Reading Time: 2 minutes MarketsFarm — Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of […] Read more
CBOT weekly outlook: Weather fuels rallies in grain prices
Rains expected in U.S. Plains states
U.S. grains: Corn, soy, wheat futures sag on demand worries
U.S. winter wheat harvest adds seasonal pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures and nearby soybean futures fell on Wednesday, backing down from multi-week highs, as traders weighed fears of flagging demand for grains and other commodities against worries about dry Midwest weather curbing crop prospects, traders said. Wheat futures sagged on profit-taking after a four-session advance and seasonal pressure from […] Read more
Ukraine’s farm output could take 20 years to recover, study suggests
Some crop sectors may recover more quickly
Reading Time: < 1 minute Kyiv | Reuters — Ukraine’s agricultural sector could take 20 years or more in parts to recover from the ravages of Russia’s full-scale invasion, according to a Kyiv-based research centre. Ukraine is a major global grower and exporter of wheat, corn, sunflower and sunflower oil, but its production has fallen sharply since the war start […] Read more
Fund short position grows in canola
Traders net long in soy, K.C. wheat
Reading Time: < 1 minute MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] Read more
U.S. grains: Corn climbs on dry conditions
Wheat follows corn higher, soybeans mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a nearly two-month high on Monday as traders fretted about disappointing weekend rains and dry conditions stressing crops in portions of the Midwest crop belt, analysts said. Wheat futures followed, finding additional support from rising tensions in the Black Sea region. Soybean futures settled mixed, with […] Read more
USDA’s June WASDE report brings few notable changes
Canadian wheat harvest expectation unchanged
Reading Time: 2 minutes MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
U.S. grains: Soybeans up as soyoil touches one-month high
Traders watch U.S. crop weather forecasts
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures exceeded a three-week high on Friday as demand from end-users helped push soybean oil above a one-month peak, traders said. Spillover support from soyoil’s rally lifted soybeans while corn futures slumped, traders said. Soyoil has advanced more than 22 per cent since dropping on May […] Read more
U.S. grains: Wheat futures rebound
Corn, soybeans close firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, bouncing back from a sharp sell-off a day earlier on support from technical buying and concerns about supply disruptions stemming from the Russia-Ukraine war, traders said. Corn and soybeans also closed in positive territory, with old-crop contracts supported by expectations that supplies will remain tight […] Read more
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
Reading Time: < 1 minute MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
U.S. grains: Corn, soybeans rise ahead of USDA report
U.S. wheat futures end mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Tuesday as investors unwound bearish bets ahead of a key government supply and demand report at the end of the week, traders said. “It is all money flow,” said Karl Setzer, brokerage research lead with Mid-Co Commodities. “When you get down to it, funds have built […] Read more
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