Reading Time: < 1 minute The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
U.S. grains: Soy futures end down as traders eye Brazil weather
Wheat and corn futures advance
Reading Time: 2 minutes Chicago Board of Trade soybean futures backpedaled on Tuesday after reaching their highest price in December as traders assessed risks from unfavorable crop weather in Brazil.
Pulse weekly outlook: Good prices for green, yellow peas
Reduced production, increased demand from India and China bolster market
Reading Time: 2 minutes Glacier Farm Media – Prices for green and yellow peas across Western Canada have likely hit their peak, according to Darwin Hamilton of Kalshea Commodities Inc.
Klassen: Year-end buying interest boosts feeder market
Feedlot operators gearing up for shortfall in overall numbers in the first half of 2024
Reading Time: 2 minutes Strength was noted in calves under 650 pounds while feeders over 700 pounds were relatively unchanged. Larger packages of weaned quality genetics were $8 to $10 higher in some cases.
U.S. grains: Soybeans finish higher on Brazil weather concerns, global demand
Wheat futures plummeted; corn pressured by spillover weakness
Reading Time: 2 minutes U.S. soybean futures rose on Monday as concerns re-emerged that drought conditions in Brazil are having a detrimental effect on crops in the top-producing nation and after the U.S. government announced another export sale.
Funds back adding to shorts in canola after month of covering
Corn traders were on the other side of the market
Reading Time: < 1 minute After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Panama Canal drought to delay grain ships well into 2024
Wait times more than doubled between October and late November, prompting some shippers to reroute
Reading Time: 3 minutes Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.
U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data
U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week
Reading Time: 2 minutes U.S. soybean futures fell on Friday after the Department of Agriculture's updated estimate of Brazil's soybean harvest fell toward the high end of trade expectations, easing concerns about global supplies of the oilseed.
U.S. grains: Soybeans rally ahead of Argentina’s inauguration of Milei, U.S. export sales
The libertarian president-elect has pledged to dollarize the economy, leading to devaluation rumours
Reading Time: 2 minutes U.S. soybean futures rose on Thursday on a fresh round of export sales and the prospect of Argentina's new President Javier Milei devaluing the nation's currency after he takes office over the weekend, analysts said.
U.S. grains: Wheat rises on third day of US sales to China; soy, corn retreat
Corn and soybean were pressured by weather forecasts for Brazil and parts of South America
Reading Time: 2 minutes Chicago wheat pared gains on Wednesday after touching a four-month high following a third straight day of private sales of U.S. wheat to China, the largest wave of Chinese purchases in almost a decade.
A message from April Stewart, Country Guide's Associate Editor
