Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Monday on forecasts for some much-needed rain in dry parts of Argentina’s growing areas, traders said. Wheat and corn futures closed higher, with wheat receiving support from improving export hopes for U.S. supplies, traders said. Both grains traded in negative territory before buyers stepped in to […] Read more
U.S. grains: Soy falls on Argentine rain view
U.S. grains: Soy, corn jump on Argentine dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at the Chicago Board of Trade, […] Read more
CBOT weekly outlook: Soy waits on Argentine weather, inspections
Reading Time: < 1 minute CNS Canada — Soybean futures on the Chicago Board of Trade hung mostly rangebound during the week ended Wednesday. Attention now shifts to the crop in South America. “People will be watching the Argentine weather situation to see if it has any changes in the second-week forecast of 11 to 15 days,” said Terry Reilly, […] Read more
Argentina pledges access for Canadian pork
Reading Time: 2 minutes Canada and Argentina are in late-stage talks that would see Canadian pork exporters regain access to that South American market. Following a meeting between Argentina’s President Mauricio Macri and Canada’s Prime Minister Justin Trudeau, the federal government last Friday said the two countries have “acknowledged the necessary steps to complete the process to allow for […] Read more
U.S. grains: Wheat, corn futures edge higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said. Wheat received additional support from a weakening dollar and hopes that export demand for U.S. supplies will perk up in the coming weeks amid a production shortfall in Europe. Export demand also provided […] Read more
Shallow roots potential concern for Manitoba sunflowers
Reading Time: < 1 minute Commodity News Service Canada – Sunflower crops in Manitoba are generally in good shape for this time of year, but excess moisture in the key growing areas have kept root systems shallow, which could create problems later in the season, according to an industry participant. It’s still relatively early for sunflowers, with diseases usually not setting in until […] Read more
CBOT weekly outlook: Surprise demand propping up prices
Reading Time: 2 minutes CNS Canada — Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans — “It’s just not over yet,” said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after […] Read more
U.S. grains: Soy surges as export hopes rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more
U.S. grains: Soy, wheat firm on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said. Corn futures weakened, with buyers wary of pushing prices higher amid a swift pace of planting in the U.S. Midwest. Sharp declines on Tuesday caused investors to step in and […] Read more
U.S. grains: Profit-taking sparks sell-off
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures fell on Tuesday, pressured by a round of profit-taking and technical sales, traders said. Soybeans set back from a 15-month high hit during the overnight session while corn and wheat faced resistance after failing to take out last week’s peaks, sparking a […] Read more
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