Approximately 1,000 crop damage claims made from storms between June 23 and July 1
Reading Time: < 1 minute “Numerous early season storms have resulted in a number of claims for the industry,” CCHA Chairman Scott McQueen of Palliser Insurance said in a statement. “Cereals have generally fared better as many were hit in the grassy stages of development and minimal damage to the plant was caused with environmental conditions being favourable so that crops that were hit by hail are able to recover.”
U.S. grains: Wheat, corn and soybeans rebound ahead of data
Reading Time: < 1 minute Chicago wheat, corn and soybean futures regained ground on Thursday after Wednesday's dramatic losses as investors covered short positions ahead of the U.S. Department of Agriculture's supply and demand report set to be released on Friday.
U.S. grains: Soy futures fall to 2020 low on strong US crop prospects
Reading Time: 2 minutes Chicago Board of Trade soybean futures fell to a 2020 low on Wednesday, while corn hovered near a four-year low as favorable U.S. crop conditions kept a lid on prices.
CBOT weekly: Good weather leads to new lows in Chicago soybeans and corn
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade fell to fresh contract lows in early July, as relatively favourable growing conditions and bearish technical signals weighed on values.
Manitoba Crop Report: Crops continue to withstand rain showers
Reading Time: 2 minutes Manitoba experienced variable amounts of precipitation during the week ended July 7 as crops continued to develop despite excess moisture in most areas.
U.S. grains: Wheat, corn recover after slide; soy hits 2020 low
Reading Time: 2 minutes Chicago wheat and corn futures ticked higher on Tuesday after sharp declines on Monday, while most-active soybean futures closed at their lowest point in nearly four years, as expectations of ample supplies from northern hemisphere harvests hung over the market.
U.S. grains: Soybean, grain futures drop on expectation of positive crop report
Reading Time: < 1 minute Chicago Board of Trade soybeans and corn futures on Monday dropped to around the lowest prices in four years, as traders expected a positive picture of U.S. crop progress from the U.S. Department of Agriculture (USDA) in a report due later in the day.
Fund short position in canola at four-month high to start July
Reading Time: < 1 minute Fund traders continued to add to their large net short positions in canola as the calendar flipped to the final month of the 2023/24 marketing year for the crop, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta crops doing quite well
Reading Time: 2 minutes Crops throughout Alberta stood at 75 per cent good to excellent as of July 2, according to the latest crop report from the provincial agriculture department. That was eight points above the five-year average despite cooler than normal temperatures and delayed crop development due to excessive rain for most of the province so far this year.