Reading Time: 2 minutes U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
Daily news
U.S. grains: Corn rises on US yield concerns, strong crush demand lifts soybeans
Carney expects to meet senior China leaders, sidesteps question on tariffs
Reading Time: 2 minutes Prime Minister Mark Carney on Thursday said he expected to meet senior Chinese leaders soon but sidestepped a question about dropping tariffs on Chinese electric vehicles in exchange for relief from Beijing’s duties on canola.
China holds off on soybean purchases due to high Brazil premiums, traders say
Reading Time: 2 minutes China has yet to secure much of its soybean supply for December and January as high premiums for Brazilian cargoes discourage buyers.
U.S. livestock: Cattle mixed on technicals, profit taking after tight supply rally
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as tight supplies and higher choice beef values supported the market before profit taking and technical selling clipped gains, analysts said. Live and feeder cattle futures both notched contract highs in the previous session following nearly two straight weeks of daily advances. […] Read more
U.S. grains: Corn gains on firm cash markets, big crush supports soybeans
Reading Time: 2 minutes U.S. corn futures gained on Wednesday as slow farmer sales of newly harvested grain firmed cash market prices and triggered short covering and technical buying in the futures market.
CBOT Weekly: Grain, oilseed futures under pressure
Reading Time: 2 minutes November soybeans lost 23 U.S. cents per bushel during the week, while corn and wheat losses ranged from five to 10 cents.
ICE canola weekly outlook: Off lows, but sideways trade likely
Reading Time: < 1 minute Canola futures trended higher during the week ended Oct. 15, with the November contract settling above its 20-day moving average for the first time in nearly a month. Optimism over thawing trade relations with China contributed to the gains, although the lack of any concrete movement to end the stiff tariffs on Canadian canola seed or oil tempered the advances.
Prairie forecast: Active pattern continues with mostly-dry west, wet start for east
Reading Time: 3 minutes The active pattern that we saw last week looks to continue into this forecast period which means more chances for rain, possibly some wet snow and a continuation of the temperature rollercoaster ride.
Grain trader Bunge lowers 2025 profit forecast after closing Viterra deal
Reading Time: 2 minutes U.S. grain trader and processor Bunge on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment and volume reporting to align with its integrated operations.
Trump mulls ending some trade ties with China, including in relation to cooking oil
Reading Time: < 1 minute U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil.