Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the fourth day in a row to their lowest since June 30 as expectations kept building that growing supplies will outstrip demand even as top buyer China steps up its purchases, traders said. A bearish supply outlook also pressured wheat futures, which dropped to a one-month […] Read more
U.S. grains: Bearish supply outlooks spark selling in corn, soy, wheat
Wheat outlooks in Canada, Russia, Australia bearish
U.S. grains: Wheat, soy futures fall on bearish supply view
Chicago corn steadies
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.9 per cent on Thursday to their lowest in nearly a month, their third decline in four sessions, with expectations for rising global supplies pushing prices lower, traders said. Corn futures steadied after hitting fresh contract lows on Tuesday, with the outlook for massive […] Read more
Crop tour suggests record-large wheat harvest ahead
Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers are on track to harvest a record-large all-wheat crop, and more canola than last year, due mainly to favourable crop conditions, advisory service FarmLink Marketing Solutions estimated Wednesday. The Winnipeg-based company’s staff toured western Canadian fields during the last two weeks of July. “We expected a big crop and […] Read more
U.S. grains: Wheat, corn futures firm
CBOT soy eases on U.S. Midwest rain forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures ticked higher on Wednesday, supported by a round of bargain buying and short-covering after posting sharp declines a day earlier, traders said. Soybean futures weakened to their lowest level since July 14, with forecasts in key growing areas of the U.S. Midwest calling for rains that […] Read more
Wheat in Beirut’s port granaries not usable
Lebanon will import wheat, economy minister says
Reading Time: < 1 minute Cairo | Reuters — Lebanon’s economy minister, Raoul Nehme, told local media on Tuesday that the wheat in Beirut’s port granaries cannot be used and that the ministry lost track of seven employees in the granaries. The minister also told local media that Lebanon will import wheat and added that the country currently has enough […] Read more
U.S. grains: Crop expectations spark sell-off in corn, soy futures
Bleak export prospects sink CBOT wheat
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures posted sharp declines on Tuesday, with the market focused on expectations for bumper yields across the U.S. Midwest this fall due to forecasts for rain in key growing areas, traders said. On a continuous basis, corn futures dropped to their lowest level since June 29 while […] Read more
U.S. grains: Wheat futures fall on U.S. export woes
Corn, soybeans firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped two per cent on Monday as rising expectations for harvests in Russia and Australia cast a shadow over already weak demand prospects for U.S. supplies, traders said. “Even though our prices are low, we are still being undersold,” said Al Kluis, managing director of Kluis Commodity Advisors. […] Read more
Feed weekly outlook: Feed grains come under harvest pressure
Reading Time: < 1 minute MarketsFarm – Delayed springtime planting pushed back the feed grain harvest. As a result, prices for old crop feed grains are now beginning to converge with new crop prices. “It feels like we’re transitioning towards new crop,” remarked Travis Ebens, a grains trader with CorNine Commodities in Lacombe, Alta. He said prices for feed barley […] Read more
U.S. grains: Soybeans ease on China tensions
Wheat gains on declining U.S. dollar, export hopes; corn mostly flat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s […] Read more
Producer deliveries spike in June
Reading Time: < 1 minute MarketsFarm — Grain deliveries in Canada increased 48.5 per cent from May to June, according to Statistics Canada in a report released today. The report, Producer Deliveries of Major Grains, showed more than 5.16 million tonnes of all grains were delivered by producers in June, compared to the approximately 3.54 million tonnes in May. It’s […] Read more
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