Reading Time: 2 minutes Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
Reading Time: 2 minutes U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
Funds holding large net short in canola heading into 2024
Corn traders were covering shorts and putting on some new longs as New Year rolled in
Reading Time: < 1 minute The net short position in canola futures was sitting near its largest levels on record to end 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
EU wheat prices set for annual fall as Black Sea trade withstands war
War in Ukraine propelled grain prices to record highs in 2022, but prices subsided this year
Reading Time: 2 minutes Euronext wheat edged up on Friday but was set for a sharp decline over the year after stiff export competition from the Black Sea region eased worries about war disruption to the grain trade.
CBOT weekly outlook: Late Christmas gift for futures
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
Reading Time: 2 minutes On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
Reading Time: 2 minutes Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.
Speculative net short position in canola hits new record
CBOT long liquidation saw the net long position in soybeans dip
Reading Time: < 1 minute The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
AAFC raises canola, wheat ending stocks forecasts
Pea, barley carryout estimates raised, lentils cut in half
Reading Time: < 1 minute Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.
Prairie cash wheat: Most Western Canadian cash prices drop
Surge in Canadian dollar weighed on Prairie cash prices
Reading Time: 2 minutes Wheat prices across the Canadian Prairies fell back for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum were mixed.
Argentina’s Milei to seek 15 per cent export tax hike on some grains: source
The new president pledged "shock" measures to fix the country's economic crisis
Reading Time: < 1 minute Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.
A message from April Stewart, Country Guide's Associate Editor
