Reading Time: 2 minutes Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
Soybeans
U.S. grains: Soybeans set another four-year low following USDA report
Combining underway in Manitoba
Reading Time: 2 minutes The harvesting of fall cereals was well underway in Manitoba, according to the province’s latest crop report released on Aug. 13. Manitoba Agriculture said 39 per cent of the fall rye and 17 per cent of the winter wheat had been combined.
U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate
Reading Time: < 1 minute Chicago | Reuters – Chicago soybeans took a nosedive on Monday to their lowest level since September 2020 as the U.S. Department of Agriculture released data showing a record production forecast for the crop. Meanwhile, corn rose as the government agency saw smaller than expected acreage, and wheat fell on competition from Black Sea crops. The Chicago […] Read more
USDA adjusts August supply and demand numbers
Reading Time: 2 minutes While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
USDA forecasts record soy, bumper corn crops
Reading Time: < 1 minute Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more
U.S. grains: Corn and soy futures near four-year low, wheat rises
Reading Time: 2 minutes Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.
Flow of canola oil to U.S. set to hit record in 2024
Reading Time: 2 minutes American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.
Argentine oilseed workers strike extended as delays hit dozens of ships
Reading Time: < 1 minute A pair of Argentine oilseed industry unions announced a one-day extension to an ongoing strike that has halted operations at the country's major agricultural hubs.
U.S. grains: Corn, soybeans face bearish pressure on hefty supplies
Reading Time: 2 minutes Chicago Board of Trade (CBOT) corn futures fell on Thursday, and soybean futures set new life-of-contract lows, as U.S. farmers scramble to sell their bins of old-crop grain and oilseeds into a global market awash in supplies, traders said.
Canadian markets ignoring any weather woes for now
Reading Time: 3 minutes Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.