Reading Time: < 1 minute MarketsFarm — Corn, wheat and soybeans were all trading on a positive note at the Chicago Board of Trade (CBOT) just days before the winter holidays. According to Scott Capinegro, a broker for Barrington Commodity Brokers at Lake Barrington, Ill., a greater appetite for risk by investors and inclement weather have both supported the markets. […] Read more
CBOT weekly outlook: Corn up, but highs may not last
U.S. grains: Corn, soybeans hit summertime-level highs
Dryness in Brazil and Argentina in view for soy and corn; investors show renewed appetite for risk, traders say
Reading Time: 2 minutes Chicago | Reuters — Unfavourable dryness in crop-growing areas of South America on Tuesday pushed Chicago Board of Trade corn futures to their highest price since July and soybeans to an August high, analysts said. Wheat futures also rallied. South American weather was in the spotlight amid concerns about dry weather in southern Brazil, the […] Read more
Pulse weekly outlook: Lentils steady during holidays
Reading Time: < 1 minute MarketsFarm — There isn’t much movement in lentil prices as the market is in holiday mode, according to Dale McManus of Johnston Grains at Welwyn, Sask. “We’re doing two or three loads every second or third day, but not over-pushing it,” he said. Prices for lentils have been very steady this week. Lairds in Western […] Read more
U.S. grains: Winter wheat futures rise on demand, crop woes
CBOT soybeans up, corn down
Reading Time: 2 minutes Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that […] Read more
U.S. grains: Soy, corn set multi-month highs
South American crop uncertainty, chart-based buying are factors
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Friday, hitting a 2-1/2 month top on worries about South American crop weather coupled with chart-based buying, traders said. Corn futures set a four-month high near $6 a bushel and wheat followed the firm trend (all figures US$). Chicago Board of Trade January soybeans settled […] Read more
Feed weekly outlook: Bids high, but limited supplies mean little moving
Reading Time: < 1 minute MarketsFarm — Feed grain prices in Western Canada remain at very high levels heading into the New Year, but little is actually trading as feedlots fill up with cheaper corn from the U.S. “The volume trading of Canadian feed grains has dropped significantly,” said Jim Beusekom, of Market Place Commodities at Lethbridge, noting about 80 […] Read more
U.S. grains: Soybeans hit three-week top as soyoil climbs
Wheat, corn futures end higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a three-week top on Thursday as soyoil futures rose two per cent and hit their highest in a week on signs of tightening U.S. vegetable oil supplies and fresh export demand, traders said. Wheat futures rose by nearly two per cent, bouncing back from a four per […] Read more
ICE weekly outlook: Canola futures bend under pressure
Reading Time: < 1 minute MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
CBOT weekly outlook: Soybeans, corn enter holiday mode
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade are expected to hold relatively rangebound over the next few weeks, although year-end positioning and thinner holiday volumes could lead to some volatility. General unwinding of spreads and fund profit-taking were weighing on prices in mid-December, Sean Lusk of Walsh Trading in Chicago […] Read more
U.S. grains: CBOT wheat nears two-month low
Corn declines; soy ends firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly […] Read more
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