Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on […] Read more
U.S. grains: Soybeans up with session peak highest since July
Corn, wheat ease
U.S. grains: Soybeans, corn supported by South America dryness
Wheat ratings decline in Kansas, Oklahoma, USDA says
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel, […] Read more
Pulse weekly outlook: Peas, lentils may see slight movement
Reading Time: < 1 minute MarketsFarm — As the calendar changed to 2022, there was not much movement on pulse markets — but they weren’t entirely static, according to a Saskatchewan-based broker. “Yellow and green peas have been moving (lately), but as far as lentils and others, no,” said Dale McManus, broker for Johnston’s Grain at Welwyn, Sask. He attributed […] Read more
U.S. grains: Soy climbs on South American weather
Corn also underpinned by weather, brisk demand
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures ended higher on Monday, supported by risks of hot and dry weather for South American crops as they near harvest. Wheat fell, pressured by a stronger U.S. dollar, pulling corn lower. The most active soybeans contract on the Chicago Board of Trade (CBOT) ended 16-1/4 cents higher at […] Read more
ICE weekly outlook: Hard to say where canola is going
Reading Time: < 1 minute MarketsFarm – There was a first for canola on Dec. 29, in that three contracts exceeded C$1,000 per tonne at the same time. In the sharp upswing during that Wednesday morning on the Intercontinental Exchange, the nearby January, March and May canola contracts respectively reached new highs with the former hitting the daily limit of […] Read more
Klassen: Feeder market closes year on firm tone
Reading Time: 2 minutes There were no major sales last week; however, a few auction barns held sales with a light run of feeder cattle along with bred cows and bred heifers. Compared to seven days earlier, western Canadian feeder cattle prices were relatively unchanged. Liquidation of the cow herd was the main feature on both sides of the […] Read more
U.S. grains: Soybeans, corn extend rally
Dry South American weather stokes worries on crops; wheat prices move on technical trading
Reading Time: < 1 minute Chicago | Reuters — Chicago soybeans and corn extended gains on Monday to hit multi-month highs as dry and hot weather in South America stoked supply worries. Wheat rose early in the session, bolstered by hopes for greater export demand, but ended the day down on technical trading. Dealers said many market participants were still […] Read more
U.S. grains: Corn futures near six-month high
South America weather threats support U.S. soy, corn
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures neared a six-month high and soybean futures topped a four-month high on Thursday on concerns about unfavorable dryness and heat threatening South American crops, analysts said. Rain is not expected to bring much relief to southern Brazil, the world’s top soybean exporter, and Argentina in […] Read more
ICE weekly outlook: Holiday canola trading is anyone’s guess
Reading Time: < 1 minute MarketsFarm — The canola trading week starting Tuesday (Dec. 28) will be a short one and Keith Ferley of RBC Dominion Securities said anything can happen. “I don’t know if we’re going to see that with computer trading. Volumes usually lighten up, but nothing is normal in this COVID world,” he cautioned. Canadian markets, including […] Read more
U.S. grains: Soy, corn futures extend rally
South American weather woes remain 'concerning'
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine […] Read more
A message from April Stewart, Country Guide's Associate Editor
