Chicago Board of Trade wheat futures Wv1 reached their highest level since July on Tuesday as frost damage in top-exporter Russia and lower U.S. crop ratings supported prices, traders said.
Chicago Board of Trade wheat futures dropped on Friday after a crop tour through Kansas this week projected better-than-average yields in the top U.S. winter wheat state, analysts said.
Chicago Board of Trade soybean futures ended mixed on Thursday as renewed worries about major flooding in southern Brazil offset data indicating lower demand for soy from U.S. processors, analysts said.
While seeding progress has been varied across Alberta and Saskatchewan this spring, healthy growing conditions are pressuring prices according to Erin Harakal, trade manager for Agfinity Inc. in Stony Plain, Alta.
Chicago Board of Trade soybean futures ticked down on Wednesday, after the National Oilseed Processors Association (NOPA) reported that U.S. crushing plunged in April to a seven-month low.
United States wheat futures rose sharply during the week ended May 15, while corn and soybean futures at the Chicago Board of Trade (CBOT) were in a rangebound, up-and-down pattern.
Chicago Board of Trade soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden's administration did not include used cooking oil on a list of tariff increases on Chinese goods.
The federal government is investing $5,733,852 million in funding to advance soybean, corn and oat research and promote diverse crop rotations across Canada.
Chicago Board of Trade wheat futures rose on Monday, hitting nine-month highs on worries about crop losses in top-exporter Russia after multiple nights of frosty weather in key regions.
Chicago corn futures advanced on Friday after the U.S. Department of Agriculture (USDA) projected U.S. stockpiles of the grain below market expectations.