Reading Time: 2 minutes CNS Canada — Soybean futures on the Chicago Board of Trade suffered sharp losses Wednesday after China said it would slap a 25 per cent tariff on soybean imports in retaliation for U.S. sanctions that had been placed on it. The dominant May contract plummeted 55 cents to $9.83 a bushel, before bargain-hunters stepped in […] Read more
CBOT weekly outlook: Soybeans wade through turbulent trade waters
ICE weekly outlook: Canola creeps toward $500
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
ICE weekly outlook: Sideways canola looks for direction
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts remain stuck in a sideways trading pattern, with little hint of which way values will eventually break. Canola “is getting tugged from different sources,” said Ken Ball of PI Financial in Winnipeg, adding that “it could go up or down $5 depending on what happens around it.” […] Read more
U.S. grains: Soybeans, meal rise on Argentina weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
ICE weekly outlook: Canola looks to soyoil wildcard
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
U.S. grains: Soybeans climb on seasonal strength, bullish soyoil data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Wednesday on seasonal strength as the Midwest harvest wound down and a jump in soyoil tied to an unexpected monthly drawdown in domestic supplies, traders said. Chicago Board of Trade wheat futures fell nearly two per cent, nearing contract lows, in a technical sell-off. Corn futures […] Read more
U.S. grains: Soy, wheat, corn firm on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Thursday on supportive export demand and light bargain buying following a three-day slide, along with renewed optimism about demand for soy-based biodiesel fuel, analysts said. Wheat and corn rose on light technical buying and bullish weekly export sales data. Chicago Board of Trade November soybean futures […] Read more
U.S. grains: Wheat nears four-week low on weak export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell to a near four-week low on Monday on plentiful global inventories and weak demand for U.S. supplies, analysts said. Soybeans turned down after touching a two-week high and corn drifted lower on a day when U.S. government offices, including the Department of Agriculture, were closed for the […] Read more
ICE weekly outlook: Canola facing uphill climb
Reading Time: < 1 minute CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
U.S. grains: Wheat rises to one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures set a one-month high Wednesday on technical buying and worries about dry conditions in the Midwest that helped the market rally after a weak start, traders said. Corn and soybeans also turned up, shaking off early pressure tied to the expanding harvest of both crops in the U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
