
Tag Archives markets

U.S. grains: Soy futures climb ahead of key USDA reports
CBOT December corn up, September wheat down
Chicago | Reuters — U.S. soybean futures rose about two per cent on Monday, bouncing off of a one-week low set Friday as traders positioned ahead of monthly crop reports due at midweek from the U.S. Department of Agriculture that are expected to project tighter U.S. supplies of the oilseed, traders said. Strength in global […] Read more

Manitoba sunflowers doing well with fewer acres
Few pest, weed problems appear so far
MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent the fewest number of acres […] Read more

U.S. grains: Soybeans, corn drop on improved crop weather
CBOT September wheat also down
Chicago | Reuters — U.S. corn and soybean futures fell on Friday as recent welcome rains across the Midwest farm belt, and forecasts for more next week, aided crops that had been suffering under an early season drought. Soybeans, which notched a four-month high on Monday, ended down 1.9 per cent for the week, while […] Read more

U.S. grains: Corn firms on technicals, short-covering
Soybeans retreat; wheat futures consolidate
Chicago | Reuters — U.S. corn futures rose on Thursday on technical buying and short covering following a two-week slide that took prices to 2-1/2 year lows. Soybean futures fell in a profit-taking retreat from multi-month highs posted after the U.S. Department of Agriculture (USDA) unexpectedly slashed its U.S. plantings estimate and as recent rains […] Read more

Feed weekly outlook: Falling corn prices not spurring new demand
Feed barley bids in Alberta, Manitoba up from month-ago
MarketsFarm — Falling prices for U.S. corn futures on the Chicago Board of Trade (CBOT) are having little effect on shipments going to Alberta feedlots, according to one grain buyer. The September corn contract fell to its lowest price since January 2021 when it dropped to US$4.79 per bushel on Wednesday, before closing at US$4.8525/bu. […] Read more

ICE weekly outlook: Canola makes huge move
Prairies' dry patches add to upswing
MarketsFarm — Canola came out of Canada Day continuing to build on gains made going into the holiday, largely due to spillover from the Chicago soy complex. The U.S. Department of Agriculture last Friday released its planted acres report, which saw soybeans lose four million acres from the 87.5 million planted in 2022, leading to […] Read more

U.S. grains: Wheat surges on slow harvesting, poor crop conditions
Corn hits 2-1/2-year low and ends mixed, soy mostly firm
Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week lows. The wheat rally pulled corn up from 2-1/2-year lows despite expanded plantings and recent rains that lessened concerns about drought-reduced yields. Soybeans firmed on […] Read more

U.S. grains: Soybeans rally on supply worries
Plantings weigh on corn; CBOT wheat also falls
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures on Monday rallied for a second consecutive session, following a shockingly low plantings estimate from the U.S. Department of Agriculture (USDA) on Friday. Corn futures eased at the start of this holiday-shortened week, remaining at a 2-1/2 year low, on choppy technical trading, traders […] Read more

U.S. grains: Soy soars after USDA slashes plantings estimate
CBOT corn dives, wheat follows; soyoil runs limit-up
Chicago | Reuters — U.S. soybean futures surged about six per cent on Friday after the U.S. Department of Agriculture (USDA) reported much lower-than-expected 2023 soy plantings and June 1 inventories, while corn futures tumbled on larger-than-expected acreage. Wheat futures fell in sympathy with corn, despite a smaller-than-expected quarterly wheat stocks figure. On the Chicago […] Read more

U.S. grains: Corn futures near three-week low
Soy mostly firm ahead of USDA reports; wheat follows corn lower
Chicago | Reuters — U.S. corn futures fell to their lowest in nearly three weeks on Thursday as rains bolstered production prospects in the Midwest and traders braced for key acreage and stocks data due Friday from the U.S. Department of Agriculture. Wheat followed corn lower, pressured by a stronger U.S. dollar, which tends to […] Read more