Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures rose in a short-covering and […] Read more
U.S. grains: Soybeans rise on South American crop shortfall
Corn, wheat also up
Corteva CEO bullish on grain, oilseed prices for 2022
Reading Time: < 1 minute Reuters — Corteva expects prices for grains and oilseeds to remain high this year on record demand levels, its CEO said Thursday, following the insecticide and seed company’s upbeat sales outlook a day earlier. Global agriculture demand and prices for crops picked up pace in the fourth quarter of 2021, thanks to economies reopening and […] Read more
ICE weekly outlook: Canola moving back in line with soybeans
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but lagged the Chicago Board of Trade soy complex to the upside as the spreads between the two markets saw some readjustment. “If you had bought 100 tonnes of March canola on Dec. 21 you’d be up about $10 per tonne right […] Read more
CBOT weekly outlook: Soybeans at US$16 possible, trader says
Reading Time: 2 minutes MarketsFarm — Prices for soybeans and corn at the Chicago Board of Trade (CBOT) could push higher in the coming weeks, should South America remain dry, according to Bryan Strommen of Progressive Ag at Fargo, N.D. More and more estimates on soybean production in Brazil have been projecting a much smaller harvest than initially hoped […] Read more
U.S. grains: Soybeans climb on supply worries
Corn sinks as ethanol stocks swell
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to an eight-month peak on Wednesday as reduced South American harvest prospects and improving U.S. export demand lifted the market for a seventh straight session. Corn retreated as spread traders sold contracts and bought soybeans and rising ethanol stocks fuelled concerns about a slowdown in output of […] Read more
U.S. grains: Soybeans up as Brazil crop estimates shrink
Corn, wheat futures rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a seven-month high Tuesday on fears that a smaller-than-expected Brazilian harvest will tighten global soy stocks and steer export demand to U.S. supplies, analysts said. Corn futures followed soybeans higher and wheat firmed on bargain-buying after a three per cent dip a day earlier. The grains […] Read more
Pulse weekly outlook: Lentil prices decline, may shift in spring
Reading Time: 2 minutes MarketsFarm — Prices for Canadian lentils, along with other pulses in the country, have slightly declined since the start of 2022. However, one pulse buyer thinks the next few months can recharge the market. Lionel Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask., explained that a good Australian lentil harvest in December has […] Read more
U.S. grains: Wheat slides on U.S. weather, reduced fears over Ukraine
Corn down, soybeans up
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia and Ukraine, traders said. Corn futures followed wheat down, turning lower in a retreat […] Read more
Canary seed prices likely to be good in 2022
Reading Time: 2 minutes MarketsFarm — Prices for canary seed spiked to all-time new highs and then pulled well back as the Prairie winter set in, according to David Nobbs of Purely Canada Foods in Saskatoon. Nobbs explained prices were on a rollercoaster in 2021, starting out at around 30 cents per pound only to climb through the 30s […] Read more
U.S. grains: Soybeans surge on weather concerns
CBOT wheat rises after slide
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures surged on Friday, reaching highs not seen since last summer, as the market anticipated drought losses in South America that could curb global export supplies. Wheat rose after a two-day slide, attracting bargain-buying and traders hunting for short-covering, as investors closely monitor a standoff between Russia and the […] Read more
A message from April Stewart, Country Guide's Associate Editor
