Reading Time: 2 minutes MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
ICE weekly outlook: Potential remains for higher canola prices
U.S. grains: Soybeans fall, pressured by fund selling
Brazil, Argentina showers ease soy, corn supply concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more
Argentine farmers end sales strike as corn export cap pulled
Reading Time: < 1 minute Buenos Aires | Reuters — Argentine farmers called off a three-day-old sales strike on Wednesday, hours before it had been scheduled to end, after the government agreed to free corn export from a recently decreed limit of 30,000 tonnes a day. The export cap that had been imposed at the start of the week was […] Read more
U.S. grains: CBOT corn touches 7-1/2-year high
Chicago wheat, soybeans down on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more
Argentina lifts corn export ban
Export suspension to be replaced with 30,000-tonne sales cap
Reading Time: < 1 minute Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3 […] Read more
Argentina ‘evaluating’ corn export suspension
Move meant to boost domestic food supplies
Reading Time: 2 minutes Buenos Aires | Reuters — Argentina’s government said on Thursday it would review its decision to temporarily suspend corn exports after a meeting between the farming minister and the leaders of the country’s main agricultural associations. The agriculture ministry said in a statement that agreements had been struck to guarantee the domestic supply of corn […] Read more
U.S. grains: Soy, corn futures ease off six-year highs
New USDA reports awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more
CBOT weekly outlook: South American weather, labour issues prop up prices
Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more
U.S. grains: Corn tops US$5 for first time since 2014
'Water deficit' in Argentina draws interest
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said. Wheat futures fell on a lack of fresh supportive news and an upturn in the dollar, which tends to make U.S. grains less competitive globally. […] Read more
U.S. grains: Soybeans set fresh high on supply worries, technical buying
Chicago wheat, corn also close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more
A message from April Stewart, Country Guide's Associate Editor
