Chicago soybean futures fell to a one-week low on Tuesday, with the benchmark contract Sv1 retreating back under $10 a bushel as better-than-expected U.S. crop ratings bolstered production prospects and eased worries about recent dry weather.
U.S. soybean futures rose about one per cent on Monday, supported by fresh export demand, dry weather in the Midwest crop belt and uncertainty about the start of planting in Brazil, traders said.
Chicago | Reuters – Chicago soybean futures slid on Friday on expectations of large U.S. yields and profit taking following a rally earlier in the week sparked by speculators unwinding large short positions, traders said. Wheat and corn futures also dipped as funds sought profits and positioned ahead of two U.S. Department of Agriculture reports that will […] Read more
A series of storms left a path of destruction in all three Prairie provinces from Aug. 19 to 25. More than one million acres were either damaged or destroyed by the storms bringing hail and strong winds, leading to more than 2,800 claims of crop damage, according to the Canadian Crop Hail Association (CCHA). “This […] Read more
Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
Barley and corn prices have been trading near five-year lows throughout the spring and summer. Despite the year-over-year decline in Canadian barley and U.S. corn acres, optimal weather has resulted in trend yield projections on both sides of the border. Production will be down from year-ago levels for both barley and U.S. corn crops; however, […] Read more
Kyiv | Reuters – Ukraine’s food exports by sea and river totalled 4.13 million metric tons in August, down from 4.25 million tons in July, agriculture ministry data showed on Friday. That included 2.18 million tons of wheat, 553,732 tons of corn and 454,641 tons of barley, the data showed. Ukraine’s UGA grain traders union […] Read more
Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more