Chicago Board of Trade soybean futures rose on short covering on Wednesday after nearing a four-year low this week on concerns about large supplies and lackluster U.S. export demand, analysts said.
U.S. grains: Soybean futures recover from four-year low
CBOT Weekly: Still at the behest of the weather
United States corn and soybean crops continued to remain at whatever whims the weather brings, according to John Weyer of Walsh Commercial Hedging Services in Chicago.
Brazil pushing towards wheat self-sufficiency
The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
Manitoba crop weather/conditions varied
Mixed weather conditions across Manitoba over the Canada Day long weekend left some regions of the province dealing with excess moisture, with high winds and cool temperatures also affecting crop development, according to the latest provincial crop report.
U.S. grains: Corn, soy futures rise on technical trading, weather questions
Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.
U.S. grains: Corn tumbles to contract lows on additional US corn acres
Chicago September corn CU24 plunged on Friday to contract lows after U.S. Department of Agriculture data showed far more acres planted with the grain than expected due to favorable spring weather.
U.S. corn acres, grain stocks higher than expected
The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
U.S. grains: Wheat rallies on strong demand ahead of acreage report
Chicago wheat futures surged on Thursday, recovering from a string of retreats on bargain buying and strong export demand, analysts said.
Feed Grains Weekly: ‘Going to be a lot of grain’ says broker
Feed grain prices took a sharp drop across most of the Canadian Prairies during the week of June 24, as a broker pointed to the potential for good crops this year as the reason why.
Canadian farmers plant more canola, less wheat than early intentions
Canadian farmers planted more canola and less wheat than originally intended, according to updated acreage estimates from Statistics Canada, released June 27.
Canadian Cattlemen Presents: Depth of Field
