Reading Time: 2 minutes MarketsFarm — Sharp losses in Chicago Board of Trade soybeans over the past month are looking overdone, according to an analyst who expects the lows may be in for the time being. March soybeans lost roughly 60 U.S. cents per bushel since the beginning of January, with the latest concerns over the coronavirus in China […] Read more
CBOT weekly outlook: Soybeans oversold
U.S. grains: Wheat, corn, soybeans drop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.4 per cent on Wednesday on a round of follow-through selling after Tuesday’s technical setback, traders said. The weakness in wheat spilled over to the corn market, which also faced some profit-taking after a higher opening during the overnight trading session. Soybean futures fell for the seventh […] Read more
U.S. grains: Corn futures hit three-month high on export demand
Profit-taking sparks pullback in CBOT wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures topped a three-month high on Thursday on improved export demand, while wheat futures traded near a 1-1/2 year high reached a session earlier. Soybeans eased to a one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of last week’s initial trade agreement […] Read more
U.S. grains: Corn, soy fall as traders await Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures weakened and soybeans touched a five-week low on Tuesday as traders awaited confirmation that China has started to buy more U.S. crops after the countries signed an initial trade deal last week. Most actively traded wheat futures hit their highest price since August 2018 at the Chicago Board […] Read more
Tighter supplies, solid demand underpin durum bids
Reading Time: 2 minutes MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains and Products in Winnipeg. Canada […] Read more
U.S. grains: Corn soars on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March […] Read more
U.S. grains: Soybeans sag despite China trade deal signing
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a one-month low on Wednesday even as U.S. President Donald Trump signed a “Phase One” trade deal with China, the world’s top soy importer, reflecting traders’ uncertainty about the terms of the pact. Corn followed soybeans lower, but wheat futures surged to their highest in more […] Read more
U.S. grains: Wheat hits six-month top as world prices rise
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world’s top wheat supplier, is considering limiting grain exports through June, traders said. Soybean futures ended flat and corn drifted lower as brokers awaited Wednesday’s signing of a U.S.-China Phase […] Read more
U.S. grains: Soy declines, corn firms as China deal’s terms awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Monday on favourable crop weather in South America and position-squaring as traders waited to see if a U.S.-Chinese trade agreement due to be signed this week will herald a significant increase in demand for U.S. crops. Wheat futures also fell, down from multi-month highs set last […] Read more
Prairie cash wheat: Depending on variety, bids a mixed bag
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada varied for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was mixed, while Canada Prairie Spring Red (CPSR) was stronger, and durum (CWAD) steady to slightly higher. The Canadian dollar lost about a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] Read more
A message from April Stewart, Country Guide's Associate Editor
