Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped sharply on Monday, as harvest pressure pushed the market lower, traders said. Corn followed soybeans lower, while wheat ended slightly higher on concerns that dryness across the U.S. Great Plains might limit winter wheat growth. Chicago Board of Trade most-active soybeans fell 31-3/4 cents to $10.33-3/4 per […] Read more
U.S. grains: Soybeans fall as harvest pressure fills bulls’ void
Corn follows soybeans lower; wheat ends slightly higher
Argentina approves drought-tolerant GM wheat
Variety would need Brazil approval before going commercial
Reading Time: 2 minutes MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the […] Read more
U.S. grains: Soybean futures hit 2018 highs as supplies tighten
USDA cuts domestic soy ending stocks; traders expect more demand from China
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest prices since March 2018 after the U.S. Department of Agriculture on Friday said inventories will dwindle to a five-year low. Corn futures advanced to a one-year high, while wheat futures slumped in a setback from a five-year high reached on Thursday. […] Read more
USDA’s WASDE bullish for soy, corn, wheat
Reading Time: < 1 minute MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523 […] Read more
U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks
Chicago corn also rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But […] Read more
Wheat, canola exports ahead of year-ago pace
Reading Time: < 1 minute MarketsFarm — Canadian grain and oilseed exports are running well ahead of the year-ago level eight weeks into the 2020-21 marketing year, according to the latest data from the Canadian Grain Commission. Total bulk exports of the major grains and oilseeds, as of Sunday, of 7.17 million tonnes compare with the six million exported during […] Read more
U.S. grains: Corn hits seven-month top on tightening stocks
Chicago November soybeans end flat, December wheat down
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a seven-month peak on Thursday, boosted by strong export sales and bullish government data indicating domestic stocks were smaller than expected, traders said. However, corn settled off its highs and soybean futures erased gains to end flat, under pressure from an influx of grain sales by […] Read more
U.S. grains: Corn, soy, wheat futures surge on lower-than-expected stocks
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain and soybean futures soared on Wednesday after the U.S. Department of Agriculture surprised traders by reporting crop inventories that were smaller than expected. Supply levels have declined after China, the world’s top soybean importer, stepped up its purchases of U.S. farm goods this summer. Corn supplies […] Read more
U.S. grains: Corn, soy ease as harvest advances
USDA quarterly stocks data awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on expectations of rapid harvest progress this week and a slowdown in demand from China, a big buyer of U.S. soybeans and corn, in recent weeks, analysts said. Wheat futures also fell but declines in all three commodities were muted as traders […] Read more
U.S. grains: Soybeans end down on harvest pressure
Chicago corn, wheat futures climb
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Monday on the outlook for favourable harvest weather in the heart of the Midwest, where producers are poised to sell soybeans and store their corn, analysts said. Traders were also squaring positions ahead of quarterly grain stocks reports due midweek from the U.S. Department of Agriculture. […] Read more
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