Chicago corn and soybean futures seesawed on Monday as market players weighed an uptick in fund buying interest against the prospect of a bumper South American corn and soy crop, traders said.
China's total grain production reached a record of more than 700 million metric tons in 2024, the National Bureau of Statistics said on Friday, as Beijing moves to boost output in its quest to achieve food security.
Chicago Board of Trade (CBOT) corn and wheat futures fell back on Thursday on a stronger dollar following rate cuts by the European Central Bank, technical trading and slower-than-anticipated weekly export sales, according to analysts.
Chicago Board of Trade corn futures jumped to a five-and-a-half month high on Tuesday, after the U.S. Department of Agriculture slashed domestic corn supply forecast by more than the market had expected.
India was the top customer for Canadian peas and lentils through the first three months of the 2024/25 marketing year, with total exports of both pulse crops running well ahead of the year ago pace.
Alberta Grains chair Tara Sawyer has been elected chair of the Grain Growers of Canada. Sawyer, a farmer from Acme, Alberta, is the first woman to hold the role, GGC said.
Chicago soybean futures dropped on Monday on expectations for a hefty South American crop, while corn futures rose as traders anticipated world supply and demand estimates from the U.S. Department of Agriculture will show smaller U.S. stockpiles.