Reading Time: 2 minutes Corn and wheat prices at the Chicago Board of Trade (CBOT) were mostly steady during the week ended Aug. 21, while those for soybeans started to move upward.
CBOT Weekly: Prices stable with potential gains upcoming
Feed weekly outlook: Barley finds support in lull between old, new crops
Reading Time: < 1 minute MarketsFarm — Feed barley bids in Western Canada are seeing some modest strength in early September, as old-crop supplies run out and the new crop is not yet available. “Prices have definitely gone up this past week,” said Mike Fleischhauer of Eagle Commodities at Lethbridge. Expectations for a good 2020 crop had farmers making space […] Read more
U.S. grains: Soy up on prospects for Chinese demand
U.S. dollar strength drags on wheat, corn
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more
U.S. livestock: CME cattle, hogs relatively steady on trade deal hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures remained relatively steady on Monday but funds continued to hold their long positions in anticipation of a surge of demand for U.S. meat after the U.S.-China “Phase 1” trade agreement is finalized, traders said. U.S. lean hog futures inched upward, rising for a third session on the same […] Read more
U.S. grains: Wheat, soybean futures rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. grains: Soy, wheat, corn firm on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Thursday on supportive export demand and light bargain buying following a three-day slide, along with renewed optimism about demand for soy-based biodiesel fuel, analysts said. Wheat and corn rose on light technical buying and bullish weekly export sales data. Chicago Board of Trade November soybean futures […] Read more
U.S. grains: Wheat down on weak export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. Corn fell, following wheat, and soybeans also declined after a choppy session. Chicago Board of Trade December wheat settled down 4-3/4 cents at $4.30 […] Read more
CBOT weekly outlook: Corn, soy look for export demand
Reading Time: 2 minutes CNS Canada — The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be […] Read more
U.S. grains: Soybeans ease but notch fourth weekly gain
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Friday on profit-taking but the benchmark Chicago Board of Trade November contract still recorded a fourth straight weekly advance, supported by firm cash markets and export demand. CBOT wheat rose on short-covering and worries about dry conditions in Australia while corn closed modestly higher in rangebound […] Read more
ICE weekly outlook: Harvest pressure set to increase
Reading Time: < 1 minute CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at […] Read more
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