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Daily Network News

  • Photo: JHVEPhoto/Getty Images Plus

    U.S. grains: Soybeans, corn fall on harvest pressure

    2 days ago
  • Photo: Geralyn Wichers

    U.S. livestock: Hog futures slide in technical correction

    2 days ago
  • National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

    2 days ago
More News →

Soybeans


Photo: Canstock
Crops, Markets

Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

By Phil Franz-Warkentin, GFM Network News December 18, 2023
The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Drought-affected corn in Brazil in 2022. (Photo: Reuters/Diego Vara)
General, Markets, Reuters

Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans

Fertilizer companies are already dealing with lower profits as prices sag

By Ana Mano, Reuters, Rod Nickel, Sourasis Bose, GFM Network News December 18, 2023
Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.


CBOT soybeans ZSF24 as of Dec. 15 (Barchart).
Markets, Reuters

U.S. grains: Soy posts first weekly gain in 1-1/2 months

Traders waited to see whether beneficial rains will arrive in dry areas of Brazil

By Reuters, Tom Polansek, GFM Network News December 15, 2023
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.

January 2024 CBOT soybeans as of Dec. 14, 2023, with moving averages over 20, 50 and 100 days. (Barchart)
Markets, Reuters

U.S. grains: Soy futures rise amid US export demand

China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts

By Reuters, Tom Polansek, GFM Network News December 14, 2023
Chicago | Reuters -- Chicago Board of Trade soybean futures settled higher on Thursday on steady U.S. export demand and weakness in the dollar, analysts said.


Photo: Getty Images
Markets, Reuters

U.S. grains: Soybeans tumble on improving weather forecast for Brazil

Corn and wheat futures also traded lower

By brendan-obrien, Reuters, GFM Network News December 13, 2023
Chicago soybean futures sank for a second consecutive session on Wednesday as the prospect of rain in Brazil eased worries about drought damaging harvest prospects in the world's top exporter.

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)
General, Markets, Reuters

Argentina’s Milei to seek 15 per cent export tax hike on some grains: source

The new president pledged "shock" measures to fix the country's economic crisis

By Maxmilian Heath, Reuters, GFM Network News December 13, 2023
Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.


Photo: File
Crops, Markets

ICE weekly outlook: Drifting market in need of outside support

South America growing conditions likely price driver in soy markets for next months

By Phil Franz-Warkentin, GFM Network News December 13, 2023
The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.

Photo: iStock/Getty Images

U.S. grains: Soy futures end down as traders eye Brazil weather

Wheat and corn futures advance

By Reuters, Tom Polansek, GFM Network News December 12, 2023
Chicago Board of Trade soybean futures backpedaled on Tuesday after reaching their highest price in December as traders assessed risks from unfavorable crop weather in Brazil.


Photo: Getty Images
Markets, Reuters

U.S. grains: Soybeans finish higher on Brazil weather concerns, global demand

Wheat futures plummeted; corn pressured by spillover weakness

By brendan-obrien, Reuters, GFM Network News December 11, 2023
U.S. soybean futures rose on Monday as concerns re-emerged that drought conditions in Brazil are having a detrimental effect on crops in the top-producing nation and after the U.S. government announced another export sale.

(Medioimages/Photodisc/Getty Images)
Crops, Markets, Reuters

U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data

U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week

By brendan-obrien, Reuters, GFM Network News December 8, 2023
U.S. soybean futures fell on Friday after the Department of Agriculture's updated estimate of Brazil's soybean harvest fell toward the high end of trade expectations, easing concerns about global supplies of the oilseed.


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