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Daily Network News

  • The U.S. Climate Prediction Center said on Thursday that El Niño has a 61 per cent chance of developing between May and June 2026 and is expected to persist through at least the end of 2026. Photo: lovelyday12/istock/Getty Images

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Soybeans

Photo: JJ Gouin/iStock/Getty Images Plus
Markets, Reuters

U.S. grains: Soybeans climb back above $12 a bushel while wheat stumbles

By Heather Schlitz, Reuters March 20, 2024
Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures jumped two per cent on Wednesday, climbing back above $12 a bushel as commodity funds appeared to cover short positions, brokers said, while news of fresh U.S. soybean export sales and excessive rains in Argentina lent support.

Photo: fotokostic/iStock/Getty Images Plus
Markets

Rangebound outlook for CBOT soybeans/corn in short-term

By Phil Franz-Warkentin March 20, 2024
Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.


Photo: File
Markets

ICE Weekly: Canola hitting highest levels since January

By Adam Peleshaty - MarketsFarm March 20, 2024
Reading Time: 2 minutes Nearly seven months of price pressures and fund selling creating a lengthy downturn have given way to canola trending higher for the first time in 2024.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Wheat, corn tick up on short covering; soybeans falter

By Heather Schlitz, Reuters March 19, 2024
Reading Time: 2 minutes Chicago Board of Trade (CBOT) wheat and corn futures strengthened on Tuesday on technical moves as traders seek to unwind short positions ahead of uncertain springtime weather and upcoming U.S. Department of Agriculture reports, analysts said.


Photo: Thinkstock
General, Reuters

China expands list of GM soybean, corn variety approvals

By Reuters March 19, 2024
Reading Time: < 1 minute China has approved 27 genetically modified corn seed varieties and 3 GM soybean varieties, expanding its list of approvals as it aims to increase the development and planting of high-yielding crops.

U.S. grains: Wheat jumps on rising Black Sea tensions, soy slips
Markets, Reuters

U.S. grains: Wheat jumps on rising Black Sea tensions, soy slips

By Julie Ingwersen, Reuters March 18, 2024
Reading Time: 2 minutes U.S. wheat futures rose 2.7 per cent on Monday as Russia's weekend attacks on Ukrainian ports underscored risks to exportable grain supplies from the Black Sea region, analysts said.


(BanksPhotos/iStock/Getty Images)
Markets

Attaché trims Argentina soybeans, but crop still more than double

By Glen Hallick - MarketsFarm March 18, 2024
Reading Time: 2 minutes Soybean production in Argentina for 2023/24, along with beginning stocks and imports were revised downwards by the United States Department of Agriculture attaché in the capital of Buenos Aires.

Photo: Thinkstock
Markets

Speculators finally backing away from bearish bets in canola

By Phil Franz-Warkentin March 18, 2024
Reading Time: < 1 minute Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


Photo: Thinkstock
Markets, Reuters

U.S. grains: Wheat continues downward trend, soy and corn rise on short covering

By Heather Schlitz, Reuters March 15, 2024
Reading Time: 2 minutes Chicago Board of Trade wheat futures weakened on Friday as plentiful global supplies and weak demand anchored the market, analysts said.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: Wheat and corn plunge on poor export news, soy follows lower

By Heather Schlitz, Reuters March 14, 2024
Reading Time: 2 minutes Chicago Board of Trade wheat futures plunged on Thursday to approach their lowest level since 2020 and dragged corn prices down on spillover weakness, analysts said.


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