Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed one per cent on Tuesday, scrambling back above US$10 a bushel, amid ongoing worries about poor weather threatening yield prospects in Argentina. Corn futures ended fractionally higher while wheat futures sagged on sluggish export demand for U.S. supplies. Chicago Board of Trade January soybeans settled up 10 […] Read more
U.S. grains: Soybeans climb above $10 on Argentina weather woes
U.S. grains: Soybeans, meal rise on Argentina weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
Canadian pork cleared for Argentina
Reading Time: 2 minutes Argentina is now ready to import Canadian pork for the first time in about 15 years, federal officials report. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Francois-Philippe Champagne announced Wednesday that access to the Argentinian market has been restored for Canadian pork effective “immediately.” Canadian pork processors had started shipping to Argentina in 1998, […] Read more
CBOT weekly outlook: Soybeans excite ahead of holiday
Reading Time: 2 minutes CNS Canada — While corn futures sat quietly this week on the Chicago Board of Trade (CBOT), soybean futures were another story ahead of the U.S. Thanksgiving weekend. On Tuesday, “there was a lot of talk that Argentina was going to have some very good rains; the (soybean) market was understanding of that,” said Steve […] Read more
CBOT weekly outlook: Corn and soybeans down after USDA report
Reading Time: 2 minutes CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more
ICE weekly outlook: Canola enjoying broad-based support
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the […] Read more
CBOT weekly outlook: Corn, soy steady as attention turns to South America
Reading Time: 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both keeping rangebound as attention shifts from last week’s U.S. Department of Agriculture supply/demand report to South American growing conditions. During the week ended Wednesday the December corn contract rose 2.5 cents, to $3.485 per bushel (all figures US$). On the […] Read more
U.S. grains: Soy at two-week low on harvest, pre-report adjustments
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a two-week low on Thursday on pressure from the expanding U.S. harvest and technical selling a day ahead of key U.S. government crop reports, analysts said. Wheat and corn followed the lower trend as traders adjusted positions ahead of the U.S. Department of Agriculture’s small grains […] Read more
U.S. grains: Wheat hits one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest. Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its […] Read more
U.S. grains: Soy up on exports, biodiesel hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures climbed nearly one per cent on Thursday, lifted by strong export demand, gains in soyoil prices and smaller pod count findings on an annual U.S. crop tour, traders said. Corn and wheat futures rallied late in the trading session on short-covering after prices for each […] Read more
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