Reading Time: < 1 minute MarketsFarm — There has been scant movement in feed grain prices over the last week, according to Susanne Leclerc of Market Master Ltd. in Edmonton, who noted demand has backed off a little. Buyers have stepped away following rains throughout much of the province, including the drought-stricken south. In turn, she said, prices “softened slightly.” […] Read more
Feed weekly outlook: Prices slip slightly
U.S. grains: Soy futures rally to 10-year top
Corn firm, wheat falls
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied on Thursday, hitting their highest in nearly a decade and threatening their all-time high on signs of good export demand for U.S. supplies, traders said. Corn futures also rose, with cash market strength underpinning the tight supply situation. Wheat futures fell on improving weather for U.S. and […] Read more
CBOT weekly outlook: Soy prices rise, yields may follow suit
Reading Time: 2 minutes MarketsFarm — Soybeans were the high-rising crop on the Chicago Board of Trade (CBOT) for the week ended Wednesday, two days before the U.S. Department of Agriculture’s monthly world agriculture supply/demand estimates (WASDE) are released. Old- and new-crop soybeans all rose in tandem during the week, but while old-crop contracts are rising in price due […] Read more
U.S. grains: CBOT soybeans, corn, wheat rise
Soy nears 10-year highs
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on expectations that robust demand from both the domestic and export sectors will keep supplies tight until harvest in the fall, traders said. Corn futures were firm on support from strength in the cash market while wheat ended in positive territory after trading both sides […] Read more
U.S. grains: Wheat futures drop after rally
Strong cash market supports corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more
U.S. grains: Wheat futures rally, pull corn higher
Soy also gains; Ukraine grain export prospects dim
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 5.1 per cent on Monday, supported by concerns about lengthy disruptions to shipments out of Ukraine as fighting intensified in that key grain export country. The strength in wheat spilled over into the corn market, which was on track to snap a streak of four straight negative […] Read more
Canola exports slow to trickle
Wheat exports also well behind curve: CGC
Reading Time: < 1 minute MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more
U.S. grains: Wheat futures sag as traders eye Ukraine export negotiations
Soybeans ease following export-fuelled gains; corn also lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures weakened on Friday as traders monitored diplomatic talks aimed at resuming shipments of Ukrainian grain stalled since Russia’s invasion, analysts said. Soybean futures also declined as market participants booked profits before the weekend, brokers said. Ukraine was in focus as the United Nations said its aid […] Read more
U.S. grains: Wheat, corn down on Ukrainian export optimism
Soybeans firm on biofuel talk
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat sank on Wednesday for a second straight session to the lowest in nearly two months, as the market gauged diplomatic talks to unblock Ukrainian ports, while U.S. rainfall across the plains added pressure to prices. Corn followed, dropping to a nine-week low, as U.S. farmers caught up on planting […] Read more
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
Reading Time: < 1 minute MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
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