
Soybeans

CBOT weekly outlook: Weather, demand affect grain prices
Wheat 'up and down' on Black Sea uncertainty
MarketsFarm — Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as […] Read more

U.S. grains: Chicago grains flat or higher on Ukraine concerns
Rains expected to cause U.S. planting delays
Mexico City | Reuters — Chicago grain and soy futures closed nearly flat or higher on Tuesday as traders assessed the impact of several countries banning Ukrainian grain, and the future of a Black Sea grains deal remained in doubt. Markets were also eying expected rains in the U.S. that would likely slow planting schedules. […] Read more

U.S. grains: Chicago soybeans up on major U.S. crush
USDA says winter wheat at 27 per cent good or excellent condition
Mexico City | Reuters — Soybean futures gained following strong U.S. crushing data on Monday, while wheat and corn also closed higher after several eastern European countries banned grain and other food imports from Ukraine, casting further doubt on Ukrainian exports. Members of the National Oilseed Processors Association (NOPA) said the U.S. soybean crush jumped […] Read more

Argentina soybeans expected to go from horrible to great
El Nino expected to improve growing conditions
MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more

Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point during the previous plan, due to the impact of a drought, the Rosario grains exchange said on Friday. The Argentina government launched its latest “soy […] Read more

U.S. grains: Corn continues climb, closes higher for fourth week
Traders watching cooler weather in U.S. southern Plains
Mexico City | Reuters — Chicago corn futures settled higher on Friday, making the fourth straight week of gains, after a week of flash sales to China and demand for ethanol processing. Soybeans closed lower, ending a gains streak since late March, as a record Brazilian harvest tempered concern about drought losses in Argentina. The […] Read more

Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more

U.S. grains: Chicago grains close lower as weather improves
USDA reports flash corn sale to China
Mexico City | Reuters — Chicago grains futures reversed earlier gains to close lower on Thursday, as weather improved and despite Russia saying there would likely be no extension of the wartime grains corridor deal, analysts said. Soybeans lost ground from their earlier rally as weather in the Northern Hemisphere looked clearer. “U.S. weather is […] Read more

ICE weekly outlook: New-crop November canola set to step back
StatCan not expected to sway futures much
MarketsFarm — There is presently little upside to new-crop November canola on ICE Futures, according to analyst Errol Anderson of ProMarket Communications in Calgary. Anderson pointed to losses in Malaysian palm oil and weakness in China’s soymeal market as weighing on ICE canola values, with more pressure coming out of South America. “The [soybean] production […] Read more

CBOT weekly outlook: Weather in focus for Chicago grains, oilseeds
Heavy snowpack remains in parts of northern Plains
MarketsFarm — All eyes in the Chicago grain and oilseed markets are focused on weather conditions as the South American harvest progresses and North American farmers begin seeding their next crop. The U.S. Department of Agriculture’s monthly supply/demand report (WASDE), released Tuesday, left ending stocks projections for both soybeans and corn in the country unchanged […] Read more