Reading Time: 2 minutes MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the […] Read more
CBOT weekly: Mostly bullish influences on soy, corn, wheat
China increasing imports, Brazil in weather bind
U.S. grains: Chicago wheat finishes higher on short covering
Soybeans nearly unchanged, drought in Brazil looms over production
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn […] Read more
U.S. grains: Soybeans up on Brazilian heat, export demand
Wheat moves higher; corn slumps on ample supplies
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more […] Read more
CBOT weekly outlook: The three main factors affecting soybeans
'Here at $13.60, we're 70 cents overpriced'
Reading Time: 2 minutes MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and […] Read more
U.S. grains: Chicago soybeans rise on Brazil’s weather woes
Wheat up more than two per cent on Russian strike in Ukraine; corn finishes slightly higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended higher on Tuesday as Brazil’s torrid, crop-threatening weather conditions remained a prime worry for the market, despite rains over the last couple of days. Wheat futures also rose more than two per cent after a Ukrainian official said that Russian forces struck port infrastructure on one of […] Read more
U.S. grains: CBOT soybeans jump after insufficient Brazil rains
Wheat down more than one per cent
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
Reading Time: 2 minutes With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
Third-quarter profit plunges for JBS
Low U.S. pork prices, beef margins and global chicken glut cited
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real […] Read more
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
U.S. grains: Soybeans spike on China demand, Brazil weather
Wheat rallies on Argentina outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day […] Read more
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