U.S. soybean futures fell to two-year lows below $12 a bushel on Monday, pressured by improving prospects for large South American harvests and worries about demand as top global soy buyer China struggles with a real estate crisis, analysts said.
U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries
Chinese demand less certain as real estate crisis deepens there
U.S. grains: Soybeans, corn pressured by South American supply prospects
Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone
U.S. soybean futures sank to a one-week low on Friday and corn fell more than 1 per cent as traders focused on improving prospects for South American harvests, analysts said.
Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids
Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million
The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.
U.S. grains: Soybean, soyoil futures slide on weak demand
KC wheat firms on demand optimism
U.S. soybean futures Sv1 fell 1.4 per cent on Thursday, pressured by weak export demand for U.S. supplies of the oilseed given strong competition from Brazilian supplies, along with sliding values for soybean oil, traders said.
Australia achieves average wheat, barley harvests
Total exports down, but percentage going to China increased
Australian wheat and barley came away with average crops for 2023/24, as the threat of dryness caused by an El Niño posed a major challenge, according to the United Stated Department of Agriculture attaché in the country’s capital of Canberra.
Feed grain weekly outlook: Buyers looking towards springtime
Analysts suggest farmers will grow less barley
Feedlots continued to purchase corn imports from the United States, putting pressure on feed barley and wheat prices in Western Canada. However, the prospective of fewer planted acres this spring could give prices a boost.
CBOT weekly outlook: Pointing towards more soybean acres in 2024/25
Southern U.S. cotton crop could cap soybean acres
As farmers in the United States get ready to plant their crops in 2024, there has been speculation of how much corn and soybeans they will plant.
U.S. grains: Corn up 1.3 per cent on South America weather worries, softer dollar
Wheat futures ended up 2.4 per cent on technical buying and weakness in the dollar
Chicago Board of Trade corn futures rose 1.3 per cent on Wednesday as uncertainty about crop prospects in South America and a setback in the dollar triggered a round of short-covering and lifted the benchmark corn contract Cv1 from three-year lows set last week, traders said.
Only minor acreage shifts expected for most Canadian crops in 2024
Major pulse crop acres expected to rise; canola, wheat expected to dip slightly
Early planting estimates from Agriculture and Agri-Food Canada called for only minor adjustments to most major crops grown in the country in 2024, with reductions in wheat, canola and barley acres, and increases in oats and pulses.
U.S. grains: Soybeans rise in technical rebound; corn ends firm, wheat flat
Gains limited by sizable South American crops; doubts over Chinese demand hangs over market
U.S. soybean futures Sv1 rose for a second straight session on Tuesday on technical buying and short covering after notching multi-year lows last week, although lacklustre demand and improved crop weather in top exporter Brazil limited gains.
Canadian Cattlemen Presents: Depth of Field
