Chicago Board of Trade soybean and corn futures edged higher on Tuesday as traders adjusted positions and moved to the sidelines while awaiting results from the U.S. presidential election.
Archer-Daniels-Midland shares fell eight per cent premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding fresh accounting irregularities.
Argentina's current wheat crop benefited from significant rainfall that fell over southern parts of the country's agricultural area at the weekend, the Rosario Grains Exchange (BCR) said in a report on Monday.
Chicago Board of Trade corn and soybean futures rose on improved U.S. export demand, analysts said, as the Department of Agriculture confirmed more sales on Monday.
October weather, as well as in September, was unfavourable for the development of Ukrainian winter crops, most of which lack moisture, analyst APK-Inform quoted the Ukrainian national agricultural academy as saying on Monday.
Chicago Board of Trade soybean futures rose on Wednesday after a four-session slide, amid strength in crude oil markets and signs of continued U.S. export demand for the oilseeds, market analysts said.
Bunge exceeded Wall Street expectations for third-quarter profit on Wednesday as large global harvests provided the grain trader and processor enough volumes of soy, corn and other crops to blunt a hit from lower margins.
Farmers can ask for a final quality determination from the Canadian Grain Commission if they disagree with their grain grade or other quality assessment from the elevator
Russia on Wednesday accused Britain of using a Black Sea grain corridor to deliver arms to Ukraine, after denying London's allegations that Russian attacks on Ukrainian ports had disrupted crucial grain supplies for other countries.