Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more
U.S. grains: Soybeans trim back on improved crop conditions
Wheat gains on weaker U.S. currency
U.S. grains: Corn weakens on rain across Midwest
Soybeans gain for fifth session, wheat futures tumble
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more
CBOT weekly outlook: Weather the key for soybeans, corn
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk […] Read more
CBOT weekly outlook: Trade looks to weather for support
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
Prairie summer weather patterns to hold for now
Reading Time: < 1 minute MarketsFarm — No major changes in the current weather patterns on the Prairies are expected at this time, according to a pair of weather experts. So far this summer, the region’s weather has been highlighted by warmer and generally drier conditions in the eastern Prairies, while the western portion has been cooler with a great […] Read more
ICE weekly outlook: Canola mixed at midweek
Reading Time: < 1 minute MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said […] Read more
U.S. grains: Soy, corn slump on crop weather, economic concerns
U.S. Midwest sees generally mild temperatures
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more
CBOT weekly outlook: Prices stable, crops looking good
Reading Time: 2 minutes MarketsFarm — Over the last few weeks, soybean and corn prices on the Chicago Board of Trade (CBOT) have stabilized, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. “And that’s a good thing. Where this goes from here is still anybody’s guess,” he said. Noting that the crops in the United States are […] Read more
ICE weekly outlook: Canola market floating headline to headline
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved lower during the week ended Wednesday, but activity was choppy as futures reacted to broad swings in global financial markets. While the looming growing season should be starting to garner some attention, the COVID-19 pandemic “has grabbed all of the headlines and all of the oxygen out […] Read more
U.S. forecaster sees 65 per cent chance of no spring El Nino, La Nina
Reading Time: < 1 minute Reuters — There is about a 65 per cent chance that neutral weather conditions will prevail in the Northern Hemisphere this spring with no El Niño or La Niña, up from 60 per cent last month, a U.S. government weather forecaster said on Thursday. The El Niño-Southern Oscillation-neutral (ENSO) weather pattern is marked by average […] Read more
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