Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose roughly two per cent on Wednesday, rebounding a day after the most active contract fell to a 10-year low as the harvest of a likely record-large U.S. crop got under way, analysts said. U.S. wheat futures climbed on technical buying and tightening global supplies, while corn futures […] Read more
U.S. grains: Soybeans rebound from 10-year low
CBOT weekly outlook: Spec selling pressures corn, soy
Reading Time: 2 minutes CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global […] Read more
Klassen: Feeder market eyes April live cattle futures
Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more
U.S. grains: Corn slips to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
Prairie harvest window possible next week
Reading Time: 2 minutes CNS Canada — Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. “Western and northern parts of Alberta have some serious issues,” said Drew Lerner of World Weather Inc. in Kansas […] Read more
U.S. farmers rush to clear crops but animals stay in Florence’s path
Reading Time: 3 minutes Chicago | Reuters — As powerful Hurricane Florence advanced toward the southeastern U.S., farmers in North Carolina rushed to harvest corn and tobacco and stock up on pig rations, while the danger of sustained rain and deadly flooding threatened a state where millions of farm animals are housed. “The governor said that North Carolina is […] Read more
U.S. grains: Corn, soy rise on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices. Wheat climbed on technical buying, along with worries about tightening global supplies. Chicago Board of Trade December […] Read more
U.S. grains: Soy falls to six-week low on crop prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Tuesday, with the benchmark November contract on the Chicago Board of Trade hitting a six-week low on expectations of a bumper U.S. harvest and uncertainty about demand, analysts said. Corn futures followed soybeans lower while CBOT wheat steadied after a six-session slide […] Read more
Sask. crop proceeds well ahead of average pace
Reading Time: < 1 minute CNS Canada – Saskatchewan harvest continues to come off well ahead of the five-year average. Saskatchewan Agriculture, in its latest crop report for Aug. 14-20, said the harvest was 16 per cent complete compared to the five-year average of seven per cent. Dry weather was allowing producers to stay in fields. Harvest is most advanced […] Read more
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