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(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soy climbs on hopes for China buying

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Tuesday as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. Corn firmed, led by soybeans, but wheat futures fell after USDA raised its forecasts of U.S. and global […] Read more
(Photo courtesy Canola Council of Canada)
Crops, Markets

Large Canadian canola ending stocks expected

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Reading Time: 2 minutes CNS Canada — Canada’s canola ending stocks as of July 31 came in at about a million tonnes above the previous year’s carryout — but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada on Thursday, with 954,000 tonnes of that in commercial […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

U.S. wheat stocks bigger than expected, trade watching weather

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Reading Time: 2 minutes CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more
Hard white winter wheat growing in North Carolina in 2010. (Dave Marshall photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat slips on bearish USDA crop forecast

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell to a near two-week low on Thursday after the U.S. Department of Agriculture’s first official estimate of the 2018-19 U.S. wheat harvest came in above trade expectations. Soybean futures rose, while corn followed wheat lower. CBOT July wheat settled down four cents at $5.06-1/2 […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy react fittingly to USDA reports

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Reading Time: 2 minutes CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters

USDA sees U.S. corn, soy, wheat supplies falling in 2018-19

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Reading Time: 2 minutes Washington | Reuters — U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the U.S. Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to drop due to smaller harvests, according to the government’s monthly […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola backs away from lofty heights

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Reading Time: 2 minutes CNS Canada — It was a busy week for canola contracts on ICE Futures Canada as the most-active July contract rocked and rolled between $530 and $540 per tonne before settling Wednesday at the $528 mark. The last time the dominant canola contract was above the $535 mark was in November last year. Commercial interest, […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters

U.S. grains: Soybeans climb on USDA data

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Tuesday after the U.S. Department of Agriculture trimmed its forecast of U.S. 2017-18 soybean ending stocks in a monthly report, bucking trade expectations for an increase. Wheat closed modestly higher on technical buying and worries about poor weather in the U.S. Plains wheat belt, while […] Read more

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